The Pre-Series A round of $2 million has been raised by ZEVO, a tech-enabled EV mobility platform, with the participation of Pegasus India Fund, BizDateUp, JIIF, and a family office.

The money raised will go toward building fulfillment centers in strategic areas and deploying 5,000 electric vehicles.

Aditya Singh Ratnu and Dhruv Bhatia founded ZEVO, which has a large fleet of electric cars and serves a variety of delivery needs with an emphasis on sustainability and operational effectiveness.

ZEVO plans to modernize its technology infrastructure and make sure that supply chain management and logistics are optimized. In order to provide sustainable transportation options to a wider audience, the company intends to increase its footprint in tier II and tier III cities as well as move into new cities.

By January 2025, ZEVO hopes to have raised $20 million through discussions. With this additional funding investment, the business will step up its efforts to dominate the EV supply chain industry and meet its growth and sustainability targets, which call for the deployment of 2,000 000 electric vehicles by 2030.

Recently, an inventive cancer care startup, Oncare has lifted $1 million in its seed funding round from Huddle Ventures.

Prominent institutional Venture Capitalists including Cloud Capital, DeVC, and TRTL Ventures also participated in the funding round.

Over the following two years, the startup plans to use the revenues to grow to ten new locations around Delhi NCR, Bangalore, and Jaipur. The money raised in a funding round will also go into growing the team and promoting the brand's reasonably priced cancer care options through marketing campaigns.