Cargo Matters to Invest Rs 66 Crore for 550+ EV Charging Stations

• Logistics operator Cargo Matters plans to invest Rs 66 crore to establish over 550 smart grid-enabled and solar-integrated EV charging stations.
• The charging stations will be set up across Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Kerala.
• Cargo Matters has partnered with TRYK Charge Services LLP for the execution of this project, aiming to address infrastructure bottlenecks for logistics and passenger mobility.
• The network will feature 360 kW DC fast chargers and standard AC charging options, supporting global standards.
• The infrastructure will be managed by a CPO platform, and an RFID-based charging card will offer single-tap access to all stations.