A Mohali-based mid-mile and last-mile logistic startup, Picckup, on Thursday, raised $500K in series seed round funding led by We Founder Circle (WFC), with participation from marquee angel investors from India, Australia, and the USA.
The company plans to use the capital to expand its electric fleet, strengthen its team, and invest in technology to enhance logistics operations.
Speaking on the fundraise, Ankush Sharma, Co-Founder, and CEO, Pickkup.io said, “With this funding, we aim to optimize cross-utilization of our electric vehicles, ensuring they are operational for the maximum number of hours daily—a move that leverages the low operating costs of EVs for enhanced efficiency and affordability.”
Commenting on the investment in the logistic platform, Neeraj Tyagi, Co-Founder and CEO, We Founder Circle said, “Pickkup represents the future of logistics with its unwavering focus on sustainability and operational excellence. At We Founder Circle, we have been constantly investing in the logistics sector and created success stories like Zypp Electric, Evify, and Traqo. We believe Pickkup is all set to create a big impact with its tech-driven approach to decarbonizing logistics.”
