ZEVO, co-founded by Dhruv Bhatia, has raised $2 million in funding to accelerate its mission of electrifying India’s logistics sector.
This investment, led by Pegasus India Fund, BizDateUp, JIIF, and other investors, will help ZEVO bring cleaner, electric solutions to logistics across the country.
About ZEVO
ZEVO – ZERO EMISSION VEHICLE OPERATIONS – is India’s first Electric Vehicle Supply Chain as a Service platform.
The company provides end-to-end supply chain solutions, including first-mile procurement, last-mile delivery, temperature-controlled refrigerated transport, and forward and reverse logistics.
ZEVO also leads the electrification of the agricultural supply chain, making it India’s only fully integrated electric agriculture platform, catering to both B2B and B2C needs
ZEVO’s mission is to reduce greenhouse gas emissions in supply chain transport, a major pollution source in India, by replacing fossil fuel-powered vehicles with electric ones.
This shift will contribute significantly to a sustainable future.
What’s Next for ZEVO?
The company aims to raise an additional $20 million by January 2025 to further expand.
ZEVO plans to deploy over 5,000 electric vehicles across India, with a special focus on Tier II and III cities.
Their services will include cold transportation, storage, and last-mile cold deliveries, electrifying the entire logistics network.
Why Is This Important?
Supply chain transport is a leading contributor to emissions in India.
ZEVO’s goal is to reduce this impact through innovation and real-time supply chain monitoring.
Their approach offers visibility, control, and dynamic updates, helping businesses rely on cleaner logistics solutions.
The Right Time for EVs
With government initiatives like the PM E-Drive pushing for more EV adoption, ZEVO’s expansion aligns perfectly with India’s green mobility goals.
As the country’s EV market is expected to reach $110.74 billion by 2029, ZEVO is positioned to lead this transformation, revolutionizing logistics with electric vehicles.
