[Funding alert] EV Startup EVIFY raises $100K in seed round

EV logistics startup EVIFY has raised $100000 in its seed funding round from We Founder Circle.

The round also saw participation from angel investors such as Saurabh Agarwal, Rajeev Goel, Gaurav Singhvi, Gaurav Juneja, and others.

The startup plans to use the funds for expanding the company’s operations, team building and technological development.

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The Surat-based EVIFY was founded in 2021 by Devrishi Arora, Vineet Mittal and Pragya Mittal, It is an Electric Vehicle (EV) logistics startup that provides solutions to e-commerce giants using its fleet of EVs.

It is currently building a technology platform to track and analyze the status of EVs, their battery quality, optimizing delivery routes, etc.

“This is a great start to fiscal year for the company. We have been working on adding technological advancements into our delivery operations such as geofencing, BMS and fleet management to revolutionize the unorganized logistics market,” said Devrishi Arora, co-founder and CEO, EVIFY.

The startup plans to have a fleet of 2000 vehicles by the end of 2023. It aims to decarbonize its fleet by buying credit and the report on carbon neutrality will be released soon.

The company has claimed in a statement that by 2022, the platform has tracked over 70,000 green deliveries and over 3,80,000 green kilometres.

EVIFY has tied up with several big players like Hero Electric, BigBasket and Swiggy.

“As the country is moving towards greener solutions, the brands like EVIFY will play a vital role. It is amazing how the very enthusiastic co-founders’ team has innovated and is delivering a genuine solution in the logistics growth. It is not just an investment but a responsibility to support brands like EVIFY,” said Gaurav VK Singhvi, co-founder, We Founder Circle.

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About EVIFY

Evify is a Tech braced Logistics start-up with the mission to bring an unorganised and unsystematic Indian logistics sector on a digital transparent platform while being environmentally sustainable in ways of conducting operations.

The Founder of the company is Mr. Devrishi Arrora along with co-founders Mr. Vineet Mittal and CA Pragya Mittal. Their vision is to become a one stop – environment friendly – end-to-end logistics solutions provider – be it vehicles, charging stations, tech or green warehouses space provider. Going green is not only the need of the hour, it also helps bring down freights overall cost.

Associating with an environmentally responsible start-up like ours will give any business an edge in terms of reducing their own carbon footprint and passing on the economic benefit to their customers. They provide man-power (delivery personnel) along with transportation service – making client’s life easier and more productive. Working mainly in Intracity, First mile, Mid mile & Last mile logistics segments, Evify will be using only Electric Vehicles and will provide Man-Power in order to fulfil transport orders.