EVINDIA Secures Undisclosed Amount in Pre-Seed Funding Round Led by EvolveX Accelerator
- ByStartupStory | July 25, 2023
EVINDIA, a pioneering social commerce startup in the electric vehicle (EV) sector, has successfully raised an undisclosed amount in its pre-seed funding round led by EvolveX Accelerator. The round also witnessed enthusiastic participation from prominent investors, including Neeraj Tyagi, Gaurav VK Singhvi, and Vikas Aggarwal. The funding will be strategically allocated towards accelerating product development, expanding business operations, fostering a supportive community, and building a robust creator economy within the EV space.
“We are immensely grateful for the unwavering trust shown by one of India’s prominent investors during the formative stages of our journey. Standing alongside their esteemed portfolio of EV startups is truly inspiring, and their unwavering support over the past year has been pivotal in our transformative 0 to 1 journey. As we embark on the next phase of EVINDIA, we eagerly rely on their continued guidance and backing,” said Tarpan Vyas, Founder and CEO of EVINDIA.
Based in Ahmedabad, EVINDIA is a dynamic social commerce platform addressing the market’s crucial need for relevant information and aiding prospective EV buyers in making informed decisions. The platform is committed to empowering individuals with the right knowledge to choose the perfect EV product that suits their requirements.
“EV is an emerging sector in India, with 2-wheelers claiming a significant share of the market. Platforms like EVINDIA bring a lot of innovation for consumers to confidently select their first 2-wheeler. Tarpan Vyas and his team have demonstrated exceptional vision and expertise in creating a platform that simplifies and enhances the EV ownership experience. At EvolveX, we firmly believe in their potential to make a significant impact in this space,” stated Bhawna Bhatnagar, Co-founder of EvolveX.
EvolveX Accelerator, founded by We Founder Circle, is a high-impact acceleration program that has been providing support to early-revenue startups from diverse sectors since its establishment in 2021.
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