RIOD Launches Dynamic UPI Payments on Its EV Chargers

• A fresh QR code for every session, instead of a fixed printed sticker.
• The price before the charge: drivers see the unit rate and exact cost before paying.
• Pay by amount or by time, with any UPI app.
• Charging starts automatically within a few seconds of payment.
• Stop anytime, and the unused amount is credited back.
• No app, RFID card or sign-up needed, though drivers who sign up get a full charging history.
• Automatic reconciliation of every payment against its session.
• Payouts to hosts within 2 days, and within 7 days at most.

Most UPI-enabled chargers today use a static QR code, a printed sticker that stays the same for every session. It looks simple, but it leaves both sides in the dark.

For drivers, there is no way to know the unit rate, how much energy they will get or what the session will really cost before they pay.

For hosts, the problem shows up later. Payments land in an account with nothing tying them to a specific session, so matching money to actual charging becomes manual work. Many hosts and installers who run chargers end up chasing settlements and waiting to be paid.

RIOD chargers generate a fresh QR code for every session. That code carries the details of that one session on that one charger, so the driver knows exactly what they are paying for, and every rupee is accounted for on the host side.

If the driver needs to leave early, they can stop the session at any time, and the unused amount is credited back to their account.

No charging app, RFID card or account is needed to charge. Drivers who choose to sign up also get a full, detailed charging history and reports through the RIOD platform.

• Scan the code on the charger.
• Choose an amount or a charging time.
• See the unit rate and the exact cost of the session.
• Pay with any UPI app.
• Charging starts automatically within a few seconds.

For the host who owns the charger, dynamic UPI changes the economics. Every payment is reconciled automatically against its session, and payouts arrive within 2 days, and within 7 days at most. No more chasing settlements or matching payment screenshots to sessions.

“Paying for a charge should be as simple as paying for anything else in India,” said Akhil Joy, CEO of RIOD Logic. “Dynamic UPI makes the price clear for the driver and gets the money to the host quickly. That is what makes public charging work as a business.”

• Price shown before paying: static QR, no. Dynamic UPI, yes, unit rate and exact cost.
• Payment linked to a session: static QR, no. Dynamic UPI, yes, one QR per session per charger.
• Reconciliation for hosts: static QR, manual matching. Dynamic UPI, automatic.
• Payout to hosts: static QR, hosts often wait to be paid. Dynamic UPI, within 2 days, 7 days at most.
• Stopping early: with dynamic UPI, the unused amount is credited back to the driver.

Dynamic UPI comes on chargers built at our new manufacturing facility at Nedumbassery, alongside features that make chargers easier to run day to day.

• Community mode for apartments, offices and housing societies that share chargers among residents
• Secure charging, with secure communication between the charger and the cloud
• RIOD charging management platform, where hosts and signed-up drivers see sessions, history and reports

If you host chargers, run a charging network or manage chargers for an apartment or office, and want payments that reconcile themselves, we would like to hear from you. Write to us at hello@riod.in and our team will get back to you.

The launch was covered by ETElectronics.

RIOD Logic Pvt Ltd designs and manufactures EV charging and energy systems, along with the electronics, firmware, cloud platforms and operations software behind them, all developed in-house. The company is headquartered at Infopark Thrissur, Kerala, and its manufacturing subsidiary is at Vengoor, Nedumbassery.