 "Bolt.Earth CEO S Raghav Bharadwaj said the firm is likely to post $5 million revenue in the current financial year. | File Image")
India’s largest electric vehicle (EV) charging network Bolt.Earth, which enjoys a 63 per cent share of the country’s public charging market, expects to turn profitable in 2026-27 (FY27), followed by an IPO over the next few months amid rising EV adoption in Tier-II and Tier-III cities.
It would be the first EV charging network provider to turn profitable, claimed CEO S Raghav Bharadwaj.
Having deployed over 100,000 chargers across 1,800 cities and towns (including Lakshadweep), the company aims to deploy 1 million chargers annually by 2028 as it enters its next stage of growth.
“We expect to turn profitable by
