EV Logistics Startup EVIFY Partners Carbon Credit Advisory CREDUCE and Attains Carbon Neutrality

The association with CREDUCE will propel EVIFY’s vision to become one of India's Top carbon-neutral EV logistic startups

EVIFY, one of India’s fastest-growing tech-backed EV logistics startups for last-mile delivery, has entered into a partnership with CREDUCE, a pioneer in climate change mitigation technologies and a global carbon credit advisory with a rapidly growing carbon portfolio. KICHEE was launched by CREDUCE, the world’s first tradable super sustainability blockchain token. The partnership will enable EVIFY to reduce its carbon footprint and accelerate sustainability in India.

This association with CREDUCE will propel EVIFY’s vision to become one of India's Top carbon-neutral EV logistic startups. This joint venture also allows EVIFY to showcase its commitment to corporate social responsibility. Besides this, the company also aims to offset their calculated and estimated SCOPE 1, 2 & 3 emissions from the year 2021 till December 2022, which are about 270 tons of CO2 equivalent.

Commenting on the development, EVIFY’s Co-founder and CMO, Pragya Mittal, said, "From the very inception we were determined to convert our fleet to carbon negative and CREDUCE has given us an exciting new opportunity to fulfill our commitment through a completely new concept. KICHEE is an exciting crypto instrument which enables us to smoothly adopt a carbon neutral investment."

Commenting on the same, the founder of CREDUCE, Shailendra, said, "In a world that is heading towards digitalization, decentralization, and democratization, the future belongs to tokens like KICHEE. Past instances clearly indicate incremental trends in the prices of such tokens."

"Partnering with EVIFY is very heartening and would be a great beginning for CREDUCE in helping fight climate change. This should also encourage other corporations to take steps to neutralize their carbon footprints, "Shailendra added.

ABOUT KICHEE

KICHEE is the first ever super sustainability credit. By burning it, one reduces its footprint on many fronts, not just carbon. Each KICHEE Token represents 100 kgs of CO2 or equivalent averted emission in a given year. Every KICHEE token minted is audited by the authorized Blockchain Auditor. It will also fuel other sectors like gaming, metaverse, trading, barter, offsetting emissions, gifting, the entertainment sector, etc. KICHEE credits are certified by the Universal Carbon Registry (UCR) and derived from various projects in India and the world.

ABOUT CREDUCE

Creduce has been hand holding and providing services to empower and help people and businesses maneuver to live a ‘carbon conscious’ life. They aim to enable individuals and businesses to have a smooth transition towards adopting a carbon-neutral life and to unleash the financial value of every tonne of carbon emission reduced. The motto is to welcome the upcoming era, which is an era of the "Low Carbon Economy." Creduce has a very wide presence with projects located in the Pan Indian States and globally. They strive for a world where businesses, governments, and communities make climate action the new normal.

ABOUT EVIFY

EVIFY provides green logistics solutions, operating with only electric vehicles (2W & 3W) for Intra-city/local deliveries to E-commerce giants and food tech companies. EVIFY is through and through a Tech-Logistics company with a conscience about the environment. EVIFY also helps bring down the overall cost of freight by about 30% for these logistics companies along with fulfilling their mandate for reducing their carbon emissions falling under scope 3. EVIFY has started its operations from Surat and plans to launch in Ahmedabad in the near future. The company targets to have a fleet of 2000 vehicles by the end of March’23.

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.