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Founded in 2024 by Mohan Ponnada, Doctor Prakash Kamaraj, and Rama Krishna, DeCharge Network is based in Hyderabad and builds decentralized electric vehicle charging infrastructure on the Solana blockchain. The enterprise utilizes artificial intelligence and internet of things technology to manage user authentication, digital payments, and network operations for its proprietary charging stations. Operating a community-powered business model, the company enables independent hosts to deploy hardware and earn real revenue from usage, with strategic plans to establish over 16,000 charging locations serving more than one million riders. To support its infrastructure expansion across the United States, Europe, and the Middle East, the platform recently secured a seed funding round of $2,500,000. This financing was led by Lemniscap, with additional equity participation from recognizable institutional backers including Colosseum, Daedalus Angels, Levitate Labs, and EV3 Labs.
DeCharge Network has raised $3.0M across 1 funding round.
DeCharge Network has raised $3.0M in total across 1 funding round.
DeCharge Network has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in March 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2025 | $3M Seed | — | Amity Ventures, Asymmetric, Awesome People Ventures, Color Capital, Darling Ventures, Freestyle Capital, Interlace Ventures, Kepler Operator’s Fund, Pantera Capital, Ethan Beard, Leore Avidar | Announced |
DeCharge Network is a technology company building a decentralized, community-powered electric vehicle (EV) charging network. Their flagship product, the DeCharge Beast, is a modular 7KW charging system that allows individuals and businesses to own, host, and earn rewards from EV charging infrastructure. This network connects EV owners with charging stations located in everyday places like homes, shops, parking lots, and commercial spaces worldwide. DeCharge aims to solve the problem of limited EV charging availability by enabling a scalable, community-owned infrastructure that supports sustainable transportation globally. The company leverages blockchain technology on the Solana ecosystem to ensure secure, real-time data communication and smart contract interactions, enhancing operational efficiency and user experience[1][2][3].
DeCharge was founded as a Solana-backed startup with support from Colosseum, focusing on addressing the growing gap between EV adoption and charging infrastructure availability. The founding team, with backgrounds in blockchain and energy technology, developed the idea of a decentralized EV charging network to empower communities to participate in and profit from the EV transition. Early traction came from the development and certification of their modular hardware, the DeCharge Beast, which meets global standards (FCC, UL, SAE J1772) and is licensed for deployment across APAC, Europe, and the USA. This pivotal moment positioned DeCharge as a leader in the emerging decentralized physical infrastructure network (DePIN) space[1][3].
DeCharge rides the accelerating trend of EV adoption and the urgent need for expanded charging infrastructure. The timing is critical as EV sales outpace the availability of traditional charging stations, creating a bottleneck for widespread EV use. By leveraging decentralized infrastructure and blockchain technology, DeCharge taps into the growing DePIN movement, which aims to democratize ownership and operation of physical infrastructure through tokenized incentives and community governance. Market forces such as increasing environmental regulations, consumer demand for sustainable transport, and advancements in blockchain scalability favor DeCharge’s model. Their approach influences the broader ecosystem by demonstrating how decentralized finance and physical infrastructure can merge to solve real-world problems, potentially reshaping energy and mobility sectors[1][3].
Looking ahead, DeCharge is poised to expand its network globally, scaling deployments of the DeCharge Beast and deepening integration with the Solana ecosystem. Trends such as increased EV adoption, regulatory support for green infrastructure, and the maturation of DePIN frameworks will shape their growth trajectory. Their influence may evolve from a niche decentralized charging solution to a foundational layer in the global EV infrastructure landscape, empowering communities and accelerating the transition to sustainable transportation. Continued innovation in hardware, software, and community incentives will be key to maintaining momentum and expanding impact[1][3].
DeCharge Network has raised $3.0M in total across 1 funding round.
DeCharge Network's investors include Amity Ventures, Asymmetric, Awesome People Ventures, Color Capital, Darling Ventures, Freestyle Capital, Interlace Ventures, Kepler Operator’s Fund, Pantera Capital, Ethan Beard, Leore Avidar.
