ZEVO Secures Funding from Agility Ventures to Drive Sustainable Supply Chain Solutions Expansion
- ByStartupStory | August 23, 2023
ZEVO, the pioneering electric supply chain and warehousing platform, has successfully raised funding from Agility Ventures, a leading Angel Fund in India. The newly acquired funding will propel ZEVO’s growth by expanding its fleet of electric vehicles and micro storages. The focus will be on enhancing last-mile delivery, integrated logistics solutions, and introducing electric refrigerated deliveries.
Unveiling a distinctive approach, ZEVO is reshaping supply chain dynamics by employing electric vehicles across diverse sectors, with a specialized focus on refrigerated solutions. The platform offers an integrated suite of services including zero-emission vehicles for operations, EV charging powered by renewable energy, real-time monitoring, temperature-controlled refrigerated delivery, and micro storage solutions. By leveraging innovation and technology, ZEVO aims to revolutionize the supply chain network, ensuring customer satisfaction, reliability, and sustainability.
Founded by Aditya Singh Ratnu and Dhruv Bhatia, with guidance from Dr. Diwakar Dadoo and Mr. IV Rao, industry experts from Brand Capital and Maruti Suzuki respectively, ZEVO embodies a blend of expertise and experience that has positioned it as a front-runner in sustainable logistics and mobility solutions.
ZEVO’s mission is to deliver cost-effective, swift, and environmentally friendly transport and micro-storage solutions. With an ambitious vision to rank among the top three logistics and mobility brands in India by 2030, ZEVO is dedicated to making a positive environmental impact and contributing to India’s NET-ZERO goals.
“As investors, we are thrilled to be part of Zevo India’s journey. We chose to invest in Zevo because of their unique and forward-thinking approach to revolutionizing the logistics sector in India. Their commitment to sustainability, innovative use of electric vehicles, and end-to-end supply chain solutions align perfectly with our vision for the future of logistics. We believe that Zevo’s expertise and offerings have the potential to transform the industry, and we are excited to support their growth as they lead the way towards a greener, more efficient, and cost-effective logistics landscape in India.” – Dhianu Das, Agility Ventures.
Aditya Singh Ratnu, CEO of ZEVO, stated, “Securing funding from Agility Ventures is a significant milestone for ZEVO. This investment will empower us to scale our operations and expand our reach, driving us closer to our vision of transforming the logistics and mobility landscape in India.”
With the newfound funding, ZEVO is poised for accelerated growth, focusing on expanding its electric vehicle fleet to 1000 3W and 4W vehicles. The emphasis will be on enhancing last-mile delivery and integrated logistics capabilities. This strategic investment positions ZEVO to cater to the burgeoning demand for sustainable transportation solutions, while also establishing micro storages to fortify its commitment to environmentally friendly supply chain solutions.
Singh further emphasized the market potential driven by the adoption of EV mobility and ZEVO’s unique positioning to facilitate businesses in transitioning to electric middle and last-mile operations.
About ZEVO India:
ZEVO, or ZERO EMISSION VEHICLE OPERATIONS, is India’s premier Electric Vehicle Supply Chain as a service platform. It offers end-to-end supply chain solutions encompassing first-mile procurement, last-mile delivery, temperature-controlled refrigerated delivery, forward and reverse logistics, and agricultural supply chain electrification. ZEVO’s innovative approach incorporates real-time visibility, technological integration, and efficient exchange of information between clients and vendors, underpinning the transformation of the supply chain network.
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