Team StartupCity

• Battwheelz secures Rs 2 crore in seed funding at Rs 60 crore valuation
• Finvolve leads round to support EV based logistics expansion in India
• Startup eyes rapid growth, 7x MRR, and nationwide scaling in FY25

Pune based electric logistics startup Battwheelz has raised Rs 2 crore in a seed funding round led by Finvolve, a multi-stage venture capital fund. The round, closed at a valuation of Rs 60 crore, also saw participation from notable angel investors.

Founded in 2022, Battwheelz operates a 100% electric fleet of over 450 vehicles, offering EV-first third-party logistics (3PL) solutions across Pune, Chennai, and Bengaluru. With the new capital, the company plans to deepen its presence in Bengaluru and expand operations in Chennai and Pune, strengthening its position in the fast growing last mile delivery segment.

Chetan Chaturvedi, Founder and MD of Battwheelz, said, "We’re committed to building a cleaner and more efficient logistics ecosystem. With Finvolve’s backing, we’re well-positioned to scale our operations and cut carbon emissions".

Ashish Bhatia, Co-founder of Finvolve, noted that the startup is tackling a crucial problem in India's logistics space by integrating sustainability with scalability.

Also Read: Navata Raises Rs 13.5 Crore for AI Driven Bharat Logistics

Currently clocking Rs 80 lakh in Monthly Recurring Revenue (MRR), Battwheelz is targeting a 7x growth in MRR and aims to raise an additional Rs 80 crore to support its aggressive growth plans.

By focusing on sustainability, strong unit economics, and scalable tech, Battwheelz is positioning itself as a key player in India's green mobility revolution.