{"id":1150,"date":"2026-03-02T11:10:06","date_gmt":"2026-03-02T11:10:06","guid":{"rendered":"https:\/\/www.thunderplus.io\/blog\/?p=1150"},"modified":"2026-03-06T05:37:21","modified_gmt":"2026-03-06T05:37:21","slug":"thunderplus-secures-3crore-institutional-debt-from-state-bank-of-india","status":"publish","type":"post","link":"https:\/\/www.thunderplus.io\/blog\/thunderplus-secures-3crore-institutional-debt-from-state-bank-of-india\/","title":{"rendered":"ThunderPlus Makes History: India’s First EV Charging CPO to Secure Institutional Debt Funding from State Bank of India"},"content":{"rendered":"
\n

ThunderPlus Makes History: India’s First EV Charging CPO to Secure Institutional Debt Funding from State Bank of India<\/h1>\n

Hyderabad, March 2026<\/strong> \u2014 ThunderPlus, one of India’s fastest-growing EV charging infrastructure companies, has scripted a landmark moment for the electric mobility sector by becoming the first profitable Charge Point Operator (CPO) in the country to secure institutional debt funding from the State Bank of India.<\/p>\n

The \u20b93 Crore structured debt facility sanctioned under the Government of India’s CGTMSE framework is a strong institutional validation of ThunderPlus’s disciplined and profitability-driven EV infrastructure business model.<\/p>\n

\n
\u20b910 Cr+<\/strong>
\nRevenue in Year 1<\/div>\n
60% Growth<\/strong>
\nProfitable Expansion<\/div>\n
\u20b93 Cr<\/strong>
\nSBI Debt Funding<\/div>\n
1,000+<\/strong>
\nCharge Points<\/div>\n<\/div>\n

A Milestone for India’s EV Infrastructure<\/h2>\n

In a sector often perceived as capital intensive and dependent on equity-led burn, ThunderPlus has built its charging network on strong unit economics, operational efficiency, and disciplined capital allocation.<\/p>\n

Started in January 2024, the company closed its first year with \u20b910 Crore+ in revenue and positive EBITDA. By December 2025, the company had already surpassed these numbers and is on track to close \u20b916 Crore revenue by March 2026 \u2014 representing a 60% growth trajectory.<\/p>\n

This consistent performance enabled India’s largest public sector bank, State Bank of India, to extend institutional debt based on demonstrated operational strength and financial discipline.<\/p>\n

State Bank of India on ThunderPlus<\/h2>\n

\u201cIt is very inspiring to witness the journey of ThunderPlus \u2014 the only CPO to be profitable, and what makes it even more remarkable is that this organization is based right here in Hyderabad. SBI is proud to support ThunderPlus in its growth and looks forward to contributing to this incredible growth story.\u201d<\/p><\/blockquote>\n

\u2014 Srinivasu Pamu, Assistant General Manager, Commercial Branch Secunderabad, stated, State Bank of India<\/strong><\/p>\n

Leadership Perspective<\/h2>\n

\u201cThis is not just funding \u2014 it is institutional validation. From day one we focused on building a charging network rooted in profitability, operational efficiency and responsible capital deployment. The depth of due diligence undertaken by SBI reinforces our confidence in our systems and long-term execution capability.\u201d<\/p><\/blockquote>\n

\u2014 Rajeev YSR, Executive Director & CEO, ThunderPlus<\/strong><\/p>\n

Trusted by India’s Leading Mobility Brands<\/h2>\n
    \n
  • Tata Motors<\/li>\n
  • Turno<\/li>\n
  • Flixbus<\/li>\n
  • Freshbus<\/li>\n
  • Ather Energy<\/li>\n
  • JBM<\/li>\n<\/ul>\n

    ThunderPlus has executed more than 50 national-level EV charging infrastructure contracts across India, creating strong utilization and revenue visibility.<\/p>\n

    Network Scale<\/h2>\n
      \n
    • 250+ Charging station hubs<\/li>\n
    • 1,000+ charge points deployed<\/li>\n
    • Presence across 16 states<\/li>\n
    • 4+ average charging sessions per charger per day<\/li>\n<\/ul>\n

      The Green Impact<\/h2>\n
        \n
      • 16,000 units of clean energy dispensed daily<\/li>\n
      • 60 million green kilometres enabled annually<\/li>\n
      • 10,000 metric tonnes of CO\u2082 saved per year<\/li>\n
      • Equivalent of planting 300,000 trees<\/li>\n<\/ul>\n

        About ThunderPlus<\/h2>\n

        ThunderPlus is India’s fastest-growing EV charging network and the only profitable Charge Point Operator (CPO) in the country. Headquartered in Hyderabad, the company operates 250+ charging stations across 16 states and serves more than 35 enterprise clients.<\/p>\n

        The company has strategic partnerships with Tata Motors, Ather Energy, Mahindra and several other mobility leaders.<\/p>\n

        \n

        Media & Investor Enquiries<\/strong><\/p>\n

        ThunderPlus Communications
        \nwww.thunderplus.io
        \nHyderabad, India<\/p>\n

        ThunderPlus \u2014 Charging India’s Electric Future<\/strong><\/p>\n<\/div>\n<\/div>\n

         <\/p>\n","protected":false},"excerpt":{"rendered":"

        ThunderPlus Makes History: India’s First EV Charging CPO to Secure Institutional Debt Funding from State Bank of India Hyderabad, March 2026 \u2014 ThunderPlus, one of India’s fastest-growing EV charging infrastructure companies, has scripted a landmark moment for the electric mobility sector by becoming the first profitable Charge Point Operator (CPO) in the country to secure<\/p>\n","protected":false},"author":2,"featured_media":1151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-1150","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"_links":{"self":[{"href":"https:\/\/www.thunderplus.io\/blog\/wp-json\/wp\/v2\/posts\/1150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thunderplus.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thunderplus.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thunderplus.io\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thunderplus.io\/blog\/wp-json\/wp\/v2\/comments?post=1150"}],"version-history":[{"count":5,"href":"https:\/\/www.thunderplus.io\/blog\/wp-json\/wp\/v2\/posts\/1150\/revisions"}],"predecessor-version":[{"id":1161,"href":"https:\/\/www.thunderplus.io\/blog\/wp-json\/wp\/v2\/posts\/1150\/revisions\/1161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thunderplus.io\/blog\/wp-json\/wp\/v2\/media\/1151"}],"wp:attachment":[{"href":"https:\/\/www.thunderplus.io\/blog\/wp-json\/wp\/v2\/media?parent=1150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thunderplus.io\/blog\/wp-json\/wp\/v2\/categories?post=1150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thunderplus.io\/blog\/wp-json\/wp\/v2\/tags?post=1150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}