Friday, Mar 29 2024 | Time 15:11 Hrs(IST)
image
Press Releases » PNN


EVIFY sets stone for expansion through its next fund raise

Devrishi Arora, Co-founder and CEO, Pragya Mittal, Co-founder & CMO

Surat (Gujarat) [India], March 24: EVIFY, an tech braced EV logistics startup, raised 200,000 in a Seed funding round led by We Founder Circle. The round also witnessed participation from an array of esteemed angel investors like Apurva Arora, Jayesh Gulabani and Rajeev Mehta. The company has raised 300000 till now through various investors.

This investment round’s proceeds will primarily be used for the expansion of the company’s operations in Ahmedabad. A part of the freshly raised investment will also be directed towards development of a full stack tech platform which would help them to scale in multiple locations, said Pragya Mittal, co-founder and CMO, Evify.

“This is a great end to fiscal year for the company. We have been working on adding technological advancements into our delivery operations through the use of telematics device to create a tech enabled fleet management system which will revolutionize the unorganized logistics market,” said Devrishi Arora, co-founder and CEO, EVIFY.

EVIFY plans to have a fleet of 2000 vehicles deployed successfully in Surat, Ahmedabad, Vadodara and Rajkot by the end of 2024.

Evify is the largest EV fleet service provider in Gujarat and also India’s 1st carbon negative EV fleet owner. The company also plans to generate carbon credits in the near future.

Evify solely uses electric vehicles (EVs) for deliveries. Their aim is to decarbonize last mile deliveries in all the major Tier II cities of India. With this aim, they have been operational in Surat for more than a year now servicing e-commerce behemoths like Swiggy, Zomato, Bluedart, Big Basket, Flipkart and Ecom- Express. Up till Feb 2023, the platform has tracked over 300,000 green deliveries and over 16,66,000 green kilometers.

The company has recently started its operations in Ahmedabad with Big basket and Flipkart. All other clients are in the pipeline with whom the deployment is planned in the coming months.

If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

Disclaimer: This is syndicated feed from PR agency and any legal liability for the content is theirs only.

More News

Flamingo Transworld launches tours to some of the finest destinations to explore in 2024

29 Mar 2024 | 11:15 AM

Flamingo Transworld launches tours to some of the finest destinations to explore in 2024

see more..

Asian Granito India Ltd Welcomes Bollywood Star Ranbir Kapoor as Brand Ambassador

29 Mar 2024 | 11:50 AM

Asian Granito India Ltd Welcomes Bollywood Star Ranbir Kapoor as Brand Ambassador

see more..

Youmaa Announces Genelia Deshmukh as Brand Ambassador, Revolutionizing Kids' Fashion

29 Mar 2024 | 12:49 PM

Youmaa Announces Genelia Deshmukh as Brand Ambassador, Revolutionizing Kids' Fashion

see more..

Hrithik Roshan to continue as brand ambassador for Clear Premium Water

29 Mar 2024 | 12:49 PM

Hrithik Roshan to continue as brand ambassador for Clear Premium Water

see more..

HRH NEXT Services Limited Unveils State-of-the-Art Delivery Center in Tumkur, Amplifying Bangalore Operations

29 Mar 2024 | 2:03 PM

HRH NEXT Services Limited Unveils State-of-the-Art Delivery Center in Tumkur, Amplifying Bangalore Operations

see more..
image