Evify, an electric vehicle logistics company, has secured $1.3 million in pre-Series A funding in a round led by GVFL and Piper Serica Angel Fund.
The round also saw participation from existing investors We Founder Circle and IVY Growth, along with several angel investors. Founded in 2021 by logistics expert Devrishi Arora and cleantech specialist Pragya Mittal, Evify focuses on transitioning India’s direct-to-consumer FMCG and e-commerce last-mile delivery to electric vehicles.
The funds will be used to expand operations across Gujarat and enhance product innovation, aiming to increase the fleet from 400 to 4,000 electric bikes by March 2025.
Evify, operational in Surat and Ahmedabad, collaborates with companies like Big Basket, Swiggy, Zomato, Flipkart, e-Com Express, and Blue Dart, with plans to onboard more e-commerce and pharma partners this year.
The company provides comprehensive logistics management solutions, including fleet and driver management, route optimization, battery management, telematics, and financial services.
Electric vehicle logistics firm Evify secures $1.3 million in a funding round led by GVFL and Piper Serica Angel Fund. The funds will be used to grow its fleet from 400 to 4,000 electric bikes by March 2025, expanding operations in Gujarat and focusing on product innovation. Evify, currently operational in Surat and Ahmedabad, collaborates with major e-commerce and FMCG companies. The company plans to onboard additional partners, increase headcount, and forge partnerships in the EV infrastructure sector beyond metropolitan areas in India.Evify is actively seeking partnerships with battery swapping companies, battery manufacturers, and vehicle and spare parts makers to strengthen EV infrastructure in India beyond metropolitan areas.
