The growing demand for electric vehicles (EVs) in India has also led to a parallel growth in the EV solutions market. The EV solutions market includes products and services related to EV charging infrastructure, battery technology, software solutions for EVs, and more.
One of the key drivers of the EV solutions market in India is the government’s focus on promoting the adoption of EVs. The government has set ambitious targets for EV sales and is investing in the development of EV charging infrastructure across the country. This has led to an increase in demand for EV charging solutions, including public charging stations and home charging units.
PiEV is a modern company designed to meet the needs of the next century, with a focus on reducing carbon emissions. Throughout history, the transportation industry has shifted from coal and steam engines to petrol and internal combustion engines, but now the industry is moving towards an all-electric future. PiEV’s core competency is providing a reliable charging infrastructure for electric vehicle (EV) owners. This includes EV charging stations and top-up models, but their goal is much bigger – to establish 100,000 stations and 1 million charging points, as they recognize that the future of transportation is electric.
Diverse Product Lineup and Integrated Charging Stations
PiEV’s product lineup is diverse, with nine different products tailored to meet various demands and contexts. These products range from bikes and auto-rickshaws to small and large cars, buses, and trucks. What sets PiEV apart from its competitors is its integrated charging stations, which provide a unique dimension to their offerings. PiEV’s product range is unmatched in the industry and positions them as a leader. Additionally, PiEV’s solutions for fleet operators, reward programs, and services such as fulfilling CSR and clients’ SDG goals further solidify their industry-leading position.
The Visionary
PiEV’s founder is Iftikhar Ali, a serial entrepreneur with a proven track record of building successful startups. Over the past decade, he has launched Fintech companies in Canada, the UK, and India, which are currently valued at approximately 800 Cr. Some of his startups have been backed by prestigious investment firms. With PiEV, Iftikhar Ali aims to address the pressing need for clean energy and sustainable mobility options as the world transitions to a more eco-friendly future. As an electrical engineer and NIT alumnus, he has been following the EV space for over two years and firmly believes that electric is the future.
Putting Customers First with Reliability, and Safety
The EV charging industry is still in its early stages, but it has enormous potential to grow into a full-scale industry. PiEV is at the forefront of this industry and is leading the way in defining it from the ground up. PiEV takes a multi-faceted approach to the development of this budding industry by considering it from various angles.
PiEV is a customer-centric organization, and it strives to delight its customers with its services and offerings. The company places a strong emphasis on establishing the fundamentals of its services, such as reliability, safety, and superior customer support. In addition, PiEV provides a great rewards program to back up its commitment to customer satisfaction.
Overcoming Challenges and Innovating for Success
Building PiEV from scratch to its current position was not without challenges. The company had to overcome various obstacles, such as creating trust with customers and intermediaries, developing a compelling product line, establishing pricing structures and engagement models, and navigating the legalities of the industry. Each aspect of PiEV’s development required a deep thought process to bring commercial value to the entire chain, from customers to intermediaries to PiEV itself. By addressing each of these challenges with strategic planning and a customer-centric approach, PiEV has established itself as a leader in the EV charging industry.
PiEV’s success is built on its ability to innovate and think outside the box. Iftikhar believes that the key to this success is to bring meaningful additions to the company’s offerings, ranging from charging solutions to info tech stacks, pricing and discounts, rewards, and more. By continuously innovating and expanding its capabilities, PiEV is able to stay ahead of the curve and provide its customers with the most advanced and comprehensive solutions in the EV charging industry.
Establishing a Foothold in India’s EV Charging Industry
The turning point for PiEV came when the company made its first installation, gained its first hosting agreement, and earned its first revenue. These milestones marked the beginning of PiEV’s journey towards establishing a foothold in the EV charging industry. From there, PiEV has continued to grow and innovate, expanding its product line and customer base while remaining committed to providing reliable and customer-centric solutions.
PiEV is at the forefront of innovation and is creating a brand-new industry. The company’s approach is to prioritize deep solutioning that puts the customer first, resulting in meaningful innovations. By putting the customer’s needs at the center of its innovation process, PiEV ensures that its solutions meet the demands of the evolving EV industry.
Strengthening Partnerships and Streamlining EV Operations
Currently, PiEV is working with some very prestigious institutions to provide solutions to their EV needs. As an aggregator and one-stop solution provider, PiEV is uniquely positioned to meet the complex and evolving needs of these institutions. By working closely with them to understand their specific requirements, PiEV can provide tailored solutions that help to streamline their EV charging operations and reduce their carbon footprint. These partnerships serve to further strengthen PiEV’s reputation as a leading provider of innovative and sustainable solutions in the EV charging industry.
Commitment to Sustainable Mobility and Engineering Solutions
PiEV’s plans include developing more meaningful engineering solutions for the next 100 years. The company recognizes the critical role that engineering plays in shaping the future of sustainable mobility, and it is committed to staying at the forefront of this field. PiEV plans to leverage its expertise in engineering to create innovative and sustainable solutions that meet the evolving needs of the EV industry. By continuing to prioritize customer-centric solutions and cutting-edge technology, PiEV aims to establish itself as a leader in the development of sustainable transportation solutions for the next century.
PiEV has a clear roadmap for the next 5 years, which includes plans to set up 30,000 stations and 150,000 charging points in the PiEV network. This will enable the company to build the capacity to charge 615,000 EVs per year, conservatively speaking. To achieve this ambitious goal, PiEV will need to acquire other players in the industry to expand its network and increase its reach. The company is also looking to focus on educational institutes and fleet companies, which represent key growth opportunities for both the charging and the MyEV (EV on subscription) models.
In addition to expanding its charging network, PiEV is also planning to launch an SDG-based blockchain. This innovative solution will enable the company to track the environmental impact of its charging operations and provide customers with transparent and verifiable data on their carbon footprint. By leveraging cutting-edge blockchain technology, PiEV is further demonstrating its commitment to sustainability and environmental responsibility.
