Surat-based startup EVIFY raises INR 80 Lakh to accelerate EV operations
EVIFY wants to deliver end-to-end green logistics services to all of the country's e-commerce heavyweights
EVIFY, a Surat-based tech-enabled EV logistics firm, has secured a seed round of 80 lakhs from angel investors such as We Founder Circle. The funds raised in this round will be used primarily for technological development, team building, and scaling out the company's operations.
EVIFY wants to deliver end-to-end green logistics services to all of the country's e-commerce heavyweights. Eveeto is Evify's logistics solutions division, and it solely uses Electric Vehicles (EVs) for delivery. Evify intends to expand its platform by integrating Geofencing, customised BMS, telematics, client analytics, and driver & fleet management. Until April 2022, the platform has logged over 3,000,000 green kilometres and 50,000 green deliveries.
"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," said Devrishi Arora, Founder and CEO of EVIFY
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 a 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.
Pragya Mittal, Co-Founder and CMO, EVIFY said, "We are focused on setting our strong foot in Surat in the coming months through this funding round and develop our SOPs for expansion in multiple cities which includes Vadodara, Ahmedabad, and Rajkot. "
EVIFY Logitech Pvt. Ltd. intends to make the country's last-mile delivery electric and environmentally benign. With a focus on sustainability, the platform is trying to improve the EV value chain. The firm intends to rebuild the EV logistics sector with a specific emphasis on driver safety and security, as well as to make continuous efforts to go carbon negative and to expedite technological support for client partners and employees.