EV Supply Chain, Warehousing Startup Zevo Secures Funding From Agility Ventures
With the recent funding injection, ZEVO plans to bolster its electric vehicle fleet, aiming to scale it up to 1000 units
ZEVO, a startup focused on the electric vehicle supply chain and warehousing, on Wednesday secured an undisclosed amount of funding from the angel fund Agility Ventures.
The company, co-founded by Aditya Singh Ratnu and Dhruv Bhatia, operates with the mission of facilitating the transition to zero-emission vehicles throughout the supply chain process for businesses.
With the recent funding injection, ZEVO plans to bolster its electric vehicle fleet, aiming to scale it up to 1000 units. This fleet expansion encompasses both three-wheelers and four-wheelers, a move intended to reinforce the company's last-mile delivery capabilities.
Rantu, ZEVO's CEO, emphasised the company's ongoing operations for some of India's most prominent and accomplished enterprises. Rantu also anticipates a substantial surge in demand from Tier-2 cities in the upcoming years.
This funding round marks a significant step for ZEVO as it continues to solidify its presence in the electric vehicle supply chain sector and contribute to the wider adoption of sustainable transportation solutions.