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ZEVO Secures Funding from Agility Ventures to Accelerate Growth in Sustainable Supply Chain Solution

Startup News FYI

Startup News FYI · 2y ago

ZEVO Secures Funding from Agility Ventures to Accelerate Growth in Sustainable Supply Chain Solution

ZEVO, India's integrated electric supply chain platform, secures funding from Agility Ventures to expand its electric vehicle fleet and micro storages. It focuses on last-mile delivery, integrated logistics, and electric refrigerated deliveries, aiming to transform logistics sustainably and efficiently.

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ZEVO raises $2 Mn from Pegasus India Fund and others

Entrackr

Entrackr · 11m ago

ZEVO raises $2 Mn from Pegasus India Fund and others

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.

Zevo in talks to raise Series A funding to expand EV fleet, fulfillment centres

VCCircle

VCCircle · 5m ago

Zevo in talks to raise Series A funding to expand EV fleet, fulfillment centres

Zevo, an electric vehicle (EV) mobility platform backed by Pegasus India Fund and JIIF, is seeking Series A funding to expand its EV fleet and fulfillment centers. The New Delhi-based startup operates as an EV supply chain-as-a-service platform across various sectors. Zevo's expansion plans aim to enhance its operational capacity and reach, as disclosed by a top executive, signaling growth ambitions within the evolving EV sector.

Bugcrowd Secures $102M in Growth Funding

Finsmes · 1y ago

Bugcrowd Secures $102M in Growth Funding

Bugcrowd, an AI-powered crowdsourced security platform, has raised $102 million in growth funding. Led by General Catalyst, with participation from existing investors Rally Ventures and Costanoa Ventures, the funding will accelerate Bugcrowd’s growth worldwide and support innovation in its platform. The company connects its network of hackers to uncover vulnerabilities and adapt to emerging threats. Bugcrowd aims to redefine crowdsourced security and continue being a leader in the market. Mark Crane and Paul Sagan from General Catalyst will join the board of directors.

ZEVO unveils India's first electric refrigerated vehicle in partnership with IIT Delhi

IndianStartupNews

IndianStartupNews · 1y ago

ZEVO unveils India's first electric refrigerated vehicle in partnership with IIT Delhi

ZEVO, an EV mobility platform, has partnered with Machphy Solutions to deploy its groundbreaking technology across 10 Indian cities in the first year. The partnership aims to revolutionize temperature-controlled last-mile delivery in industries such as Pharmaceuticals, QSR, Seafood, Dairy, and FMCG. ZEVO's system operates with plug-in electric charge and offers intracity operations for up to 16 hours at -20°C, making it a leader in sustainable refrigeration. The partnership signifies a leap towards a sustainable future in cold chain logistics. The collaboration has introduced REV L5, a zero-emission refrigerated solution blending ZEVO's EV mobility technology with Machphy's expertise.

IPV-backed Fresh From Farm in talks to raise Series A funding

VCCircle

VCCircle · 1y ago

IPV-backed Fresh From Farm in talks to raise Series A funding

Fresh From Farm, a fruit delivery supply chain startup that operates on a B2B2C model, is in talks to raise Series A funding. The startup previously raised $2 million in a pre-Series A round. Fresh From Farm aims to provide high-quality and premium fruits to consumers by connecting farmers directly to businesses and end customers. The additional funding will help the startup accelerate its growth and expand its operations.

Supply Chain Startup Wiz Freight Secures INR 125 Cr In Series B Funding

Inc42 · 1y ago

Supply Chain Startup Wiz Freight Secures INR 125 Cr In Series B Funding

Chennai-based supply chain startup Wiz Freight has raised INR 93.3 Cr ($11.2 Mn) in a Series B funding round led by SBI Investments. The round saw participation from Tiger Global, Nippon Express Fund, Axilor Technologies Fund, Arali Investments, and Unikon Shipping Ventures. The company plans to raise a total of $30 Mn in this round. Wiz Freight provides cross-border shipment services and claims to have 50 offices worldwide, shipping 45,744 TEUs and 2,882 air tonnage as of 2023. The funds will be used for growth and expansion.

LoanTap Secures INR 74 Crore to Boost MSME Credit Access

StartupTalky

StartupTalky · 3m ago

LoanTap Secures INR 74 Crore to Boost MSME Credit Access

LoanTap has raised INR 74 crore in a pre-Series C funding round to enhance its supply chain financing for MSMEs, especially small retailers in vital sectors. Led by July Ventures and featuring existing investors, the equity raised stands at INR 54 crore, with an additional INR 20 crore through venture debt. LoanTap's BICRI tool aids retailers' credit assessment, promoting inclusive growth. It plans to expand its reach to over 2 lakh retailers and fund a million invoices in the coming year.

Meter Secures $35M in Funding

Finsmes · 1y ago

Meter Secures $35M in Funding

San Francisco-based internet infrastructure company for businesses, Meter, has raised $35 million in funding in a round led by Sam Altman and Lachy Groom, with participation from existing investors including Sequoia, Meraki co-founders John Bicket and Sanjit Biswas, and VMware founder Diane Greene. Meter plans to use the funds to accelerate growth and development efforts. The company offers a Network as a Service (NaaS) solution that simplifies network deployment and management, providing visibility, configurability, and interoperability to customers. Some of its services include network design, deployment, hardware upgrades, and ongoing management and maintenance.

B2B SaaS Startup Rupyz Nets Funding To Offer Supply Chain Management Solutions

Inc42 · 1y ago

B2B SaaS Startup Rupyz Nets Funding To Offer Supply Chain Management Solutions

B2B SaaS startup Rupyz has raised $1.2 million in seed funding from Merak Ventures and angel investors. The startup provides an integrated SaaS solution for distribution-led B2B businesses to automate and scale their offline and online distribution. Rupyz aims to strengthen its core technological offerings with the funding, catering to the evolving needs of small and medium-sized businesses. It currently works with 85 brands, 6,500 distributors, and 250,000 retailers, helping streamline their supply chain processes.

Atomgrid Bags Funding To Boost Specialty Chemicals Export

Inc42 · 1y ago

Atomgrid Bags Funding To Boost Specialty Chemicals Export

Atomgrid, a startup specializing in the manufacturing and sourcing of specialty chemicals, has raised INR 10 crore (approx. $1.2 million) in a seed funding round. The funding was led by Merak Ventures and saw participation from Dexter Ventures, Upsparks, Point One Capital, and UniCards’ founders Nitin Gupta and Prateek Jindal. Atomgrid plans to use the funds to expand its in-house R&D infrastructure, increase global outreach, build a supply chain tech platform, and hire teams across various functions. The startup aims to position itself as a hub for specialty chemicals and accelerate exports from India.

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