Electric vehicle charging infrastructure company ThunderPlus has secured INR 3 crores in institutional debt funding from the State Bank of India (SBI) to accelerate the expansion of its EV charging network across India. The funding marks an important milestone for the company as it continues to strengthen the country’s rapidly growing electric mobility ecosystem.
The debt facility from SBI will help ThunderPlus scale its charging infrastructure in key urban centres and high-demand mobility corridors. With electric vehicle adoption increasing steadily in India, the demand for reliable and accessible charging infrastructure is becoming a critical part of the transition to sustainable transportation.
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ThunderPlus has been actively building and deploying EV charging stations designed to support various electric vehicle segments, including passenger vehicles, commercial fleets, and two-wheelers. The company focuses on providing smart, reliable, and scalable charging solutions to enable faster EV adoption. The newly secured funding will primarily be used to expand charging installations, improve operational capabilities, and strengthen ThunderPlus’s technology platform. By leveraging institutional support from SBI, the company aims to accelerate deployment and support India’s broader clean mobility goals.
India’s EV market is experiencing rapid growth driven by government incentives, rising fuel costs, and increasing environmental awareness. However, the availability of widespread charging infrastructure remains one of the key challenges for EV adoption. Companies like ThunderPlus are playing a crucial role in bridging this gap by building a strong and accessible charging network.
With this latest funding support from SBI, ThunderPlus is expected to further scale its infrastructure footprint and contribute to the development of a robust EV charging ecosystem across the country.
