Showing posts with label EV Tech. Show all posts
Showing posts with label EV Tech. Show all posts

Bengaluru's Vimag Labs Secures Patent for India’s Ist Software-Defined, Magnet-Free Motor Platform

Bengaluru's Vimag Labs Secures Patent for India’s Ist Software-Defined, Magnet-Free Motor Platform
Volektra Motor
  • Fifth patent granted to the Accel-backed deep-tech company, protecting the core architecture of its Virtual Magnet Synchronous Motor (VMSM) - a rare-earth-free, software-controlled electric motor platform
Vimag Labs has been granted its fifth patent in India. The patent, titled "A Robust Rotating Transformer Excited Synchronous Motor and Its Control," covers the foundational motor architecture of the company’s proprietary Virtual Magnet Synchronous Motor (VMSM) platform.

Unlike conventional Permanent Magnet Synchronous Motors (PMSMs), which rely on fixed rare-earth magnets embedded in the rotor, VMSM generates and controls its magnetic field in real time using power electronics and proprietary control algorithms. The result is a brushless, slip-ring-free synchronous motor that matches or exceeds the performance of permanent magnet solutions — without any magnets.

This latest grant brings the company’s intellectual property portfolio to five patents granted, ten in the pipeline, and fifteen trademarks filed spanning motor architecture, software controls, power electronics, and application-specific implementations.

Commercial Deployment

The patent strengthens Vimag Labs’ competitive position as it scales commercial deployments. The company currently has active pilots under way with established two-wheeler and passenger car manufacturers, with expansion planned into light commercial vehicles, commercial vehicles, and high-power industrial systems ranging from 200 kW to 600 kW. Additional application areas under development include robotics, defence, and cooling systems.

For OEMs, the platform offers a dual advantage: lower motor costs and freedom from the supply-chain risks of rare-earth magnets, the majority of which are currently sourced from China. For India, the technology directly supports the Make in India and Atmanirbhar Bharat objectives by enabling indigenous development of critical electric motor technology.

Manish Seth, Co-founder and CEO, Vimag Labs, said: “This patent is the outcome of over 87,600 engineering hours. It strengthens every dimension of our commercial roadmap- OEM partnerships, licensing, manufacturing scale-up, and future growth.”

He added: “Our long-term vision is to build scalable, software-driven, magnet-free motor systems for global electrification. This innovation strengthens India’s deep-tech base across electric mobility, power electronics, robotics, defence, and clean-energy systems.”

Funding and Partnerships

Vimag Labs recently raised USD 5 million in its Series A round led by Accel, with participation from Chakra Growth Fund and Thinkuvate. The company has also signed a manufacturing MoU with Jendamark Pvt. Ltd. to support VMSM production scale-up.

About Vimag Labs

Vimag Labs is a Bengaluru-based deep-technology company building a new class of electric motor. Its patented VMSM platform replaces rare-earth permanent magnets with software-defined magnetic fields, delivering equivalent or superior performance across mobility, industrial, and defence applications. The company is scaling operations across India, Europe, and the United States.

TDB-DST Backs Mumbai-based Scharge to Drive Next-Gen EV Charging Innovation

TDB-DST Backs Mumbai-based Scharge to Drive Next-Gen EV Charging Innovation

The Technology Development Board (TDB), Department of Science & Technology (DST), Government of India, has signed an agreement with Scharge Pvt Limited for a pioneering project titled “Powering EV Charging Innovation.” Supported under the India–UK Collaborative R&D Programme for Industrial Sustainability, the initiative brings together Scharge Pvt Limited and UK-based Albright Product Design Limited to develop advanced solutions for electric vehicle (EV) charging infrastructure.

Transforming Fleet and Depot Charging

The project focuses on creating a next-generation EV charging solution tailored for commercial fleet and depot operations. At its core is an innovative EV charger charge controller developed by Scharge, integrated with Albright’s patented automated cable management system. This combined approach aims to improve operational efficiency, safety, and usability in high-demand charging environments.

A key highlight is the motorised overhead cable management system, designed specifically for fleet applications. By reducing manual handling, minimizing cable wear and tear, and enhancing user convenience, the system streamlines charging operations. Compatible with existing AC Type-2 EV chargers, it promises faster turnaround times and safer, more organized depot infrastructure.

Addressing Operational Challenges

The integrated solution tackles critical challenges such as:
  • Cable management – reducing clutter and manual intervention
  • Equipment protection – minimizing risks of damage and vandalism
  • Workflow optimization – enabling smoother fleet operations
By addressing these issues, the technology is expected to significantly enhance the efficiency of EV charging depots while raising safety standards.

Strengthening Indigenous Capabilities

Scharge Pvt Limited, headquartered in Mumbai, is an emerging Indian EV technology company specializing in power electronics and smart charging systems. Through this collaboration, the company aims to strengthen indigenous capabilities in EV charging technologies and deliver scalable, sustainable infrastructure for India’s growing electric mobility sector.

Voices from the Collaboration

Shri Rajesh Kumar Pathak, Secretary, TDB, stated: “Collaborative R&D initiatives such as the India–UK programme play a critical role in accelerating the development of advanced, industry-relevant technologies. Innovations in EV charging infrastructure are essential to support the rapid adoption of electric mobility and to build a robust, efficient, and future-ready ecosystem in India.”

The promoter of Scharge Pvt Limited expressed appreciation for the support, noting: “This project will enable us to bring innovative, globally competitive EV charging solutions to market, addressing the evolving needs of fleet operators and infrastructure providers.”

Editorial Note

This India–UK partnership represents a significant step toward building smarter, safer, and more efficient EV charging systems. By combining indigenous innovation with international expertise, the project not only addresses immediate operational challenges but also sets the stage for scalable adoption of electric mobility across commercial fleets.

Scharge Pvt Limited: Company Brief

  • Company Overview
  • Name: Scharge Pvt Limited
  • Founded: December 2021
  • Headquarters: Mumbai, Maharashtra, India
  • Industry: EV charging technology (AC/DC chargers, charge controllers, cable management systems, and software integration)
  • Status: Unfunded, privately held company

Founders & Leadership

  • Saloni Goliya Salecha – Co-founder and Director
  • Akshay Davendra Goliya – Co-founder and Director
Both founders are actively involved in steering Scharge’s product development and strategic collaborations, including the India–UK R&D programme for industrial sustainability.

Founders Background

Akshay Davendra Goliya
  • Role: Co-founder & CEO, Scharge Pvt Limited
  • Education: Illinois Institute of Technology (2007–2010)
  • Experience:
    • Founder & CEO at Scharge Pvt Limited (2021–present)
    • Leads engineering and design teams focused on EV charging innovation
Saloni Goliya Salecha
  • Role: Co-founder & CFO, Scharge Pvt Limited
  • Education:
    • Bachelor of Commerce (BCom) – Symbiosis College of Arts & Commerce
    • Chartered Accountant (CA) – The Institute of Chartered Accountants of India
  • Experience:
    • Scharge Pvt Limited – Co-founder & CFO (Sep 2021–present)
    • EY India – Manager (2018–2019), International Tax & Transfer Pricing (2014–2018)
    • EY Germany – Senior Consultant, Transfer Pricing (2017)
    • PwC India – Article Assistant, Assurance & Auditing (2010–2013)
  • Specialization: Finance, tax, auditing, and international transfer pricing

Investors & Fundraising

  • Funding Status: Scharge has not raised any external funding as of 2026
  • Investors: None reported; the company is self-financed
  • Fundraising Rounds: No venture capital or angel investment rounds disclosed

Products & Focus

  • AC and DC EV chargers for home, commercial, and fleet use
  • Charger management system (CMS) for managing networks of chargers
  • Mobile application for user interaction and monitoring
  • Smart power electronics integrated with automated cable management systems

Strategic Position

Scharge is positioning itself as a technology-first EV charging innovator in India.

Its collaboration with Albright Product Design Limited (UK) under the India–UK R&D programme highlights its ambition to deliver globally competitive, scalable EV charging solutions.

Despite being unfunded, Scharge is leveraging government-backed R&D support and partnerships to accelerate growth.

Summary

Scharge Pvt Limited is a young, Mumbai-based EV charging technology company founded by Akshay Goliya and Saloni Goliya Salecha. Akshay brings a technical background from Illinois Institute of Technology, while Saloni contributes financial expertise from her tenure at PwC and EY. The company remains unfunded, with no disclosed investors or fundraising rounds, and is building its reputation through innovation in smart charging systems and international collaborations.

IAN Group Invests ₹22 Crore in Chargeup to Power India’s EV Driver Ecosystem

IAN Group Invests ₹22 Crore in Chargeup to Power India’s EV Driver Ecosystem

IAN Group, the country’s single largest early-stage investment platform, has invested in Chargeup’s ₹22 crore funding round along with Cap-A and existing investors.

Chargeup is building India’s driver-first EV Tech platform, enabling loan security for lenders, and earning security for drivers to run more and earn more — connecting all in one seamless platform.

The funding will support the company’s expansion into high-demand markets and further strengthen its technology platform for drivers, NBFCs, and scale operations across high demand EV focused markets.

Interestingly, Chargeup’s scale-up plans align with India’s continuously accelerating shift to electric mobility, where easy ownership and earning security are critical for last-mile drivers.

Founded in 2019 by Varun Goenka (Co-founder & CEO) and Satish Mittal (Co-founder & CDO), Chargeup works with India’s last-mile drivers, many of whom earn under ₹800 per day due to high financing costs, frequent battery replacements, and consequently vehicle downtime. EV 3W drivers lose almost half their daily income on EMIs, loss days due to breakdowns, and maintenance of batteries.

The investment aligns with the IAN Group’s focus on backing technology-led, scalable businesses that solve structural challenges in India’s economy. With a strong emphasis on platforms that enable financial inclusion, asset efficiency, and sustainable mobility, the group has been actively supporting companies building critical infrastructure for the next phase of India’s growth, particularly across deep-tech, mobility, and climate-linked sectors.
Varun Goenka, Co-founder & CEO, said, “Charge, and climate-linked sectors.

Varun Goenka, Co-founder & CEO, said, Chargeup is building a high-growth, profitable company focused on empowering last-mile drivers with better earnings and financial security. The IAN Group’s investment will accelerate our journey toward our Mission Million milestone, enabling a million drivers to become financially independent.

Chargeup has already onboarded over 10,000 EV drivers and plans to add 20,000 more by FY27. The company operates in a fast-growing market, with the opportunity estimated at $12 billion, driven by the rising adoption of electric three-wheelers in logistics and passenger mobility.

As India’s gig economy and urban mobility needs continue to expand, the company aims to play a key role in building the financial and operational backbone for the country’s EV ecosystem, improving credit access, asset utilisation, and long-term driver sustainability through a single, data-driven platform.

About Chargeup:

Chargeup is building India’s driver-first EV Tech platform, enabling loan security for lenders, and earning security for drivers to run more and earn more — connecting all in one seamless platform. Chargeup solves it with IoT integration and a unified digital platform, de-risking financing, assuring kilometres, protecting resale value, and seamlessly connecting drivers, OEMs, dealers, and lenders. Their mission is to enable 1 million Driver entrepreneurs with higher earnings by 2030.

About IAN Group:

IAN Group is India’s largest horizontal platform for early-stage investments, comprising the IAN Angel Fund, BioAngels, and a series of SEBI-registered Venture Capital Funds, the latest being a US$100mn VC Fund, IAN Alpha Fund. IAN enables entrepreneurs to raise from Rs. 50 lakhs to Rs. 50 crores, supported by, high-quality mentoring by successful entrepreneurs, enabling access to global markets. IAN Group backs founders across domains and helps them scale their companies across India and beyond. Forbes has recognised

Ambuja Cements Empowers Rural Youth with EV Assembly Training at SEDI Bhatapara

Ambuja Cements Empowers Rural Youth with EV Assembly Training at SEDI Bhatapara
  • Ambuja Cements introduces Electric Vehicle Assembly Operator Trade at its Skill and Entrepreneurship Development Institute (SEDI) in Bhatapara, Chhattisgarh.
  • Initiative aligns with green energy goals and builds on Ambuja Cements’ legacy of impactful skill development in the region.
Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, has launched a new Electric Vehicle (EV) Assembly Operator Trade at its Skill and Entrepreneurship Development Institute (SEDI) in Bhatapara, Chhattisgarh. The initiative, driven by Ambuja Cements’ CSR arm aims to prepare rural youth for the fast-evolving electric mobility sector—equipping them with future-ready skills that align with the growing demand for green transportation across the nation.

A state-of-the-art EV lab has been set up at SEDI Bhatapara, offering hands-on training on electric rickshaws, scooters, cars, battery systems, and motor controls. Building on earlier skilling efforts in the region—such as training over 700+ local youth in trades like welding and tailoring—this new-age program reflects the company’s ongoing commitment to empowering communities with livelihood opportunities that are both relevant and sustainable.

Ambuja Cements Empowers Rural Youth with EV Assembly Training at SEDI Bhatapara


The initiative not only opens up promising employment avenues for trainees but also inspires them to be part of the country’s clean energy transition. By introducing this green technology skilling programme, Ambuja Cements continues to foster inclusive growth while helping young individuals from underserved backgrounds drive positive change—for themselves, and towards a greener future.

Infosys and Polestar Open Tech Hub in Bengaluru Focusing EV Software Development and Validation

Infosys and Polestar Open Tech Hub in Bengaluru Focusing EV Software Development and Validation

Infosys and Polestar have entered a strategic collaboration to open a Technology Hub in Bengaluru, India. This hub will focus on electric vehicle (EV) software development and validation across various domains, including infotainment, Advanced Driver Assistance Systems (ADAS), and telematics.

The collaboration aims to leverage Infosys' extensive experience in digital transformation and automotive engineering to enhance Polestar's digital roadmap.

This initiative will also support Polestar's product management, customer engagement, and corporate solutions through cloud-native development, testing, and data engineering.

Polestar is a Swedish automotive manufacturer specializing in electric vehicles (EVs). It was originally founded as a performance brand by Volvo Cars and is now a standalone brand under the ownership of Volvo and its parent company, Geely.

Leveraging its extensive experience in digital transformation, Infosys will help enhance Polestar’s digital capabilities, ensuring the integration of cutting-edge technologies. Infosys will support Polestar’s product management, customer engagement, and corporate solutions through cloud-native development, testing, and data engineering.

As a strategic partner, Infosys will work closely with Polestar to align their technological advancements with Polestar’s vision and goals, ensuring a seamless collaboration.

Polestar focuses on producing high-performance electric cars with an emphasis on sustainability and innovative design. The brand is known for its cutting-edge technology, including advanced driver assistance systems (ADAS), infotainment systems with Google integration, and sustainable materials in car interiors.

Infosys has been involved in several significant collaborations with automotive companies. Last year in October, Infosys signed a five-year collaboration with Smart Europe GmbH to enhance their digital sales and customer experience.

Infosys also partnered with Toyota Motor Europe to accelerate progress in the automotive industry using artificial intelligence (AI) and other advanced technologies.

Infosys helped Kia America perfect the car delivery experience, focusing on improving efficiency and customer satisfaction. The Bengaluru-headquartered IT giant also worked with Mercedes-Benz Overseas to deliver a seamless customer experience through direct sale.

Coming Up India's 1st Vehicle-to-Grid Station As BSES Rajdhani Partners Energy Software Co. Sheru

Coming Up India's 1st Vehicle-to-Grid Station As BSES Rajdhani Partners Energy Software Co. Sheru

BSES Rajdhani Power Limited (BRPL) has announced a partnership with energy software company Sheru to develop the country’s first vehicle-to-grid station. India’s decarbonisation efforts need innovative solutions, and ones such as this that help both the mobility and energy sectors go green are essential. The partnership would also help in easing pressure on power demand and in strengthening the power grid.

Sheru’s proprietary bidirectional battery-swapping station would provide swappable batteries for electric 2 wheelers, 3 wheelers, and rickshaws and help power their mobility. The same station would also support BRPL’s power requirement during periods of peak power need. The collaboration leverages the strengths of the parties and provides benefits to all sides.

“Sheru supplies cutting-edge solutions for the power sector. In the relationship with BSES, we are helping secure round-the-clock power from renewable energy sources. Standalone battery storage involves large CAPEX. Sheru’s novel solution is to use the idle battery space of EVs. This solves the CAPEX problem for BSES while providing income to EV and battery owners. Given the rate of growth of renewables in the country, our solution has received a warm welcome from power distribution companies. We are excited about the potential of this partnership with BRPL.” said Mr Shikhar Sharma, COO of Sheru.

"Utilizing the battery capacity of swapping stations as a distributed energy resource installed across the distribution area to support the grid during peak times and maximize charging of batteries through the integration of renewable energy or during off peak power periods will build a sustainable model for EV charging. We are happy to collaborate with Sheru and hope to extract valuable insights in supporting our grid ancillary functions,” added a BRPL representative.

About Sheru:

Sheru, Energy Software company
Sheru, an energy storage company based out of New Delhi (India). The company provides cloud storage solutions by aggregating idle battery capacity to create a virtual energy storage platform. Sheru is also the first company in the world to integrate V2G technology with battery swapping, bringing together two complementary systems and gaining synergies through it. Sheru was started by Ankit Mittal, Shikhar Sharma and Nakul Mehan, graduates of India’s premier engineering school of BITS Pilani. Having helped build robotics solutions in India’s first deep tech unicorn, GreyOrange, they later took the entrepreneurship plunge themselves. With a passion for sustainability and recognising an opportunity in India’s energy sector, they started Sheru in 2019.

Pune-based EV Tech Startup Weber Drivetrain Launches State-of-the-Art Automated Manufacturing Facility for BLDC Hub Motor and Controller

WDPL Manufacturing Unit
WDPL Manufacturing Unit
Weber Drivetrain is Co-founded by Mr Prashant shete and Mr Sachin Jain. Mr Prashant Shete, is a veteran in the automobile Industry with 24 years of experience and 5 years in setting up the greenfield projects in the electric vehicle segment

The brand has committed a total investment of 35 crores in Phase 1 for the establishment of a manufacturing unit for 100% Made in India BLDC HUB Motors and Controllers for Electric Vehicles with a high-end configurated, fully automatic Production Line.

Weber Drivetrain, a technology-driven EV startup for sustainability has announced official launch with its state-of-the-art automated manufacturing facility based in Chakan MIDC, Pune, Maharashtra. Weber Drivetrain is Co-founded by Mr Prashant shete and Mr Sachin Jain. Mr. Prashant Shete is an automobile industry veteran with a stellar track record of 24 years and 5 years in the electric vehicle segment. Being an experienced professional, Prashant has accomplished a total of six greenfield electric vehicle projects.

Through a combination of in-house and collaborative R&D, Weber Drivetrain has committed a total investment of 35 crores in Phase 1 for the establishment of a manufacturing unit under the “MAKE IN INDIA” initiative for the future of E-Mobility. The manufacturing plant will incorporate major automation integration, including the latest semi-robotics and cutting-edge manufacturing machinery, to produce 100% Made in India BLDC HUB Motors and Controllers for Electric Vehicles in accordance with Indian market regulatory standards.

WDPL Motor
WDPL Motor
The manufacturing facility, under the initiative of Atmnirbhar Bharat, is all geared up to provide a wide range of products ranging in capacity from 0.25 kW to 4 kW and capable of serving multiple segments such as E-bicycles, E-Scooters, and E-Motorcycles. The Weber Drivetrain team, led by Prashant Shete, has extensive experience and expertise in EV parts and production and will also facilitate end-to-end vehicle integration solutions to vehicle manufacturing OEMs. Weber Drivetrain is expected to launch its product offering and solutions by December 2022.

“We are extremely proud and excited to mark our first steps into the Indian EV market. As minimizing barriers to electric vehicle adoption is critical to meeting India’s ambitious greenhouse gas reduction goals, Weber Drivetrain is poised to offer a widespread, realistic solution to mass EV adoption in the country. Our mission is not only to have a strong influence on the EV industry but to also support and encourage every positive EV growth initiative in India and beyond. Additionally, given the unemployment problem, the manufacturing unit will also contribute to the creation of jobs opportunity in the state.” Said, Prashant Shete, founder and MD, Weber Drivetrain.

Weber Drivetrain

Weber Drivetrain Pvt. Ltd. is a technology-driven organization in the Design, Development, Testing, Validation and Manufacturing of electric motors and controllers for electric vehicles. Moreover, the company has a strategic partnership for Design and Development for BLDC Motors with Shinwin Motors, a leading Chinese electric vehicle motor manufacturer with a yearly output of 10 million motors and a turnover of 600 million USD. Under their joint initiative, BLDC motors and controllers will be designed and developed to address the specific requirements of the Indian market.

IAN Invests Rs 1.8 Crore in EV Tech Startup Electrifuel

IAN Invests Rs 1.8 Crore in EV Tech Startup Electrifuel

The startup intends to utilize the freshly raised funds for expanding in-house teams, scaling up production, and investing in its R&D.

Electrifuel, a Delhi-NCR based EV technology startup, has raised INR 1.8 crore in its Seed Round from the Indian Angel Network (IAN). The round was led by IAN Lead Investors Mr. Vishnuraj Kunjur, Mr. Sahil Kejriwal, and Mr. Pradeep Gupta.

The company intends to utilize the funds to hire top talents for multiple roles to expand its team while scaling up production. Electrifuel also plans to invest in its R&D for the overall growth of the enterprise.

Founded in 2017 by a group of engineers, Sumesh Kumar, Sunil Kumar, Abhishek Kumar, and Ujjwal Bhardwaj, Electrifuel enables EV and battery manufacturers to provide products with precise geolocation and cellular connectivity, efficient and fast charging, effortless battery swapping, warranty and service management.

Electrifuel was born when Ujjwal came up with the idea of creating a battery swapping system for two and three-wheelers after witnessing the concept of e-rickshaws in Delhi. However, they realized that the technologies required to establish an EV ecosystem are either unavailable or expensive. They saw an opportunity to fill this gap, and incepted Electrifuel with a vision of becoming the go-to EV and battery tech solution provider. With an incubation in Electropreneur Park (a Ministry of Electronics and Information Technology initiative, backed by STPI & IESA), Electrifuel got access to state of the art labs, mentoring & guidance from experts and industry veterans.

As of now, Electrifuel has deployed more than 15000 units of its products to 25+ customers and in trials with 4 Battery Manufacturers. Apart from the battery Management System, they also provide necessary hardware like Motor Controller, Vehicle Control Unit, Telematics, Battery Charger, and complete suite of Web & Mobile Apps as software solutions for enterprises and customers.

Ujjwal Bhardwaj, co-founder, Electrifuel, said, “At Electrifuel, we are constantly working on EV technologies that can accelerate the world’s transition from fossil fuels to electric vehicles. While we have been a bootstrapped company since our inception, with IAN backing us now, we will scale up at a much faster pace and grow our team. We are looking to speed up the development of new products, acquire more clients, and expand our overall footprint.”

Vishnuraj Kunjur, Lead Investor at IAN
Vishnuraj Kunjur, Lead Investor at IAN
Vishnuraj Kunjur, Lead Investor at IAN said, "As the world is moving towards green energy, Electric Vehicles (EV) are the future to solve the fossil fuel crisis. There is a need for robust hardware and software to support, enhance the productivity and effectiveness of EVs. Electrifuel has developed proprietary, indigenous battery management (BMS), Telematics hardware, and EV operating system through Electrifuel’s SaaS model. Their equipment and software model is already proven considering the number of units implemented by leading manufacturers such as Greenfuel, Indigrid, Waaree, Hyperex, etc., also the huge pipeline they have with all Tier1 EV automobile firms in India and around the globe. We at IAN are excited to be part of Electrifuel’s journey, growth, and mission towards increasing the productivity of green energy in the EV ecosystem."

The market size of EV & Battery tech is valued at 5000 Crores by 2025, out of which around 1200 crores worth is addressable with currently deployed products.

About Electrifuel

Electrifuel enables EV and Battery Manufacturers to make Reliable & Smart products while reducing time to market with Ready to Integrate Hardware & Software solutions and support in Development to Production and Deployment.

EV Fleet Operators & Battery Swapping operators can augment & optimize their business by leveraging our suite of offerings including- Telematics - Intelligent EV IoT, Battery Swapping Infra & Operating System.

About IAN

Indian Angel Network is India’s first and world’s largest business angel network with close to 500 members across the world, comprising the who’s who of successful entrepreneurs and dynamic CEOs. With investors from 12 countries, IAN’s presence spans 7 locations, which includes cities in India and the UK. The network is sector agnostic and has funded start-ups across 19 sectors in India and 7 other countries growing global footprint companies. With an excellent track record, IAN has been giving excellent cash exits year-on-year to its investor members, for the last 12 years. Some of its marquee investee companies include Druva, Spinny, Box8, Uniphore, WOW Momos, Consure, Fareye, NOCCARC, Propelld, Skit.ai amongst many others.

IAN Fund, an INR 375 crore VC fund is a uniquely differentiated seed/early stage Fund that aims to transform India’s entrepreneurial landscape. The fund invests in innovative companies in sectors including healthcare and medical devices, VR, AI, software as a service, marketplaces, fin-tech, big data, artificial intelligence, agritech, and hardware. With this, IAN has created the single largest platform for seed and early-stage investing, enabling entrepreneurs to raise from Rs. 25 lakhs to Rs. 50 crores.

EV Tech Logistics Platforms EVIFY Raises $100K in Angel Round

EV Tech Logistics Platforms EVIFY Raises $100K in Angel Round
[L-R] Pragya and Dev

EVIFY, a Surat based tech-enabled EV logistics startup, has raised INR 8MN in seed round from angel investors like We Founder Circle. The capital raised through this funding round is going to be utilised majorly for technology development, team building and scaling up the company’s operations.

EVIFY aims to provide green logistics-based end-to-end services to all the e-commerce giants of the country. Eveeto is the logistics solutions wing of Evify which operates only Electric Vehicles (EVs) for deliveries. Evify is looking ahead to develop its platform more extensively by adding Geofencing, customised BMS, telematics, client insights and driver & fleet management. The platform counts around 3,00,000+ green kms and 50,000+ green deliveries till April, 2022.

This year EVIFY has embarked on several huge partnerships with various leading industry giants. It includes the company’ s partnership with Swiggy, BigBasket, and Hero Electric. EVIFY has partnered with Swiggy to deliver their food orders through EVs in Surat, Gujarat. As per its partnership with Hero Electric, the company has signed a MOU to purchase 1000 electric scooters in the coming two years. These EVs will be deployed by EVIFY in various Tier 2 and Tier 3 cities. The company has also planned to develop the charging infrastructure in the prime locations of the city for better performance of its fleet.

Commenting on the same, Devrishi Arora, Founder and CEO of EVIFY said, “This is a great start to the fiscal year for the company. Through this funding capital, we plan to upgrade and integrate technological advancements into our delivery operations such as geofencing, BMS, and fleet management.”

Talking about the same, the Co-Founder and CMO of EVIFY, Pragya Mittal stated, “We are focused on setting our strong foot in Surat in the coming months through this funding round and develop our SOPs for expansion in multiple cities which includes Vadodara, Ahmedabad, and Rajkot. ”



EVIFY Logitech Pvt. Ltd. aims to transform the country’s last-mile deliveries to be electric and environment-friendly. The platform is working towards improving the EV value chain with emphasis on sustainability. The company is targeting to reconstruct the EV logistics domain with a special focus on driver safety and security, constant effort to go carbon negative, and accelerate technology support for client partners as well as its employees.

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