EV logistics startup EVIFY raises $100,000 in seed funding
- ByStartupStory | August 1, 2022
EVIFY, an EV logistics startup, has raised $100,000 in a Seed round of funding led by We Founder Circle.
Angel investors such as Gaurav Singhvi, Gaurav Juneja, Saurabh Agarwal, and Rajeev Goel also participated in the financing round. The funds raised will be used to expand the company’s operations, build a team, and develop technology.
The surat-based startup also partnered with many other industry players, including Hero Electric, BigBasket, and Swiggy, the release mentioned.
“We are focused on setting our strong foot in Surat and developing our SOPs for expansion in the coming months in multiple cities which includes Vadodara, Ahmedabad, and Rajkot,” said, Pragya Mittal, Co-founder and CMO at EVIFY
Gaurav VK Singhvi, Co-founder of We Founder Circle said “As awareness of the concept spreads, the company will experience exponential growth,”. Supporting brands like EVIFY are not only an investment, but also a responsibility.”
According to the release, the startup intends to use these EVs in Surat before expanding to Ahmedabad and Vadodara in the coming months. By the end of 2023, EVIFY intends to have a fleet of 2000 vehicles. The company also intends to decarbonize their fleet by purchasing credits, and the carbon neutrality report will be released soon. According to a company statement, the platform has tracked over 70,000 green deliveries and over 3,80,000 green kilometres up to 2022.
ABOUT EVIFY
Founded in 2018 by Mr. Devrishi Arrora, Mr. Vineet Mittal and CA Pragya Mittal. 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.
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