On Wednesday, the Indian Institute of Technology (IIT) Guwahati proudly announced a significant milestone in its alumni’s entrepreneurial journey: the acquisition of EvyEnergy, an innovative eMobility software platform, by Zemetric, a leading provider of electric vehicle (EV) charging technologies. This acquisition marks a pivotal moment in the startup’s history and signifies the growing importance of eMobility solutions in the global transition towards sustainable transportation.

The Genesis of EvyEnergy
EvyEnergy was co-founded in 2021 by Tushar Bohra, Mohit Jain, and Bhabani Mohapatra, all alumni of the BTech batch of 2022 from IIT Guwahati. The startup originated in the humble confines of a dorm room, where the trio of visionary students began to develop their idea into a viable business. Their journey from a dorm room startup to a successful acquisition is a testament to their hard work, innovative thinking, and the supportive environment at IIT Guwahati.

The Vision Behind EvyEnergy
The primary vision behind EvyEnergy was to address the growing need for efficient and accessible EV charging solutions. The founders identified a gap in the market for a comprehensive platform that caters to various charging needs, including public charging, fleet charging, and destination charging. To fill this gap, they developed a software platform with integrated payment options, making EV charging more accessible and convenient for users.

The ChargeConnect Platform
EvyEnergy’s flagship product, the ChargeConnect platform, is a robust software solution designed to streamline the EV charging experience. The platform supports nearly 3,000 charging ports and has become a preferred choice for Charging Point Operators (CPOs) and mobility providers.

Key features of the ChargeConnect platform include:

Charger Aggregator: This feature allows EV drivers to locate and access charging stations easily. By aggregating various charging points into a single platform, it simplifies the search for available chargers, enhancing the user experience.

Cloud Platform: This component provides charger owners and operators with comprehensive control over their charging systems. It offers real-time insights, helping to optimize charging infrastructure and improve operational efficiency.

Impact and Market Reception
The ChargeConnect platform’s success can be attributed to its user-centric design and robust functionality. It addresses critical pain points in the EV charging ecosystem, such as the availability of charging points, ease of access, and payment integration. These features have made it a popular choice among CPOs and mobility providers, driving widespread adoption and growth.

Acquisition by Zemetric
Zemetric, known for its cutting-edge EV charging technologies, saw immense potential in EvyEnergy’s platform and its market impact. The acquisition of EvyEnergy aligns with Zemetric’s strategic vision of expanding its portfolio of eMobility solutions and enhancing its technological capabilities. By integrating EvyEnergy’s platform, Zemetric aims to offer a more comprehensive suite of services to its clients, further solidifying its position in the EV charging market.

Statements from IIT Guwahati
The acquisition has been met with pride and enthusiasm by IIT Guwahati’s faculty and administration. Professor Devendra Jalihal, Director of IIT Guwahati, commented on the achievement, stating:

“We are immensely proud of the achievements of Tushar, Mohit, and Bhabani, all IITG alumni, and their innovative venture, EvyEnergy. Our institution provides a nurturing environment that encourages creativity, innovation, and excellence. The success of EvyEnergy underscores our commitment to equipping our students with the skills and knowledge necessary to drive technological advancements and contribute meaningfully to society via enabling future technology development. We congratulate them on their remarkable journey and look forward to seeing more groundbreaking contributions from our talented community.”

Reflections from the Founders
Reflecting on their journey, Tushar Bohra, one of the co-founders, expressed gratitude for the support and opportunities provided by IIT Guwahati:

“Our success reflects the incredible opportunities provided by our college Guwahati, especially the support from the e-mobility lab. We are profoundly grateful for these opportunities, which have been instrumental in our achievements throughout our journey. We are firmly committed to giving back and supporting our college in every possible way.”

The Road Ahead
The acquisition of EvyEnergy by Zemetric marks the beginning of a new chapter for the startup. The founders will now have the resources and support to scale their platform further, integrating it with Zemetric’s advanced EV charging technologies. This partnership is expected to accelerate the development of innovative solutions in the eMobility space, driving the adoption of electric vehicles and supporting the global shift towards sustainable transportation.

The Broader Impact on the eMobility Ecosystem
The acquisition also highlights the growing importance of startups in driving technological advancements in the eMobility sector. As more countries commit to reducing carbon emissions and transitioning to electric vehicles, the demand for efficient and user-friendly charging solutions will continue to rise. Startups like EvyEnergy play a crucial role in meeting this demand by developing innovative platforms that enhance the EV charging experience.

Supporting Future Innovators
The success of EvyEnergy underscores the importance of nurturing innovation and providing a supportive environment for young entrepreneurs. Institutions like IIT Guwahati play a pivotal role in this process by offering resources, mentorship, and opportunities for students to explore their ideas and turn them into successful ventures.

The acquisition of EvyEnergy by Zemetric is a significant milestone in the journey of the young startup and a testament to the innovative spirit of its founders. It also highlights the vital role that academic institutions, like IIT Guwahati, play in fostering entrepreneurship and technological advancements. As the eMobility sector continues to evolve, the contributions of startups like EvyEnergy will be instrumental in shaping the future of sustainable transportation.

With their innovative ChargeConnect platform, Tushar Bohra, Mohit Jain, and Bhabani Mohapatra have set a high standard for future entrepreneurs. Their journey from a dorm room startup to a successful acquisition is an inspiring story of determination, innovation, and the impact of supportive educational environments. As they continue to contribute to the eMobility ecosystem under Zemetric’s banner, their work will undoubtedly leave a lasting mark on the industry.

By Admin

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