Founded in Chennai in 2022, Magma Technologies makes and sells electric vehicle supply equipment under the ChargeSpot name, and runs the software layer that turns a box on a wall into a working, paid, monitored charging point. 300+ chargers deployed, built by 8 people, without outside capital.
Six EV charger variants covering two-wheelers through to three-phase 22 kW car charging. Sold outright to hosts and CPOs, or deployed on Magma's own balance sheet under the invest model.
Session start and stop, tariff control, digital payments and settlement, remote monitoring, and role-specific dashboards for hosts, investors and CPOs.
Installation coordination, customer support for drivers, preventive and breakdown maintenance, and site performance management on Magma-operated assets.
Our units run off the connection most buildings already have - in most cases no separate transformer, no heavy civil work and no long utility approvals. In destination locations, density beats speed.
Host, investor and CPO. The hardware and platform are identical across all three; what changes is who owns the asset and who keeps the money.
OCPP and OCPI. Interoperability is a prerequisite, not a feature - proprietary lock-in helps nobody.
Live in 64+ cities and expanding. Deployment priority follows EV density, grid reliability and where our host partners are.
A charging network that does not pay its hosts is a network that will not grow. The 85% host share is the model, not a promotion.
Every projection we publish carries its assumptions and its downside. Utilisation drives everything, and a slow site takes years to return capital - we say so before you sign, not after.
On company-operated sites, choosing the location is the investment decision. That is why Magma signs the locations and carries the operating responsibility.
OCPP, OCPI and open APIs, so hardware and networks can talk to each other and nobody is trapped.
Whether you have a location, capital, or a business you want to build a network with - there's a structure for it.
