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Pickkup, a leading mid-mile and last-mile logistics solutions provider has raised $500,000 funding in its seed round led by We Founder Circle (WFC).
The funding round also saw participation from marquee angel investors from India, Australia, and the USA.
The funds will help the company grow its electric vehicle (EV) fleet, expand its team and invest in new technology to improve logistics. Pickkup aims to reduce the environmental impact of light commercial vehicle (LCV) deliveries by using electric vehicles.
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"Pickkup represents the future of logistics with its unwavering focus on sustainability and operational excellence. At We Founder Circle, we have been constantly investing in the logistic sector and created good success stories like Zypp Electric, Evify, Traqo and we believe Pickkup is all set to create big impact with its tech-driven approach to decarbonizing logistics," said Neeraj Tyagi, co-founder and CEO, We Founder Circle.
Ankush Sharma, co-Founder and CEO of Pickkup, said," The funding would help optimise fleet utilisation and ensure electric vehicles are operational for as many hours as possible each day. With this funding, we aim to maximise the operational capacity of our EVs, which is key to improving both efficiency and affordability."
About Pickkup
Founded in 2021 by Ankush Sharma (CEO), Chandra Shekhar (CTO) and Upma Sharma (COO), Pickkup aims to change logistics by using a 100% electric fleet, adding advanced technology to boost delivery efficiency, and supporting decarbonization. With the rising demand for eco-friendly logistics, the company plans to make a big impact in the industry.
About We Founder Circle
Established in 2020, We Founder Circle helps new startups by giving them advice and investment. It puts $250,000 to $2 million into early-stage companies that have big dreams, care about sustainability and have a smart plan. The company has helped make $50 million in investments across more than 150 startup deals.
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