Table of Contents
1. Company Overview
1.1 Company Background and History
- Full Name: Statiq
- Founded: 2019
- Founders: Akshit Bansal & Raghav Arora
- Headquarters: Gurugram, India
- Industry: Electric Vehicle (EV) Charging Infrastructure
1.2 Key Milestones
- 2019: Statiq was founded with a vision to build a robust EV charging network in India.
- 2020: Launched first public EV charging station.
- 2021: Expanded network coverage across major cities and highways.
- 2022: Partnered with various state governments and corporations to install EV chargers.
- 2023: Secured funding to scale operations and enhance software solutions for EV users.
1.3 Key Leadership
- CEO & Co-founder: Akshit Bansal
- CTO & Co-founder: Raghav Arora
1.4 Mission, Vision, and Values
- Mission: To accelerate EV adoption by providing a seamless and accessible charging network.
- Vision: To create India’s largest and most efficient EV charging ecosystem.
- Values: Sustainability, Innovation, Accessibility, Customer-Centric Approach.
2. Business Model and Industry Position
2.1 Products and Services
- EV Charging Stations: Public, commercial, and residential charging solutions.
- Charging Network Platform: Mobile app for locating and reserving chargers.
- Partnerships: Collaborations with businesses, governments, and real estate developers to expand EV charging infrastructure.
2.2 Market Position and Competitors
- Market Position:
- Emerging leader in India’s EV charging infrastructure.
- Focused on expanding accessibility across urban and highway locations.
- Competitors:
- Tata Power EV Charging
- Ather Grid
- Magenta ChargeGrid
- Ion Energy
2.3 Industry Trends and Challenges
- Trends:
- Growing EV adoption driven by government incentives.
- Increasing investments in sustainable energy solutions.
- Advancements in battery technology leading to higher demand for charging networks.
- Challenges:
- High initial infrastructure costs.
- Range anxiety among EV users due to limited charging stations.
- Regulatory and land acquisition hurdles for setting up new charging stations.
3. SWOT Analysis
Strengths
✅ Growing Network: Rapid expansion of charging stations across India.
✅ Technology-Driven: User-friendly app and data analytics for efficient energy management.
✅ Government Support: Benefiting from India’s push for EV adoption and green energy.
✅ Strategic Partnerships: Collaborations with businesses, real estate firms, and fleet operators.
Weaknesses
❌ High Initial Investment: Setting up charging stations requires significant capital.
❌ Limited Brand Awareness: Competing with established players like Tata Power.
❌ Dependency on Power Infrastructure: Requires stable and sustainable electricity sources.
Opportunities
📈 Expanding EV Market: Increasing number of EV users in India.
📈 Government Incentives: Policies promoting clean energy and EV adoption.
📈 Smart Charging Solutions: Potential to integrate AI and IoT for better charging management.
📈 B2B Collaborations: Partnering with fleet operators and logistics companies.
Threats
⚠️ Competition: Established and emerging players increasing market competition.
⚠️ Regulatory Hurdles: Changes in government policies could impact operations.
⚠️ Power Supply Issues: Dependence on uninterrupted electricity availability.
4. Financial Health and Performance
4.1 Key Financial Metrics (2023-2024)
| Metric | 2023 | 2024 (Projected) |
|---|---|---|
| Revenue | ₹100 Cr | ₹200 Cr |
| Investments Raised | ₹500 Cr | ₹800 Cr |
| Expansion Rate | +50% (New stations) | +75% (New stations) |
| R&D Investment | 15% of revenue | 20% of revenue |
4.2 Annual Reports & Investor Insights
- Strategic Focus:
- Expanding charging infrastructure across highways and urban centers.
- Enhancing digital solutions for real-time tracking and reservations.
- Developing fast-charging technology to reduce wait times.
- Recent Developments:
- Partnership with state governments for public charging networks.
- Integration of renewable energy solutions in charging stations.
5. Corporate Culture and Strategic Outlook
5.1 Work Environment and Employee Culture
- Diversity & Inclusion: Encourages innovation-driven work culture.
- Career Growth & Development: Provides training in sustainable energy and EV technology.
5.2 Strategic Growth and Innovation
- Innovation Hubs: Research centers focusing on smart grid integration.
- Collaborations: Working with automakers and tech firms to enhance charging solutions.
6. Recent News & Market Sentiment
6.1 Recent Developments
- 2024: Expanded fast-charging network across national highways.
- 2023: Partnered with real estate developers to install home charging stations.
- 2022: Raised Series B funding to scale operations.
6.2 Market Sentiment & Analyst Ratings
- Positive Outlook: Growing market demand and strong government support.
- Challenges: Infrastructure scalability and energy grid dependency.
- Stock Performance: Expected growth as EV adoption rises.
7. Role-Specific Information (Finance & Accounting)
7.1 Finance & Accounting Department Overview
- Key Responsibilities:
- Financial Reporting & Compliance.
- Cost & Revenue Management.
- Investment Planning for Infrastructure Expansion.
7.2 Technology and Software Used
- ERP System: SAP for financial reporting.
- Accounting Standards: Follows Indian GAAP & IFRS.
8. Summary of Key Facts
| Attribute | Details |
|---|---|
| Company Name | Statiq |
| Headquarters | Gurugram, India |
| Founded | 2019 |
| Founders | Akshit Bansal, Raghav Arora |
| Industry | EV Charging Infrastructure |
| Revenue (2023) | ₹100 Cr |
| Stock Exchange | Private Company |
9. Conclusion
Why Join Statiq?
✅ One of India’s fastest-growing EV infrastructure companies.
✅ Strong government backing and market potential.
✅ Opportunities for growth in sustainable energy and technology.
Final Tip for Candidates:
✔️ Research Statiq’s financial performance and growth strategy.
✔️ Stay updated on government policies supporting EV adoption.
✔️ Be prepared to discuss how you can contribute to financial efficiency and business scalability.