ZEVO Accelerates EV Mobility Growth with $2 Million Pre-Series A Funding
ZEVO, a pioneering tech-enabled EV mobility platform, has secured a $2 million pre-Series A funding round led by Pegasus India Fund, BizDateUp, JIIF, and a family office. This significant investment will enable the company to rapidly deploy 5,000 electric vehicles and establish a robust network of fulfillment centers across key locations.
Founded by Aditya Singh Ratnu and Dhruv Bhatia, ZEVO has established itself as a comprehensive EV fleet operator, catering to diverse delivery needs while emphasizing operational efficiency and sustainability. With this latest infusion of capital, the company plans to modernize its technological infrastructure, optimizing logistics and supply chain management processes.
ZEVO aims to expand its footprint to new cities and strengthen its presence in tier II and tier III cities, bringing sustainable mobility solutions to a broader audience. This strategic approach is expected to accelerate the company’s growth and drive its vision of leading the EV supply chain market.
Looking ahead, ZEVO is poised for further growth, with plans to raise an additional $20 million by January 2025. This incoming investment will support the company’s ambitious goal of operating 2,00,000 electric vehicles on the road by 2030, reinforcing its commitment to a more sustainable and environmentally friendly transportation ecosystem.
