ZEVO, an innovative electric vehicle (EV) mobility platform, has successfully raised $2 million in its pre-Series A funding round. The investment was led by prominent backers including Pegasus India Fund, BizDateUp, JIIF, and a family office. This capital infusion will support ZEVO’s ambitious expansion plans to deploy 5,000 electric vehicles and establish fulfillment centers in strategic locations.
About ZEVO
ZEVO was co-founded by Aditya Singh Ratnu and Dhruv Bhatia with a vision to transform logistics and supply chain management. The company operates a diverse fleet of electric vehicles, focusing on enhancing operational efficiency while promoting sustainability. ZEVO’s innovative approach streamlines delivery operations, making it a frontrunner in the EV and logistics sector.
Expansion and Future Plans
ZEVO’s growth strategy includes expanding into new urban centers while strengthening its presence in tier II and tier III cities to meet the increasing demand for sustainable mobility solutions. By combining cutting-edge technology with environmentally friendly practices, ZEVO aims to set new standards for the logistics and supply chain industry.
Also Read: Health-tech Startup Ai Health Highway Secures $1 Million in Pre-Series A Round
Founded in 2018 by Satish Jeevannavar, Ai Health Highway is at the forefront of developing tech-enabled tools that aid in the early detection of NCDs.
Looking ahead, ZEVO is in discussions to secure a substantial $20 million investment by January 2025. This funding will further elevate ZEVO’s position in the EV supply chain market, propelling its goal of deploying 200,000 electric vehicles by 2030.
With its forward-thinking approach and focus on sustainable innovation, ZEVO is set to redefine industry standards and play a key role in the transition to eco-friendly logistics solutions.
