Altarbyte Secures Series B Funding for EV Charging Infrastructure

Hyderabad, India — Altarbyte announced today that it has secured Series B funding to accelerate the deployment of its intelligent EV charging network and expand operations to 15 new cities across India.

Significant Investment for Growth

The funding round was led by prominent investors committed to sustainable mobility and clean energy transition. The investment will enable Altarbyte to rapidly scale its charging infrastructure, invest in next-generation technology, and strengthen its operations and maintenance capabilities.

Expansion Plans

With the new funding, Altarbyte plans to expand its presence from the current 15+ cities to 30+ cities by 2027. The expansion will focus on tier-2 and tier-3 cities where EV adoption is growing rapidly but charging infrastructure remains limited. The company will also deepen its presence in existing markets.

Technology Innovation

A significant portion of the funding will be allocated to research and development. Altarbyte is working on next-generation 350kW ultra-fast chargers, advanced battery energy storage systems, and AI-powered grid management solutions. These innovations will enhance the efficiency and reliability of the charging network.

Creating Employment

The expansion is expected to create over 500 new jobs across engineering, operations, sales, and customer support. Altarbyte is committed to building a diverse and skilled workforce to support its growth and deliver exceptional service to its customers.

Investor Confidence

The successful Series B round reflects strong investor confidence in Altarbyte's business model and the Indian EV market. Investors recognize the company's proven track record, innovative technology, and experienced management team as key differentiators in a competitive market.

Government Support

Altarbyte's growth aligns with the Indian government's vision for EV adoption and sustainable mobility. The company's DPIIT recognition and UDYAM MSME registration demonstrate its commitment to contributing to India's economic growth and clean energy goals.

Looking Forward

With Series B funding secured, Altarbyte is well-positioned to lead India's EV charging infrastructure revolution. The company remains focused on its mission to make EV charging accessible, affordable, and reliable for every Indian EV owner.