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ZEVO secures funding to expand sustainable supply chain solutions

ZEVO, an integrated electric supply chain and warehousing platform, has received funding from Agility Ventures, an Angel Fund in India. The funding will be used to expand ZEVO’s fleet of electric vehicles and micro storages, particularly focusing on last-mile delivery, integrated logistics solutions, and electric refrigerated deliveries.

ZEVO is a platform that provides supply chain solutions using electric vehicles, with a special emphasis on refrigerated solutions. It provides emission-free vehicles, renewable energy-based EV charging, real-time visibility, temperature-controlled refrigerated delivery, and refrigerated micro storage. By leveraging innovation and technology, ZEVO aims to transform supply chains for better customer satisfaction and reliability in both mobility as a service and micro warehousing, said a company statement.

Founded by Aditya Singh Ratnu and Dhruv Bhatia, ZEVO has mentorship from Dr. Diwakar Dadoo and Mr. IV Rao (an Ex-Executive Advisor and Director at Maruti Suzuki). This investment supports ZEVO’s aim to scale its fleet to 1000 electric 3W & 4W vehicles, focusing on last-mile delivery and integrated logistics.

The team’s combined expertise and industry knowledge have been instrumental in establishing ZEVO’s sustainable logistics and mobility solutions. ZEVO’s goal is affordable, efficient, convenient, and eco-friendly transport and micro-storage. With a vision to become a top logistics and mobility brand in India by 2030, ZEVO aims to contribute to environmental goals and reduce carbon emissions.

“As investors, we are thrilled to be part of Zevo India’s journey. We chose to invest in Zevo because of their unique and forward-thinking approach to revolutionizing the logistics sector in India. We believe that Zevo’s expertise and offerings have the potential to transform the industry, and we are excited to support their growth as they lead the way towards a greener, more efficient, and cost-effective logistics landscape in India.” 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. ZEVO 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,” said Aditya Singh Ratnu, CEO of ZEVO.

Also Read: Zen Mobility launches EV Micro Pod for last-mile delivery

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