In a pre-seed funding led by EvolveX Accelerator, EV startup EVINDIA secured an undisclosed amount. Neeraj Tyagi, Gaurav VK Singhvi, and Vikas Aggarwal were among the investors who took part in the round.
The money raised will be wisely invested in the creation of a creative economy, product development, business growth, and community support, as reported by Entrepreneur.com
“We are deeply gratified by the unwavering trust shown by one of India’s prominent investors during the idea stage of our journey. Being alongside their esteemed portfolio of EV startups is truly inspiring, and their unwavering support over the past year has been pivotal in our transformative 0 to 1 journey. As we embark on the next phase of EVINDIA, we eagerly rely on their continued guidance and backing,” said Tarpan Vyas, founder and CEO, EVINDIA.
EVINDIA, situated in Ahmedabad, is a platform for social commerce that will close the information barrier in the industry and assist potential EV purchasers in selecting the best goods for their needs.
“EV is an emerging sector in India with 2-wheeler driving a bigger pie in it. Platforms like EVINDIA bring a lot of innovation for the consumer to make their firm decision of buying their first 2-Wheeler. Tarpan Vyas and his team have demonstrated exceptional vision and expertise in creating a platform that simplifies and enhances the EV ownership experience. At EvolveX, we firmly believe in their potential to make a significant impact in this space,” said Bhawna Bhatnagar, co-founder, EvolveX.
In 2021, EVINDIA was founded. It is a platform for social commerce that closes the informational gap in the market and assists prospective EV buyers in selecting the best product for their needs. They have also recognized the issues that different EV industry stakeholders, including OEMs, distributors, governments, and end users, have with adopting electric vehicles in India and are attempting to resolve them with our special market solution.