Everta eyes strong growth in India EV charging market with 15% DC share goal

Everta, backed by the Epsilon Group, aims to capture a 10–15% share of India’s DC charging market within the next two years. The company is focusing on charge point operators (CPOs), fleet operators, and commercial vehicle operators. Everta also plans to introduce battery-backed charging solutions for locations with limited power supply, according to CEO Manasvi Sharma.

Key Highlights

• Everta aims for a 10–15 percent share of India’s DC charging market within two years
• Commercial shipments of high-power DC chargers are expected to start in the second quarter of this fiscal year
• Product range includes 120 kW to 320 kW DC chargers targeting CPOs and fleet operators
• Battery-backed charging solutions being explored for power-constrained locations
• The manufacturing facility can produce up to 12,000 DC chargers annually, with scope for expansion

Commercial Launch and Product Portfolio

Everta expects to begin commercial shipments of its DC chargers in the second quarter of the current fiscal year. Proto-production has already started, and the products are undergoing certification and validation. This includes approvals from the Automotive Research Association of India (ARAI). Once testing and validation are complete, deliveries to customers will begin.

The initial product range will include high-power DC chargers in the 120 kW, 180 kW, 240 kW, and 320 kW categories. The company is targeting CPOs, fleet operators, bus operators, truck fleets, and last-mile logistics providers. Everta sees a significant opportunity in high-power DC charging infrastructure, as AC charging solutions are increasingly offered by vehicle manufacturers and home charging setups.

Strategy and Market Focus

Everta is working closely with vehicle manufacturers to ensure charger-vehicle compatibility and to optimize charging performance across different electric vehicle platforms. OEM integration is becoming more important, as charging systems affect battery performance, charging speed, and long-term reliability.

There is growing demand from commercial vehicle operators, including bus and truck fleets, where charger uptime and reliability are crucial. As electric vehicle adoption expands, charging infrastructure requirements for commercial applications are expected to increase. Fleet operators are now evaluating third-party charging networks instead of building their own infrastructure, creating opportunities for CPOs and equipment suppliers.

Battery-Backed Charging and Manufacturing Capacity

Everta is exploring battery-backed charging solutions for areas with limited power availability or grid quality. These systems combine charging infrastructure with energy storage, improving charger availability and enabling greater use of renewable energy. The company has already deployed a demonstration system and is considering further deployments with potential customers.

Everta’s current manufacturing facility can produce about 10,000–12,000 DC chargers annually. There is potential for further expansion as demand grows. Localisation is a long-term goal, though high-reliability power electronics and rectifier technologies are still developing within India’s supply chain.

Growth Plans and Market Outlook

Everta operates within the Epsilon Group, which is involved in battery materials, energy storage, and battery recycling. The company is currently focused on the Indian market, citing significant opportunities as electric vehicle adoption rises in both passenger and commercial segments. Everta’s immediate focus is on building products and capabilities for the domestic market, with plans to begin commercial deployments of its DC charging portfolio later this fiscal year.

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CarBike 360 Says

Everta’s ambitious target reflects the rapid evolution of India’s electric mobility landscape, where demand for reliable DC fast-charging is accelerating. By focusing on infrastructure expansion and strategic deployment, the company is positioning itself as a key enabler of EV adoption.