Logistics startup Pickkup has successfully raised $500,000 in a seed funding round led by We Founder Circle (WFC), with participation from other angel investors. The company announced in a press release that the fresh capital will be strategically allocated to expanding its electric fleet, strengthening its team, and investing in advanced technology to enhance logistics efficiency.
Co-founded by Ankush Sharma, Chandra Shekhar, and Upma Sharma, Pickkup is committed to revolutionizing the logistics sector by operating a 100% electric fleet. By leveraging cutting-edge technology, the startup aims to optimize delivery operations, reduce carbon footprints, and actively contribute to environmental sustainability.
With the growing demand for eco-friendly logistics solutions, Pickkup seeks to make a significant impact by developing a sustainable, tech-driven logistics ecosystem. The company focuses on maximizing fleet utilization while minimizing environmental impact, ensuring its electric vehicles remain operational for the maximum number of hours daily. This approach leverages the low operating costs of EVs to enhance efficiency and affordability.
Founded in 2020, We Founder Circle (WFC) is an early-stage investment platform that offers mentorship and funding to startups with high growth potential. The VC firm typically invests between $250,000 and $2 million in promising startups with a focus on sustainability and strategic growth. To date, WFC has facilitated $50 million worth of investments across over 150 deals. Some of its notable investments include BluSmart, Zypp Electric, Kazam, Gauda Aerospace, Pixxel SpaceTech, and Qpi Quantum Computing.
With this latest funding round, Pickkup is poised to scale its operations, drive technological advancements in logistics, and contribute to the broader adoption of electric vehicles in the industry.
