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Events / Statiq Secures $18M Funding Led by...
Business funding round

Statiq Secures $18M Funding Led by Tenacity Ventures

Analysis based on 12 articles · First reported Feb 18, 2026 · Last updated Feb 19, 2026

Sentiment
60
Attention
2
Articles
12
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

The successful funding round for Statiq signals renewed investor confidence in India's electric vehicle infrastructure sector, which has faced a prolonged slowdown. This investment is expected to accelerate EV adoption in India and potentially position Statiq as a global player, positively impacting the broader EV market.

Electric vehicle Renewable energy Infrastructure
Event Summary

Statiq, an electric vehicle charging network operator, has secured approximately $18 million in a funding round led by Tenacity Ventures, with significant participation from Y Combinator, Shell plc===Shell Ventures, and RCD Holdings. The capital, a mix of debt and equity, will be used to aggressively scale Statiq's infrastructure, strengthen its presence in Tier-1 and Tier-2 cities across India, and deploy more DC fast chargers along key highways. The company also plans to upgrade its products for 99.9% uptime, improve hardware lifecycle, and expand globally by exporting 'Made in India' hardware, building on successful pilot projects in the United Arab Emirates. Founded in 2020 by Akshit Bansal and Raghav Arora, Statiq has developed a full-stack solution of proprietary AC/DC fast chargers and seamless software. This funding comes as India's EV ecosystem emerges from a challenging 'capital winter', validating Statiq's unit economics and product performance.

Key Actions
100 Statiq secured funding
90 Tenacity Ventures led funding round Statiq
85 Statiq plans to scale infrastructure
75 Statiq plans global expansion United Arab Emirates
60 Y Combinator participated in funding round Statiq
60 Shell plc===Shell Ventures participated in funding round Statiq
50 RCD Holdings participated in funding round Statiq
Entities Involved
priv
Statiq
Statiq secured $18 million in funding, which will enable it to aggressively scale its EV charging infrastructure, strengthen its presence in India, and expand globally. This investment validates its business model and positions it for significant growth in the electric vehicle sector.
Importance 100 Sentiment 75
priv
Tenacity Ventures
Tenacity Ventures led the funding round for Statiq, demonstrating its focus on early-growth stage companies with IPO-scale potential in deep-tech industries. This investment aligns with its strategy of backing companies building critical future infrastructure.
Importance 90 Sentiment 60
per
Akshit Bansal
As Co-Founder and CEO of Statiq, Akshit Bansal successfully secured $18 million in funding, validating his vision and leadership in navigating the company through a challenging market. He emphasized Statiq's resilience and global ambitions.
Importance 80 Sentiment 70
per
Raghav Arora
As Co-Founder and CTO of Statiq, Raghav Arora's focus on product roadmap and technological advancements has been instrumental in Statiq's success. The new funding will support hardware lifecycle improvements and advanced telematics.
Importance 70 Sentiment 65
per
Rohit Razdan
As Managing Director of Tenacity Ventures, Rohit Razdan led the investment in Statiq, highlighting his firm's strategy of backing founders building critical infrastructure for future industries. He sees Statiq as a deep-tech platform for India's electric future.
Importance 70 Sentiment 60
cnt
India
India's EV ecosystem is emerging from a funding slowdown, and Statiq's successful funding round signifies a positive shift. The expansion of Statiq's charging network will contribute significantly to India's electric future and EV adoption.
Importance 70 Sentiment 50
priv
Y Combinator
Y Combinator participated in Statiq's funding round, continuing its support for the EV charging network operator. This participation indicates ongoing confidence in Statiq's growth trajectory and its role in the EV ecosystem.
Importance 60 Sentiment 40
+ 3 more entities View on Dashboard
Relationships
Akshit Bansal related ↔ Statiq
Raghav Arora related ↔ Statiq
Rohit Razdan related ↔ Tenacity Ventures
Statiq related ↔ Tenacity Ventures
Rohit Razdan related ↔ Statiq
Statiq related ↔ India
Akshit Bansal related ↔ Tenacity Ventures
Raghav Arora related ↔ Tenacity Ventures
Tenacity Ventures related ↔ India
Akshit Bansal related ↔ Raghav Arora
+ 5 more relationships View on Dashboard
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