We Founder Circle Leads $100K Seed Round For EV Firm EVIFY
This investment round's proceeds will primarily be used for the expansion of the company's operations, and team building. A part of the freshly raised investment will also be directed towards technological development
EVIFY, an EV logistics Startup located in Surat, raised $100k in a seed round led by We Founder Circle. The round also witnessed participation from an array of esteemed angel investors like Gaurav Singhvi, Gaurav Juneja, Saurabh Agarwal, Rajeev Goel to name a few. This investment round's proceeds will primarily be used for the expansion of the company's operations, and team building. A part of the freshly raised investment will also be directed towards technological development.
EVIFY has entered into a number of significant relationships this year with several global industry titans. This includes the company's affiliations with Hero Electric, BigBasket, and Swiggy. In Surat, Gujarat, EVIFY and Swiggy have teamed up to deliver food orders using EVs.
“As the country is moving towards greener solutions, the brands like EVIFY will play a vital role. It is amazing how the very enthusiastic co-founders’ team has innovated and is delivering a genuine solution in the logistics space. As the awareness around the concept spreads, the brand will witness exponential growth. It is not just an investment but a responsibility to support brands like EVIFY,” said CA Gaurav VK Singhvi, Co-founder, We Founder Circle
Commenting on the same, Devrishi Arora, Co-Founder and CEO of EVIFY said, “This is a great start to the fiscal year for the company. We have been working on adding technological advancements into our delivery operations such as geofencing, BMS, and fleet management to revolutionize the unorganized logistics market.”
Talking about the same, the Co-Founder and CMO of EVIFY, Pragya Mittal stated, “We are focused on setting our strong foot in Surat and develop our SOPs for expansion in coming months in multiple cities which includes Vadodara, Ahmedabad, and Rajkot. ”