ZEVO, a tech-driven electric vehicle (EV) mobility platform, has raised $2 million in a pre-Series A funding round. This investment was led by Pegasus India Fund, alongside BizDateUp, JIIF, and a prominent family office.
The fresh capital infusion will be used to deploy 5,000 electric vehicles and establish key fulfilment centres, helping ZEVO scale its operations and enhance its delivery capabilities. Co-founded by Aditya Singh Ratnu and Dhruv Bhatia, the company focuses on building a sustainable, tech-enabled fleet of EVs to cater to various logistics and delivery needs.
As part of its growth strategy, ZEVO aims to upgrade its technological infrastructure to improve logistics efficiency and supply chain management. The platform is also expanding its footprint into new markets, with a particular focus on tier II and tier III cities in India, bringing its sustainable mobility solutions to a wider audience.
Looking ahead, ZEVO is planning to raise an additional $20 million by January 2025. This future round will support the company’s ambitious goal of scaling its fleet to 200,000 electric vehicles by 2030, positioning ZEVO as a key player in the EV supply chain ecosystem.
