EvolveX Accelerator, a startup accelerator led by the global community of successful founders & strategic angels, We Founder Circle (WFC), recently disclosed its investment in a Pre-Seed round of EVINDIA. EVINDIA is an influencer-driven social commerce platform catering to EV two-wheeler buyers.
EVINDIA garnered prominence as part of EvolveX’s Cohort 2, launched in September 2022. The Pre-Seed round received strong support from EvolveX Accelerator, as well as notable investors like Neeraj Tyagi, Gaurav VK Singhvi, and Vikas Aggarwal, who displayed their unwavering faith in EVINDIA’s innovative concept. This successful funding round has laid a robust foundation for EVINDIA’s growth, empowering them to further enhance their offerings and expand their operations.
EVINDIA, headquartered in Ahmedabad, is currently engaged in collaborations with esteemed brands and their dealers, including OLA Electric, Tork Motors, HOP Electric, and TVS. As the startup ventures into its next phase of development, it is actively seeking funding in their ongoing bridge round with a target of raising INR 1.25 Crore. The funds raised from this round will be strategically allocated towards various key areas, such as product development, business expansion, supporting the community, and fostering a creator economy.
Commenting on the investment, Bhawna Bhatnagar, Co-Founder of EvolveX, expressed her affirmation, stating, “EV is an emerging sector in India with 2-wheeler driving bigger pie in it. Platform like EVINDIA bringing lot of innovation for the consumer to make their firm decision of buying 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”.
Tarpan Vyas is a highly experienced professional with a track record of over a decade in high-growth, venture capital-backed startups, and successfully building communities on a national level. Vyas holds a vision of revolutionizing the way Indians select, own, and engage with electric vehicles through EVINDIA’s platform. The platform is passionately committed to delivering an unparalleled EV ownership experience to its community of EV owners.
On the fundraise, Tarpan Vyas, Founder and CEO of EVINDIA affirmed “We are deeply gratified by the unwavering trust shown by one of India’s prominent investors during the idea stages of our journey. Being 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.”
EVINDIA’s collaboration with EvolveX Accelerator demonstrates EvolveX’s dedication to nurturing pioneering startups and propelling the advancement of the Indian startup ecosystem. With their invaluable support, EVINDIA is positioned to revolutionize the electric vehicle market and expedite the adoption of sustainable transportation solutions throughout India.
