EVIFY, an EV logistics Startup located in Surat, raised $100k in a seed round led by We Founder Circle. The round also witnessed participation from an array of esteemed angel investors like Gaurav Singhvi, Gaurav Juneja, Saurabh Agarwal, Rajeev Goel to name a few. This investment round’s proceeds will primarily be used for the expansion of the company’s operations, and team building. A part of the freshly raised investment will also be directed towards technological development.
All of the nation’s e-commerce behemoths will now be able to avail of the end-to-end services from EVIFY that are based on green logistics. The logistics division of Evify, known as Eveeto, solely uses electric vehicles (EVs) for deliveries. By including Geofencing, customized BMS, telematics, client analytics, and driver & fleet management, Evify intends to expand the scope of its platform. Up till June 2022, the platform has tracked over 70,000 green deliveries and over 3,80,000 green kilometers.
EVIFY has entered into a number of significant relationships this year with several global industry titans. This includes the company’s affiliations with Hero Electric, BigBasket, and Swiggy. In Surat, Gujarat, EVIFY and Swiggy have teamed up to deliver food orders using EVs.
“As the country is moving towards greener solutions, the brands like EVIFY will play a vital role. It is amazing how the very enthusiastic co-founders’ team has innovated and is delivering a genuine solution in the logistics space. As the awareness around the concept spreads, the brand will witness exponential growth. It is not just an investment but a responsibility to support brands like EVIFY,” said CA Gaurav VK Singhvi, Co-founder, We Founder Circle
The business has an MOU in place with Hero Electric under which it would buy 1000 electric scooters over the next two years. EVIFY will use these EVs in Surat as well as plans to launch Ahmedabad and Vadodara in the coming months. For improved performance of its fleet, the corporation has also planned to build the infrastructure for charging in the most prominent areas of the city. EVIFY plans to have a fleet of 2000 vehicles by the end of March’23. They have already closed contracts with other E-comm giants in the industry and soon will be deploying their fleets for deliveries. The company also aims to decarbonise their fleet by buying credits and the report on carbon neutrality would be released soon.
Commenting on the same, Devrishi Arora, Co-Founder and CEO of EVIFY said, “This is a great start to the fiscal year for the company. We have been working on adding technological advancements into our delivery operations such as geofencing, BMS, and fleet management to revolutionize the unorganized logistics market.”
Talking about the same, the Co-Founder and CMO of EVIFY, Pragya Mittal stated, “We are focused on setting our strong foot in Surat and develop our SOPs for expansion in coming months in multiple cities which includes Vadodara, Ahmedabad, and Rajkot. ”
The last-mile delivery system in the nation will be changed to be electric and environmentally friendly by EVIFY Logitech Pvt. Ltd. The platform is trying to enhance the sustainability of the EV value chain. With a particular emphasis on driver safety and security, ongoing efforts to become carbon negative, and accelerating technological support for client partners as well as its staff, the firm is aiming to reconstruct the EV logistics area.