🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

EVeez raises $5.4 Mn in Series A led by Michael & Susan Dell Foundation

EntrackrEntrackr · 6m ago
EVeez raises $5.4 Mn in Series A led by Michael & Susan Dell Foundation
Medial

EVeez, an electric mobility-as-a-service (eMaaS) platform, has raised $5.4 million in a Series A funding round led by the Michael & Susan Dell Foundation, with participation from Caret Capital, ThinKuvate, Ev2 Ventures, Barbershop With Shantanu, SailThru Ventures, and Ah Ventures Fund. The Gurugram-based company previously raised $994,000 from ah! Ventures and others. The fresh funds will be used to expand its affordable electric two-wheeler subscription service for gig workers, according to a press release from EVeez. Co-founded in 2020 by Abhishek Dwivedi and Gaurav Rathore, EVeez is an electric mobility-as-a-service platform that enables gig workers to access affordable, reliable two-wheeler EVs through a subscription model. The company bridges the gap between mobility and livelihoods, especially for low-income youth entering or growing within India’s gig economy. With weekly subscription plans starting at just Rs. 1,100, EVeez enables individuals—especially those from low-income urban communities—to join platforms in quick commerce, food delivery, e-commerce, and ride-hailing without the upfront burden of vehicle ownership. EVeez says that its model goes beyond rentals: it includes repairs, insurance, battery swap tie-ups, and EV training, helping gig workers focus on earning instead of managing vehicle downtime or debt. Abhishek Dwivedi, co-founder and COO of EVeez, added: "With India projected to have more than 20 million gig workers in the near future, EVeez is strategically positioned to revolutionize how this workforce accesses clean mobility solutions. We are committed to greening the last mile and making electric mobility accessible to everyone participating in the gig economy." According to EVeez, it operates a fleet of 7,000 EVs across 15 cities, with plans to scale to 30 cities and 50,000 vehicles by FY27. Of its current users, 55% are first-time gig workers, and the remaining 45% are transitioning from internal combustion engine (ICE) vehicles. By FY27, it aims to enable over 40,000 new gig workers to join the workforce.

TIVOLT Electric Vehicles inks pact with Tata Power Renewable Energy to build charging ecosystem

LivemintLivemint · 1y ago
TIVOLT Electric Vehicles inks pact with Tata Power Renewable Energy to build charging ecosystem
Medial

Murugappa Group's TCI Clean Mobility subsidiary, TIVOLT Electric Vehicles, has partnered with Tata Power Renewable Energy Limited (TPREL) to establish a charging ecosystem for its electric commercial vehicles. TPREL will leverage its expertise in setting up EV charging infrastructure to provide charging solutions at TIVOLT dealerships, customer locations, and public spaces. The collaboration will also explore the integration of solar energy systems to power TIVOLT's facilities. TPREL has previously deployed over 200 customised EV charging stations across various cities in India. This partnership aims to accelerate the adoption of commercial EVs and promote sustainability.

IAN Group backs Chargeup in Rs 22 Cr funding round

EntrackrEntrackr · 10d ago
IAN Group backs Chargeup in Rs 22 Cr funding round
Medial

IAN Group backs Chargeup in Rs 22 Cr funding round EV-focused mobility startup Chargeup has raised Rs 22 crore ($2.4 million) in a funding round backed by IAN Group, along with Cap-A and existing investors. The new round came after a gap of four years. This is the third funding round for the Delhi-based startup. In November 2022, the firm had raised $7 million in a pre-Series A1 round led by Capital-A and Anicut Capital. In the same year, it raised $2.3 million in its pre-Series A round led by Capital-A and co-led by Anicut Capital. The proceeds will be used to expand into high-demand EV markets, strengthen its technology platform for drivers and lenders, and scale operations across regions with rising electric three-wheeler adoption. Founded in 2019 by Varun Goenka and Satish Mittal, Chargeup is building a driver-first EV technology platform focused on last-mile drivers. The platform addresses challenges such as high financing costs, battery-related downtime, and income loss, which significantly impact earnings for EV three-wheeler drivers. Chargeup integrates IoT and data-led tools to reduce lending risk for NBFCs while improving earning stability, vehicle utilization, and resale value for drivers. The platform connects drivers, OEMs, dealers, and lenders within a single system. The startup has onboarded over 10,000 EV drivers and plans to add another 20,000 drivers by FY27. It operates in a market estimated at $12 billion, driven by increasing adoption of electric three-wheelers across logistics and passenger mobility.

Download the medial app to read full posts, comements and news.