Cargo Matters Commits ₹66 Crore to EV Charging Network Along Freight Corridors

Cargo Matters has announced an investment of ₹66 crore to build an electric vehicle (EV) charging network focused on India’s freight corridors, addressing infrastructure gaps in commercial logistics.

The initiative will deploy 360 kW DC fast chargers across South India, aimed at supporting both heavy-duty commercial vehicles and passenger EVs. The chargers will be compatible with global standards such as CCS2 and CHAdeMO, along with AC charging options.

The project is being implemented in partnership with TRYK Charge Services, which will handle deployment and operations. The companies plan to install charging stations at fleet depots, bus terminals, and key freight routes, while also working with electric bus and truck manufacturers to expand access for commercial fleets.

Umesh Padala, Founder & Chairman, Cargo Matters said, "The bottleneck to scaling electric logistics in India is no longer the vehicles; it is the absence of reliable, heavy-duty charging infrastructure on our freight corridors. By fully investing ₹66 Crore into this network, Cargo Matters is helping secure India's operational future and accelerating the electrification of commercial transport. We aren't just moving freight; we are building the intelligent grid required to move it sustainably."

Kulbhushan Gawande, CEO of TRYK Charge Services, said the partnership will combine charging technology, software integration, and on-ground execution. He added that the deployment of 360 kW chargers will support high-capacity charging requirements for commercial vehicles.

The network will be managed through a Charge Point Operator (CPO) platform that enables real-time monitoring and analytics. It will support protocols including OCPP 1.6, OCPP 2.1, and OCPI. Cargo Matters also plans to integrate third-party chargers into its platform to improve utilization and enable additional revenue streams.

To simplify access, the companies will introduce an RFID-based charging card for users across the network.

Cargo Matters, headquartered in New Delhi, operates a fleet of more than 400 trucks across over 15,000 pincodes and serves clients such as Tata Steel, DHL, and Havells. The company uses digital systems, including integration with the National Unified Logistics Interface Platform (ULIP), to provide tracking and logistics services.

TRYK Charge Services, founded in 2021, focuses on developing EV charging infrastructure across highways, commercial locations, and public spaces in India.