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ZEVO raises $2 Mn from Pegasus India Fund and others

Entrackr · 1m

ZEVO, a tech-enabled EV mobility platform, has raised $2 million in its pre-Series A round led by Pegasus India Fund, BizDateUp, JIIF, and a family office. The proceeds will be used to deploy 5,000 electric vehicles and develop fulfillment centers across key locations. Founded by Aditya Singh Ratnu and Dhruv Bhatia, ZEVO operates a comprehensive fleet of electric vehicles, catering to diverse delivery needs with a strong focus on operational efficiency and sustainability. ZEVO is set to upgrade its technological infrastructure, ensuring its solutions are in place to optimize logistics and supply chain management. The firm plans 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. Looking ahead, ZEVO is in talks to raise $20 million by January 2025. This future investment will further ramp up the company’s efforts to lead the EV supply chain market and achieve its growth and sustainability goals to have 2,00,000 electric vehicles on the road by 2030.