[Funding alert] EV startup EVage raises $28 mn seed funding led by RedBlue Capital

EV startup EVage has raised $28 million seed round funding led by RedBlue Capital.

EV startup EVage was founded by Inderveer Singh, Pulkit Srivastava & Harnoor Kaur in 2014.

EVage is India's leading all-electric, purpose-built commercial vehicle OEM and has fused automobile designing with the ingenuity of aerospace engineering to reimagine and transform the mobility industry.

This has led the company to pioneer breakthrough products like the modular single skateboard capable of building multiple vehicle types, a lightweight yet tough exoskeleton covered with an innovative space-grade composite material, ultra-stable and fast-charging batteries with advanced chemistry; all manufactured in their super-efficient Modular Micro Manufacturing factory set up.

Their 'Exoskeleton Structure' serves as an economical common architecture for SUVs, vans, delivery vehicles, or trucks. Currently, the company employs around 50 people from aeronautics and automobile backgrounds at its R&D and Robotics center in Punjab, India.