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India-based electric supply chain and warehousing platform, ZEVO has raised an undisclosed amount in its fresh round of funding from Agility Ventures.
The platform plans to use the funding to expand its fleet of electric vehicles & micro storages, focusing on last-mile delivery and integrated logistics solutions along with electric refrigerated deliveries.
Speaking on investing in ZEVO, Dhianu Das of Agility Ventures said, “As investors, we are thrilled to be part of Zevo India’s journey. We chose to invest in Zevo because of its unique and forward-thinking approach to revolutionizing the logistics sector in India. Their commitment to sustainability, innovative use of electric vehicles, and end-to-end supply chain solutions align perfectly with our vision for the future of logistics. We believe that Zevo’s expertise and offerings have the potential to transform the industry, and we are excited to support their growth as they lead the way towards a greener, more efficient, and cost-effective logistics landscape in India.”
Commenting on the funding round, Aditya Singh Ratnu, CEO of ZEVO said, “Securing funding from Agility Ventures is a significant milestone for ZEVO. This investment will empower us to scale our operations and expand our reach, driving us closer to our vision of transforming the logistics and mobility landscape in India. We are excited to continue our mission of providing sustainable, efficient, and reliable supply chain solutions to our valued customers.”
“With this funding, ZEVO is poised for accelerated growth and is committed to contributing to a greener and more sustainable future in the logistics and mobility industry. It will be utilized towards the expansion of ZEVO’s fleet of electric vehicles to 1000 3W & 4W with a particular focus on enhancing last-mile delivery and integrated logistics capabilities. This strategic investment will enable ZEVO to meet the growing demand for sustainable transportation solutions and to establish micro storages, further strengthening its commitment to efficient and eco-friendly supply chain solutions,” further added.
“We are already delivering for some of India’s largest and most successful companies and we believe there is a significant demand surge from Tier-2 cities in the years to come. ZEVO is uniquely positioned to stitch an end-to-end solution to enable businesses to go electric in their middle and last-mile operations and provides game-changing solutions for micro-warehousing at the point of consumption,” Ratnu continued.