The pre-Series A round of $2 million has been raised by ZEVO, a tech-enabled EV mobility platform, with the participation of Pegasus India Fund, BizDateUp, JIIF, and a family office.
The money raised will go toward building fulfillment centers in strategic areas and deploying 5,000 electric vehicles.
Read also – TDV Partners Launches Rs 50 Crore New Fund
ZEVO plans to modernize its technology infrastructure and make sure that supply chain management and logistics are optimized. In order to provide sustainable transportation options to a wider audience, the company intends to increase its footprint in tier II and tier III cities as well as move into new cities.
Aditya Singh Ratnu and Dhruv Bhatia founded ZEVO, which has a large fleet of electric cars and serves a variety of shipping requirements with an emphasis on sustainability and operational effectiveness.
By January 2025, ZEVO hopes to have raised $20 million through discussions. With this additional investment, the business will step up its efforts to dominate the EV supply chain industry and meet its expansion and long-term sustainability targets.
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