Logistics startup Evify mobilises $1.3M in Pre-Series A funding

GVFL and Piper Serica have co-led a $1.3 million (Rs. 10.6 crore) Pre-Series A funding round in Evify, a logistics startup based in Surat. Founded in 2021, Evify focuses on decarbonizing the logistics sector through its fleet of electric vehicles (EVs) used in e-commerce, food delivery, grocery delivery, and hyperlocal delivery. Evify currently operates a fleet of 400+ EVs in Surat and Ahmedabad and plans to use the funds to expand its fleet to 4,000 bikes by March 2025.

Kamal Bansal, Managing Director at GVFL, said, “We are excited to lead the Pre-Series A round for Evify. We recognise the potential to revolutionise the logistics sector through innovative and sustainable solutions. Evify’s commitment to decarbonising the industry aligns perfectly with our focus on supporting scalable and technology-driven business models. We look forward to witnessing their growth as they expand their electric vehicle fleet and contribute to a greener future for logistics in India.”

Evify CEO Devrishi Arora said, “We are thankful to GVFL and Piper Serica for their faith in our business model and our growth plans. With their support and mentoring, we are confident of realising our goal of making a significant contribution to decarbonising the last-mile delivery sector in India.”

GVFL, a venture capital in India, has raised nine funds and invested in nearly 100 startups, contributing to entrepreneurship and innovation in the country. The firm focuses on scalable, innovative business models backed by credible teams.

As per the company statement, Evify is developing an in-house technology platform covering fleet management, driver management, route optimization, battery management system, telematics, financing and loan management, credit risk analysis, and client access to insights. This platform aims to optimize operations, improve efficiency, and provide actionable intelligence for logistics management and expansions in multiple locations. Evify’s client base includes Big Basket, BB Now, Swiggy, Zomato, Flipkart, e-Com Express, and Blue Dart. Looking ahead, Evify plans to collaborate with ancillary industries, including EV makers, vendors, battery manufacturers, and battery swapping companies, to develop the complete infrastructure for EV vehicles in the country, as claimed by the source statement.

Pragya Mittal, Co-founder at Evify, said, “Our goal is to create a sustainable impact through our services in the entire logistics chain. We aim to be a major contributor in replacing the traditional fuel-operated vehicles with electric vehicles in all major Tier I, II and III cities over the next 10 years. We are also focused on developing a sustainable growth environment for our deliver partners, our most valuable assets.”

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