ZEVO, a tech-enabled electric vehicle (EV) mobility platform, has raised $2 million in its pre-Series A funding round led by Pegasus India Fund, BizDateUp, JIIF, and a family office.
The funds will be utilized to deploy 5,000 electric vehicles and develop fulfillment centers across key locations, enhancing the company’s operational capabilities.
Founded by Aditya Singh Ratnu and Dhruv Bhatia, ZEVO operates a diverse fleet of electric vehicles designed to meet various delivery needs while prioritizing operational efficiency and sustainability. The platform aims to upgrade its technological infrastructure to optimize logistics and supply chain management.
ZEVO plans to expand its footprint to new cities and strengthen its presence in tier II and tier III locations, making sustainable mobility solutions accessible to a broader audience.
Looking ahead, ZEVO is in discussions to raise $20 million by January 2025, which will support its ambition to dominate the EV supply chain market and help the company reach its sustainability goal of having 200,000 electric vehicles on the road by 2030.
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