Everta is targeting a 10–15% share of India’s DC charging market over the next two years and expects to begin commercial shipments of its DC chargers in the second quarter of the current fiscal year, according to Manasvi Sharma, CEO, Everta.
In an interaction with Autocar Professional, Sharma said the company has already started proto production and is currently progressing through certification and validation processes, including approvals from the Automotive Research Association of India (ARAI).
“We have already started proto production. The products are undergoing testing and validation processes. Once those are completed, we will begin deliveries to customers,” Sharma said.
According to Sharma, Everta’s initial product portfolio will comprise high-power DC chargers in the 120 kW, 180 kW, 240 kW, and 320 kW categories. He said the company is initially focusing on charge point operators (CPOs), fleet operators, bus operators, truck fleets, and last-mile logistics applications.
Explaining the company’s strategy, Sharma said Everta sees a significant opportunity in reliable high-power DC charging infrastructure as AC charging solutions increasingly become available through vehicle manufacturers and home charging setups.
He said the company is working closely with vehicle manufacturers to ensure charger-vehicle compatibility and optimise charging performance across different EV platforms. According to Sharma, OEM integration is becoming increasingly important as charging systems play a critical role in battery performance, charging speed, and long-term reliability.
Sharma said Everta is witnessing growing demand from commercial vehicle operators, including bus and truck fleets, where charger uptime and reliability are critical to daily operations. He added that the company expects charging infrastructure requirements for commercial applications to increase as EV adoption expands.
According to Sharma, fleet operators are increasingly evaluating third-party charging networks instead of investing in captive charging infrastructure, creating opportunities for both charge point operators and charging equipment suppliers.
Sharma also outlined the company’s plans to explore battery-backed charging solutions for locations where power availability or grid quality remain constraints. He said such systems could combine charging infrastructure with energy storage, helping improve charger availability while also enabling greater use of renewable energy.
The company has already deployed a demonstration system and is evaluating additional deployments with potential customers, Sharma said.
According to Sharma, Everta’s current manufacturing facility has the capacity to produce approximately 10,000–12,000 DC chargers annually, with scope for further expansion as demand grows.
Sharma said localisation remains an important long-term objective for the industry, although high-reliability power electronics and rectifier technologies continue to evolve within India’s domestic supply chain ecosystem.
Asked about growth ambitions, Sharma said Everta is targeting a 10–15% share of India’s DC charging market over the next two years.
Everta operates within the broader Epsilon Group ecosystem, which has interests in battery materials, energy storage, and battery recycling. Sharma said the company is currently focused on the Indian market and sees significant opportunities as EV adoption rises across passenger and commercial vehicle segments.
“We believe the opportunity in India itself is substantial. Our immediate focus is on building products and capabilities for the domestic market,” Sharma said.
According to Sharma, Everta plans to focus initially on CPOs, fleet operators, and commercial charging applications as it begins commercial deployments of its DC charging portfolio later this fiscal year.