On Wednesday, the angel investment group Agility Ventures provided an undisclosed sum of money to the firm ZEVO, which specializes in the warehouse and supply chain for electric vehicles.
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The business’s objective is to make it easier for companies to switch to zero-emission automobiles throughout their supply chains, as per reported by BW Disrupt.
With the latest infusion of cash, ZEVO intends to expand its fleet of electric vehicles, with a goal of reaching 1000 units. Three-wheelers and four-wheelers are included in this fleet expansion, which aims to improve the company’s last-mile delivery capabilities.
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The CEO of ZEVO, Rantu, emphasized the company’s continued operations for some of the most well-known and successful businesses in India. In the following years, Rantu predicts a significant increase in demand from Tier-2 cities.
This fundraising round is an essential turning point for ZEVO as it works to establish its position in the industry of the supply chain for electric vehicles and advance the adoption of environmentally friendly transportation options.
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About Zevo
The first electric vehicle supply chain as a service platform in India, ZEVO – ZERO EMISSION VEHICLE OPERATIONS, enables end-to-end supply chain solutions, including first-mile procurement, last-mile delivery, temperature-controlled refrigerated delivery, forward and reverse logistics, and electrification of the agricultural supply chain.
The main source of greenhouse gases in India’s supply chain is transportation; therefore, converting the whole supply chain from fossil fuels to electricity will result in a considerable reduction in emissions for a sustainable future.
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