What ThunderPlus does

ThunderPlus Solutions Pvt. Ltd. is an Indian electric-vehicle charging infrastructure company headquartered in Hyderabad, founded in January 2024 and operating as a Charge Point Operator (CPO). The company deploys AC chargers (Thunder Mini, Lite, Smart, Blaze, Strike, Dash — 7 kW to 80 kW) and DC fast chargers (Thunder Tej, Spark, Swift, Falcon, Hulk, Storm — 12 kW to 240 kW), with ultra-fast corridor hubs rated up to 560 kW enabling 80% charge in approximately 20 minutes. Its proprietary technology stack includes Thunder Connect, an OCPP 1.6J-compliant cloud-based Charger Management System (CPMS) for remote monitoring, scheduling, and power-usage adjustment, plus the ThunderPlus mobile app delivering a Scan-Charge-Pay consumer experience. The company is backed by Trinity Cleantech Pvt. Ltd.'s 30+ years of power-electronics expertise and co-developed the world's first ethanol-based 150 kW DC fast charger (ME Energy Rapid Charger 150). As of mid-2026, ThunderPlus operates 250+ charging hubs and 5,000+ deployed chargers across 15+ Indian cities, dispensing 10+ MWh daily and powering 4,000+ EVs.

The company's business model combines (i) hardware sales and EPC services to enterprise customers, fleet operators, and franchisees; (ii) tiered franchise fees and ongoing strategic-partnership revenue from ThunderGold (₹30 lakh+), ThunderTitanium (₹60 lakh+), and ThunderPlatinum (₹1 crore+) tiers with stated 3.5–7 month franchisee payback; (iii) usage-based charging service fees from ThunderPlus-operated and franchise stations; and (iv) recurring subscription revenue from the Thunder Connect CPMS SaaS platform. Reported unit economics are 19% operational margin and 15% PAT margin on FY24-25 revenue exceeding INR 10 crore, with FY25-26 YTD revenue of INR 15 crore and an INR 33.4 crore FY26-27 target. Customers span commercial fleet operators (EveyTrans, Turno), OEMs (TATA Motors), government bodies (Government of Andhra Pradesh INR 515 crore MoU, South Central Railway), fuel retailers (Indian Oil, BPCL), battery-swap operators (Indofast Energy, BijliRide), and a distributed franchise and individual EV-owner base.

Go-to-market is hybrid: enterprise field sales drive large corridor and hub deployments (e.g., the 1.6 MW Vijayawada hub, 1 MW Bengaluru airport hub), while a franchise engine recruits entrepreneurs and property owners to deploy chargers under bundled hardware, site-development, and CPMS terms. Strategic positioning emphasizes ultra-fast corridor coverage (Hyderabad-Vijayawada, Hyderabad-Bengaluru), integrated charging-and-battery-swap hubs via Indofast Energy, and ethanol-based grid-independent chargers addressing India's power-quality constraints. The company secured INR 3 crore in institutional debt from State Bank of India under the CGTMSE framework in March 2026, claiming status as the first profitable CPO in India to receive such bank debt.

Name

ThunderPlus

Legal name

ThunderPlus Solutions Pvt. Ltd.

Website

https://thunderplus.io

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

ThunderPlus Solutions Pvt. Ltd. is a Hyderabad-based EV charging infrastructure company operating 250+ charging hubs and 5,000+ AC/DC chargers across 15+ Indian cities, serving commercial fleets, gig-economy two/three-wheeler riders, individual EV owners, and franchisees through ultra-fast corridor hubs, battery-swap integrations, and a tiered franchise model.

Ownership category

akta.pro rank

Product category

EV Charging Infrastructure

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Motors & Generators (3621)

akta.pro primary industry

EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers) (IMACACAE)

akta.pro secondary industries

EV Charger Operations, Maintenance & Field Service (O&M) (TLAKAMAF), EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG), EV Charging Equipment Installation & Commissioning (AC/DC, Depot/Fleet) (TLAKAMAE), Charging Network Operators & CPOs Offering Smart Charging/V2G (EUAFAMAD), EV Fleet Management & Charging Solutions (THADAKAJ)

Keywords

• EV charging infrastructure
• DC fast chargers
• AC charging stations
• Charge point operations
• EV charging franchise

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. EV Charging Hardware Sales and Installation: Sale of AC and DC charging equipment (7 kW to 240 kW) to franchisees, enterprise clients, and through EPC contracts. Revenue recognized upfront upon hardware delivery and installation.
2. Charging Service Fees: Revenue generated from per-use charging sessions at ThunderPlus-operated and franchise stations. The company achieved a 19% operational margin and 15% PAT margin indicating positive unit economics.
3. Franchise Model: ThunderPlus recruits franchisees (ThunderGold at ₹30 lakh, ThunderTitanium at ₹60 lakh, ThunderPlatinum at ₹1 crore+) who invest in charging infrastructure. ThunderPlus earns revenue through hardware provision, site development guidance, and ongoing strategic partnership fees.
4. Thunder Connect (CPMS) SaaS: Cloud-based charger management software platform offered to charge point operators, generating recurring subscription revenue for network management and monitoring.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

ThunderPlus designs, manufactures and operates a portfolio of AC and DC EV charging hardware (ranging from 7 kW home chargers to 240 kW DC and up to 560 kW ultra-fast hubs), delivered alongside the proprietary cloud-based Thunder Connect Charger Management System, a consumer Scan-Charge-Pay mobile app, and turn-key solutions (Park & Charge, Community Charging, Public Charging, Heavy Vehicles Charging, EPC Works). The company runs a tiered franchise program (ThunderGold at INR 30 lakh, ThunderTitanium at INR 60 lakh, ThunderPlatinum at INR 1 crore+) and operates 250+ charging hubs across India serving fleets, OEMs, governments, franchisees and individual EV owners.

Product overview

ThunderPlus is a charge point operator and EV charging infrastructure company backed by 30 years of power electronics expertise through parent Trinity Cleantech Pvt. Ltd. The company operates a comprehensive portfolio of AC chargers (Thunder Mini, Lite, Smart, Blaze, Strike, Dash ranging from entry-level home units to 80 kW commercial chargers) and DC chargers (Thunder Tej, Spark, Swift, Falcon, Hulk, Storm ranging from 12 kW two-wheeler chargers to 240 kW ultra-fast chargers), supplemented by a proprietary Charger Management System (Thunder Connect), mobile application, and turn-key solutions including Park & Charge, Community Charging, Public Charging, and Heavy Vehicles Charging. The company also offers Engineering, Procurement, and Construction (EPC) services and operates a franchise model with three tiers (ThunderGold at ₹30 lakh+, ThunderTitanium at ₹60 lakh+, and ThunderPlatinum at ₹1 crore+) for charge point operators, fleet managers, and property owners. ThunderPlus operates 200+ charging hubs across India with deployment of 5,000+ AC and DC chargers, targeting both individual EV owners and commercial fleet operators.

Differentiator

Problem solved

Functional benefit

Brands

• Thunder Connect: Charger Management System (CPMS) for monitoring, scheduling, and adjusting power usage remotely.
• ThunderPlus App
• ThunderGold Franchise
• ThunderTitanium Franchise
• ThunderPlatinum Franchise

Products and services

• Thunder Mini AC Charger Entry-level AC charger for home charging with intelligent, secure technology designed for any EV.
• Thunder Lite AC Charger Intelligent AC charger with enhanced features for home charging.
• Thunder Smart AC Charger Smart AC charger with advanced connectivity and monitoring features.
• Thunder Blaze AC Charger High-performance AC charger with rapid charging capability for faster home charging.
• Thunder Strike 40 kW AC Charger 40 kW AC charger for 4-wheelers, buses and trucks operating at 410–450 Volts AC @ 55 Amps.
• Thunder Dash 80 kW AC Charger 80 kW AC charger for EVs including 4-wheelers, buses and trucks with a wide 400–460 Volt input range.
• Thunder Tej 12 kW DC Fast Charger 12 kW DC fast charger for 2- and 3-wheeler electric vehicles with 20–120 Volts DC output, Type 6 (IS 17017-2-6) connector, enabling 80% battery in approximately 10 minutes.
• Thunder Spark 15 kW DC Charger 15 kW DC charger for 4-wheelers with 40–200 Volts DC @ 0–200 Amps output, supporting OCPP 1.6J and GB/T protocols with RFID and mobile app authentication.
• Thunder Swift DC Fast Charger DC fast charger for personal EVs with high energy efficiency and rapid charging capability.
• Thunder Falcon DC Charger High-capacity DC charger for heavy-duty vehicles with optimal performance.
• Thunder Hulk DC Charger Ultra-high capacity DC charger for commercial fleet operations.
• Thunder Storm 240 kW DC Charger 240 kW DC charger for 4-wheelers with CCS2/ChaDaMo connectors and 200–1000 Volts DC @ 0–250 Amps output range.
• ME Energy Rapid Charger 150 (Ethanol-Based 150 kW DC Fast Charger) World's first ethanol-based 150 kW DC fast charger-cum-generator, developed jointly with Trinity Cleantech. Mobile and grid-independent, it reduces reliance on fossil fuels and enables faster deployment with lower costs.
• Thunder Connect Charger Management System (CPMS) Cloud-based Charger Management System enabling remote monitoring, scheduling and power-usage adjustment for all ThunderPlus chargers from any internet-enabled device; offered to charge point operators as a recurring platform.
• ThunderPlus Mobile App (Scan, Charge, Pay) Mobile application delivering a 'Scan, Charge, Pay' experience that lets EV users find, start and pay for charging sessions at ThunderPlus stations without mandatory registration.
• Park & Charge Solution Turn-key charging station solution that converts business premises into go-to destinations for EV drivers, designed for retail, hospitality and commercial property operators.
• Community Charging Solution Neighborhood-level on-site EV charging solution for residential communities, apartment complexes and gated developments.
• Public Charging Solution Dependable public charging service with Charger Management System integration for charge point operators and site owners.
• Heavy Vehicles Charging Solution High-power charging systems packaged as a complete solution for heavy-duty fleet operations including electric buses and trucks.
• Charging Station EPC Works Engineering, Procurement and Construction (EPC) service for turn-key EV charging station deployment, covering design, procurement and installation of hardware and supporting civil infrastructure.
• ThunderPlus Franchise Program (ThunderGold, ThunderTitanium, ThunderPlatinum) Tiered franchise program for entrepreneurs, charge point operators and property owners to deploy EV charging stations under the ThunderPlus brand, bundled with hardware, site-development guidance and ongoing strategic partnership. Three tiers: ThunderGold (INR 30 lakh+, entry-level with 7 kW AC chargers), ThunderTitanium (INR 60 lakh+, mid-tier with 60 kW DC chargers) and ThunderPlatinum (INR 1 crore+, premium tier for high-capacity hub development).

Quantifiable outcome

• Vehicles reach 80% charge in approximately 20 minutes at ThunderPlus ultra-fast charging hubs rated up to 560 kW
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• EveyTrans (Evey Trans Private Limited)coreStrategic or Co-development Partner · 13 March 2026ThunderPlus and EveyTrans jointly developed a 1.6 MW ultra-fast EV charging hub near Vijayawada at Kunchanapalli, Andhra Pradesh, serving the Hyderabad–Vijayawada corridor. The facility accommodates over 150 EVs simultaneously (50+ buses, 100+ cars) with 180 kW fast chargers, 7.4 kW AC chargers, 6 kW two-wheeler chargers, and battery-swapping infrastructure, along with bus servicing and driver training facilities. Plans include similar high-capacity hubs across strategic cities and corridors in India.
• Indofast EnergycoreStrategic or Co-development Partner · 18 February 2026ThunderPlus and Indofast Energy partnered to build integrated EV energy hubs combining fast charging and battery swapping at single locations. Initial deployment focuses on Hyderabad, Bengaluru, and Delhi NCR, with plans to scale across more than 250 sites nationwide. The partnership addresses range anxiety and reduces downtime for EV users by offering both charging and swapping options at the same site.
• Indian Oil CorporationminorChannel Partner/ Reseller/ Distributor · 13 January 2026ThunderPlus commissioned a public EV charging station at an Indian Oil fuel station in Patancheru, Hyderabad, expanding charging access through India's extensive fuel retail network. This site enables EV owners to charge while refueling conventional vehicles at a familiar location.
• Andhra Pradesh Government / ETO Motors / Roqit ConsortiumcoreStrategic or Co-development Partner · 18 November 2025The Government of Andhra Pradesh signed an MoU with a ThunderPlus-led consortium (including ETO Motors and Roqit) to launch a INR 515-crore multi-modal electric mobility and charging infrastructure programme. The initiative will create over 5,000 jobs (1,450 direct and 3,100 indirect), deploy 120 kW chargers every 25 km and 1 MW ultra-fast chargers every 100 km along highways and intercity corridors, starting in Amaravati Capital Region and Visakhapatnam Urban Region.
• Trinity CleantechcoreStrategic or Co-development Partner · 3 November 2025ThunderPlus and Trinity Cleantech co-launched the world's first ethanol-based 150 kW DC fast charger-cum-generator called ME Energy Rapid Charger 150. This mobile, grid-independent charger reduces reliance on fossil fuels and enables faster deployment with lower costs, supporting India's EV ecosystem with innovative charging technology.
• BijliRideminorStrategic or Co-development Partner · 27 October 2025ThunderPlus and BijliRide partnered to integrate battery-swapping machines across all 250+ ThunderPlus hubs, targeting both consumer commuters and gig-economy workers. BijliRide's SaaS-powered electric two-wheeler rental platform benefits from ThunderPlus infrastructure while expanding ThunderPlus's service offering. Launch first in Hyderabad, with plans to replicate across Delhi, Mumbai, and Bengaluru.
• TurnominorStrategic or Co-development Partner · 30 September 2025ThunderPlus and Turno partnered to establish ultra-fast 1 MW charging hubs along Indian highways, targeting long-distance EV travel and fleet electrification on intercity routes.
• South Central RailwayminorChannel Partner/ Reseller/ Distributor · 29 July 2025ThunderPlus inaugurated its second franchise ultra-fast EV charging station at Necklace Road, Hyderabad, in partnership with South Central Railway. This public charging station at a prominent railway location serves commuters and rail users with EV charging facilities.
• TATA MotorscoreStrategic or Co-development Partner · 21 August 2024TATA Motors signed an MoU with Delta Electronics and ThunderPlus to install 250 fast-charging stations. ThunderPlus serves as the charging infrastructure partner providing DC fast chargers as part of TATA Motors' EV ecosystem expansion, enabling TATA EV owners to access ThunderPlus charging network.

Scale indicators9 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• ChargeZone: ChargeZone is an India-focused DC fast charging network operator targeting intercity corridors and commercial fleet electrification, overlapping directly with ThunderPlus's ultra-fast corridor hub strategy.
• Statiq: Statiq is one of India's largest public EV charging networks with thousands of chargers across the country, operating a similar charge point operator model with app-based access, directly competing with ThunderPlus in public and corridor charging.
• Tata Power EZ Charge: Tata Power operates one of the largest EV charging networks in India with pan-India presence and is partnered with TATA Motors — an OEM ally ThunderPlus also serves — making it the closest scaled direct competitor in the Indian CPO market.
• Magenta Mobility (ChargeGrid): Magenta Mobility operates its own EV fleet and ChargeGrid charging network in India, directly competing with ThunderPlus in fleet and public EV charging across multiple cities.
• Kazam EV: Kazam is an Indian EV charging software and network operator offering charger management systems and CPO services, comparable to ThunderPlus's Thunder Connect CPMS franchise and operations business.

Emerging players

• Ather Energy: Ather is primarily an EV OEM but operates the Ather Grid public charging network and is a competitor for two-wheeler charging infrastructure and brand-driven EV ecosystem play; relevant on the OEM-side of the market ThunderPlus serves.
• Exponent Energy: Exponent Energy is an Indian rapid-charging startup pioneering 15-minute fast charging for EVs with proprietary battery and charging tech, competing on the technology differentiation axis where ThunderPlus also plays (ethanol-based charger, ultra-fast hubs).

Broad incumbents

• Bharat Petroleum (BPCL E-Drive): BPCL has signed a partnership with ThunderPlus to set up chargers at 250 fuel stations, but BPCL also operates its own E-Drive charging network, positioning it as both a partner and a broad-incumbent competitor in public EV charging.
• Adani TotalEnergies E-Mobility: Adani TotalEnergies is building a large-scale EV charging network in India leveraging Adani's utility infrastructure and TotalEnergies' energy expertise, representing a deep-pocketed broad incumbent entering the same market.
• Reliance Jio-BP Mobility: Jio-BP (Reliance and BP JV) is aggressively deploying EV charging at fuel stations across India, competing with ThunderPlus's Indian Oil and railway partnership channels on public-charging real estate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/thunderplus

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ThunderPlus