Back

Vikas Acharya

Building WelBe| Entr... • 3m

Logistics Startup Pickkup Secures $500,000 in Seed Funding Pickkup, a logistics provider specializing in mid-mile and last-mile delivery solutions, has raised $500,000 in seed funding led by We Founder Circle (WFC). The round also included participation from angel investors from India, Australia, and the United States, the company announced on February 27, 2024. The Chandigarh-based startup plans to use the funds to expand its electric vehicle fleet, strengthen its team, and invest in technology to improve logistics efficiency. Pickkup operates with a 100% electric fleet and aims to reduce carbon emissions in the light commercial vehicle (LCV) delivery segment. Founded by Ankush Sharma, Chandra Shekhar, and Upma Sharma, Pickkup enters a growing logistics market where sustainability has become increasingly important. The Indian logistics sector has seen significant growth in recent years, with the last-mile delivery segment expanding rapidly due to the rise in e-commerce and quick commerce services. The investment comes at a time when India is pushing for greater electric vehicle adoption across commercial segments to reduce pollution and meet climate commitments. Government initiatives including subsidies for electric commercial vehicles and improved charging infrastructure have created a more favorable environment for companies like Pickkup operating in the sustainable logistics space.

3 replies18 likes
Replies (3)

More like this

Recommendations from Medial

Sanyam Kawde

Building Smart LastM... • 6m

Hey guys! I am developing a vehicle for light cargo movement and deliveries specifically in the last mile logistics with a payload capacity of around 200kgs. Any fleet operators or someone working in the last mile mobility sector here? I would real

See More
0 replies3 likes
Image Description

Sanyam Kawde

Building Smart LastM... • 2m

Hey guys! Anyone here understands the last mile delivery and logistics space? I'm building a electric cargo bike trailer intended to be used for last mile. I wanted to understand the potential and how to should I plan about approaching the market.

3 replies3 likes
1

EVINDIA

Stay updated with th... • 1m

Fiat Launches IRIS Electric 3-Wheeler for B2B Micro-Mobility in India Fiat has officially entered India’s micro-mobility segment with the launch of the IRIS electric three-wheeler, designed for B2B applications like cargo and last-mile delivery. �

See More
0 replies2 likes

Gourav Kholi

हमें है दम। • 6m

🚚 Join the Future of India's Commercial Vehicle Network! 🚚 We are building India’s first nationwide truck service network, revolutionizing vehicle maintenance and support. As the logistics industry grows, we seek passionate professionals with expe

See More
0 replies1 like
Image Description

Gourav Kholi

हमें है दम। • 6m

🚚 Join the Future of India's Commercial Vehicle Network! 🚚 We are building India’s first nationwide truck service network, revolutionizing vehicle maintenance and support. As the logistics industry grows, we seek passionate professionals with expe

See More
1 replies2 likes

EVINDIA

Stay updated with th... • 3d

BikeWo Partners with Flipkart's Instakart to Deploy 1,300+ EVs for Sustainable Deliveries Electric mobility startup BikeWo Green Tech has partnered with Instakart Services Pvt Ltd, Flipkart's logistics arm, to deploy 1,300+ electric vehicles across

See More
0 replies6 likes
Image Description
Image Description

Krrish Gupta

Always aiming for su... • 9m

Most of the quick commerce companies are losing money in the last mile delivery, as per you what's the best way to reduce last mile delivery cost and be profitable, if the last mile delivery is the highest expense, which is paid by quick commerce com

See More
6 replies12 likes
3

Narpat Solanki

Jai shree krishna 💙... • 11m

Delivery and logistics: AI-powered drones that can optimize delivery routes, avoid obstacles, and ensure secure package delivery, revolutionizing the logistics industry.

0 replies4 likes
Image Description

gray man

I'm just a normal gu... • 4m

Swiggy Invests ₹1,000 Crore in Scootsy Logistics for Faster Deliveries 🚚💸 Swiggy is set to invest ₹1,000 crore (~$117M) in Scootsy Logistics to expand operations and improve delivery speed. Approved on Feb 21, 2025, through a rights issue, shares

See More
1 replies7 likes

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