Zevo secures funding from Agility Ventures for sustainable supply chain solutions
The funding will be utilised towards the expansion of Zevo's fleet of electric vehicles to 1000 3W and 4W and with a particular focus on enhancing last-mile delivery and integrated logistics capabilities.
Zevo, a fully integrated electric supply chain, and warehousing platform has raised funding from Agility Ventures. The funds will be used to expand its fleet of electric vehicles and micro storages, focusing on last-mile delivery and integrated logistics solutions along with electric refrigerated deliveries.
The funding will be utilised towards the expansion of Zevo's fleet of electric vehicles to 1000 3W and 4W and with a particular focus on enhancing last-mile delivery
and integrated logistics capabilities.
Zevo is a unique platform that offers supply chain solutions using electric vehicles across various sectors, with a special emphasis on refrigerated solutions. It offers end-to-end, zero-emission vehicles for operations, EV charging using renewable energy sources, real- time visibility and control, temperature-controlled refrigerated delivery, and refrigerated micro storage.
"We chose to invest in Zevo because of its unique and forward-thinking approach to revolutionising the logistics sector in India. Their commitment to sustainability, innovative use of electric vehicles, and end-to-end supply chain solutions align perfectly with our vision for the future of logistics," said Dhianu Das, Agility Ventures.
“There is a huge market opportunity driven by large players for the adoption of EV mobility enabling cost-effectiveness and environmental consciousness. We are already delivering for some of India’s largest and most successful companies and we believe there is a significant demand surge from Tier-2 cities in the years to come. It is uniquely positioned to stitch an end-to-end solution to enable businesses to go electric in their middle and last-mile operations and provides game-changing solutions for micro-warehousing at the point of consumption,” Aditya Singh Ratnu, CEO, Zevo further added.
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