EVIFY Secures $1.3 Million for Fleet Expansion and Tech Advancements
EVIFY, a Surat-based startup in the electric vehicle (EV) logistics sector, has successfully secured $1.3 million in funding during a pre-Series A round. This investment comes from GVFL and Piper Serica. Operating for more than a year in Surat and Ahmedabad, EVIFY has ambitious plans to expand its fleet of EV bikes significantly, aiming to scale up from the existing 400 to a remarkable 4,000 bikes by March 2025.
Moreover, EVIFY is actively engaged in the development of an in-house technological platform. This platform is designed to provide an array of comprehensive solutions covering various aspects of fleet management, driver management, route optimization, battery management systems (BMS), telematics, financing and loan management, credit risk analysis, as well as providing clients access to valuable insights and data.
EVIFY concentrates its efforts primarily within the logistics sector, serving various segments encompassing ecommerce, food delivery, grocery delivery, and hyperlocal delivery. Notably, the startup takes pride in its diverse clientele, counting renowned brands like Big Basket, BB Now, Swiggy, Zomato, Flipkart, e-Com Express, and Blue Dart among its esteemed partners. The infusion of funding arrives at a pivotal juncture for EVIFY as it strategically positions itself to expand its operational capacities and technological prowess. This strategic funding aims to align with the surging demand observed in the logistics industry, particularly for electric vehicles, prompting EVIFY to fortify its operations and enhance its technological capabilities to meet this escalating market need.
Moreover, EVIFY is actively engaged in the development of an in-house technological platform. This platform is designed to provide an array of comprehensive solutions covering various aspects of fleet management, driver management, route optimization, battery management systems (BMS), telematics, financing and loan management, credit risk analysis, as well as providing clients access to valuable insights and data.
EVIFY concentrates its efforts primarily within the logistics sector, serving various segments encompassing ecommerce, food delivery, grocery delivery, and hyperlocal delivery. Notably, the startup takes pride in its diverse clientele, counting renowned brands like Big Basket, BB Now, Swiggy, Zomato, Flipkart, e-Com Express, and Blue Dart among its esteemed partners. The infusion of funding arrives at a pivotal juncture for EVIFY as it strategically positions itself to expand its operational capacities and technological prowess. This strategic funding aims to align with the surging demand observed in the logistics industry, particularly for electric vehicles, prompting EVIFY to fortify its operations and enhance its technological capabilities to meet this escalating market need.