Summary:

  • ZEVO was founded by Aditya Singh Ratnu and Dhruv Bhatia, who envisioned a platform that leverages the power of electric vehicles

  • This round was led by was led by Pegasus India Fund, along with contributions from BizDateUp, JIIF.

  • The newly acquired capital will play a pivotal role in scaling ZEVO’s operations, as the company plans to deploy 5,000 electric vehicles

ZEVO, a rapidly growing tech-enabled EV mobility platform, has successfully raised $2 million in a pre-Series A funding round. This round was led by Pegasus India Fund, along with contributions from BizDateUp, JIIF, and a prominent family office. The newly acquired capital will play a pivotal role in scaling ZEVO’s operations, as the company sets ambitious plans to deploy 5,000 electric vehicles across various key locations. Additionally, the funds will help in establishing strategically located fulfillment centers, which will enhance the company’s ability to meet the growing demand for eco-friendly delivery services.

ZEVO was founded by Aditya Singh Ratnu and Dhruv Bhatia, who envisioned a platform that leverages the power of electric vehicles (EVs) to drive efficiency in the logistics and delivery industry. ZEVO’s fleet of EVs is designed to cater to a wide range of delivery needs, providing a reliable solution that aligns with both economic and environmental sustainability goals. The company’s focus on operational efficiency, combined with a strong commitment to reducing carbon footprints, sets it apart in the EV mobility sector. ZEVO is positioning itself as a key player in the evolving landscape of green transportation, where sustainability and advanced technology go hand-in-hand.

One of the key components of ZEVO’s strategy is to invest in upgrading its technological infrastructure. The company is committed to ensuring that its logistics and supply chain management processes are optimized for maximum efficiency. This involves implementing cutting-edge technology that will streamline operations and enhance its ability to deliver goods more quickly and cost-effectively. By improving its tech capabilities, ZEVO aims to not only meet customer demands but also set new benchmarks in the electric vehicle logistics space. These upgrades are expected to provide a solid foundation for the company’s planned expansion and enable it to handle larger fleets and more complex operations in the future.

ZEVO’s growth strategy also includes expanding its presence in new cities, particularly in tier II and tier III regions. These underserved markets present a significant opportunity for ZEVO to introduce its sustainable mobility solutions to a broader audience. By bringing its EV fleet to these areas, the company hopes to drive widespread adoption of eco-friendly transportation and contribute to the country’s ongoing efforts to reduce carbon emissions. This expansion will also allow ZEVO to tap into new customer segments, helping it solidify its presence as a leader in the EV mobility industry.

Looking ahead, ZEVO has even bigger plans for the future. The company is currently in discussions to raise an additional $20 million by January 2025. This next round of funding will be instrumental in helping ZEVO accelerate its mission of becoming a dominant force in the EV supply chain market. The future investment will allow ZEVO to further ramp up its vehicle deployment and infrastructure development, setting the stage for continued growth. By 2030, ZEVO aims to have an impressive 200,000 electric vehicles on the road, making a substantial impact on reducing emissions and transforming the logistics and delivery sector.

ZEVO’s commitment to sustainability and technological innovation positions it well for future success. With strong backing from investors and a clear roadmap for growth, the company is poised to become a leader in the EV mobility space. As it continues to expand and evolve, ZEVO is not only contributing to a greener future but also redefining the logistics industry with its forward-thinking approach.