In a significant stride towards transforming India’s last-mile delivery landscape, EVIFY, the Surat-based electric vehicle logistics tech startup, has successfully raised $1.3 million in a pre-Series A funding round. Co-led by GVFL and Piper Serica Angel Fund, with additional support from existing investors We Founder Circle, IVY Growth, and other angel investors, this funding injection is set to propel EVIFY’s mission to transition D2C/FMCG/E-commerce last-mile delivery to electric vehicles.
Founded in 2021 by Devrishi Arora and Pragya Mittal, EVIFY is not just another startup in the EV space. It is a visionary force committed to making a carbon-negative impact on India’s electric vehicle logistics sector through innovative technology. The latest infusion of capital will be strategically utilized to expand operations across Gujarat and fuel further product innovation.
At its core, EVIFY provides a comprehensive logistics management solution encompassing fleet and driver management, route optimization, battery management, telematics, and financial services. This holistic approach positions EVIFY as a game-changer in the industry, addressing the diverse needs of its clientele in the fast-paced world of last-mile delivery.
One of EVIFY’s key objectives is to foster collaborations with ancillary industries, such as battery-swapping companies, manufacturers, and vehicle and spare parts makers. This strategic approach aims to build the necessary infrastructure for electric vehicles in India, signalling a commitment to sustainable and environmentally friendly logistics solutions.
Currently operational in Surat and Ahmedabad, EVIFY plans to grow its fleet from 400 to an impressive 4,000 electric bikes by March 2025. The startup has already left its mark by partnering with major players like Big Basket, Swiggy, Zomato, Flipkart, E-com Express, and Blue Dart. With approximately 500 delivery partners already on board, EVIFY envisions expanding its workforce tenfold by the end of the year.
In conclusion, EVIFY’s recent funding success is not just a financial milestone; it’s a testament to the growing importance of electric vehicles in the logistics sector. As the startup sets its sights on a carbon-negative future, its commitment to technological innovation and sustainable solutions positions EVIFY as a force to be reckoned with in the electric vehicle logistics landscape. The $1.3 million boost is not just an investment in a company; it’s an investment in a greener, more sustainable future for last-mile delivery in India.
