Chennai, Aug 13: Plugzmart, a Tamil Nadu-based EV charging technology company incubated at IIT Madras Research Park, signed a Memorandum of Understanding with the Government of Tamil Nadu during the ‘Vettri Tamil Nadu Investment Conclave 2026’, held in Chennai in the presence of the Chief Minister of Tamil Nadu, Thiru C. Joseph Vijay, to invest INR100 Crore to expand its manufacturing footprint, R&D capabilities, and charging infrastructure ecosystem.
The strategic investment is projected to generate over 500 direct, high-skilled jobs in hardware engineering, power electronics, embedded software, and advanced manufacturing across Tamil Nadu over the next three years.
As a full-stack EV infrastructure builder, Plugzmart designs and manufactures indigenously engineered AC and DC fast chargers, ARAI-compliant charger controllers, Power Line Communication modules and cloud-native Charger Management Systems. The fresh capital deployment will significantly scale production capacities at a manufacturing plant located in the industrial hub of Oragadam, Vallam.
Speaking on the occasion, Mr. Vivek Samynathan, Co-Founder & CEO, Plugzmart, said,
“Tamil Nadu has created a strong ecosystem for advanced manufacturing and electric mobility. This investment reflects our commitment to building world-class EV charging technology from Tamil Nadu and supporting India's transition towards sustainable transportation.”
Mr. Ragavendra Ravichandran, Co-Founder & COO, Plugzmart, added,
“Our focus is to build scalable and reliable EV charging solutions that support OEMs, fleet operators, Charge Point Operators, and public infrastructure projects. This investment will enable us to expand our manufacturing capabilities, create skilled employment, and contribute to the rapid growth of EV charging infrastructure in the State.”
Plugzmart continues to work closely with leading automotive OEMs, fleet operators, CPOs, and public sector organizations to accelerate EV adoption through reliable and indigenous charging technology. The company believes this investment will further strengthen Tamil Nadu's position as a hub for EV manufacturing and charging infrastructure while supporting India's clean mobility objectives.
