Indian Transport & Logistics

EV tech logistics platforms EVIFY raises $100k in angel round

EVIFY aims to provide green logistics-based end-to-end services to all e-commerce giants across India

EV tech logistics platforms EVIFY raises $100k in angel round

EVIFY’s Co-Founder and CMO Pragya Mittal (left) with Founder and CEO Devrishi Arora 

EVIFY, a Surat-based tech-enabled Electric Vehicle (EV) logistics startup, has raised ₹8 million, translating to $100,000, in a seed round from angel investors like We Founder Circle. The capital raised through this funding round is going to be utilised majorly for technology development, team building and scaling up the company's operations.

EVIFY aims to provide green logistics-based end-to-end services to all the e-commerce giants of the country. Eveeto is the logistics solutions wing of Evify, which operates only EVs for deliveries. Evify is looking ahead to develop its platform more extensively by adding Geofencing, customised BMS, telematics, client insights and driver & fleet management. The platform counts around 3,00,000+ green km and 50,000+ green deliveries till April 2022.

This year, EVIFY has embarked on several huge partnerships with various leading industry giants. It includes the company's partnership with Swiggy, BigBasket, and Hero Electric. EVIFY has partnered with Swiggy to deliver their food orders through EVs in Surat, Gujarat. As per its partnership with Hero Electric, the company has signed an MOU to purchase 1000 electric scooters in the coming two years. These EVs will be deployed by EVIFY in various Tier 2 and Tier 3 cities. The company has also planned to develop the charging infrastructure in the prime locations of the city for better performance of its fleet.

Commenting on the same, Devrishi Arora, Founder and CEO of EVIFY, said, "This is a great start to the fiscal year for the company. Through this funding capital, we plan to upgrade and integrate technological advancements into our delivery operations such as geofencing, BMS, and fleet management."

Talking about the same, the Co-Founder and CMO of EVIFY, Pragya Mittal, stated, "We are focused on setting our strong foot in Surat in the coming months through this funding round and developing our SOPs for expansion in multiple cities, which includes Vadodara, Ahmedabad, and Rajkot."

EVIFY Logitech Pvt. Ltd. aims to transform the country's last-mile deliveries to be electric and environment-friendly. The platform is working towards improving the EV value chain with an emphasis on sustainability. The company is targeting to reconstruct the EV logistics domain with a special focus on driver safety and security, a constant effort to go carbon negative and accelerate technology support for client partners as well as its employees.

Read Full Article
Next Story
Share it