ZEVO raised $2 M Pre-series A funding from Pegasus India Fund and others
The pre-Series A round of $2 million has been raised by ZEVO, a tech-enabled EV mobility platform, with the participation of Pegasus India Fund, BizDateUp, JIIF, and a family office.
The money raised will go toward building fulfillment centers in strategic areas and deploying 5,000 electric vehicles.
Founded by Aditya Singh Ratnu and Dhruv Bhatia, ZEVO operates a comprehensive fleet of electric vehicles, catering to diverse delivery needs with a strong focus on operational efficiency and sustainability.
ZEVO plans to modernize its technology infrastructure and make sure that supply chain management and logistics are optimized. In order to provide sustainable mobility solutions to a wider audience, the company intends to increase its footprint in tier II and tier III cities as well as move into new cities.
In the future, ZEVO is in discussions to raise $20 million by January 2025. With this new investment, the company will step up its efforts to become the market leader in the EV supply chain and meet its growth and sustainability targets, which include putting 200,000 electric cars on the road by 2030.
