Evify
EV Logistics | B2B | Bridge
Ahmedabad, India
Evify is India’s first carbon-negative, two-wheeler EV-centric last-mile delivery platform, transforming logistics in Tier II and III cities. Leveraging an asset-light model, battery-swapping tech, and a skilled gig workforce, it enables efficient, sustainable deliveries for e-commerce, quick commerce, and F&B brands.
By leveraging real-time technology and a sustainability-first approach, it reduces costs and emissions while improving gig worker livelihoods through stable income, insurance, and credit access—all with zero upfront investment. With a fleet of 760+ EVs and over 50 lakh kg of carbon emissions saved, it is rapidly building a green, inclusive logistics network across India.
Founders
Devrishi Arora
CEO
MSc IBEM, UoE | MSc TE, UCL
13+ Yrs of Experience in Logistics & Transportation Business
Pragya Mittal
CFO & CMO
Chartered Accountant
10+ Yrs of Experience in Solar Panel Manufacturing
Key Highlights
Revenue (FY'25)
INR 9.5 Cr
Zero Upfront Cost For Riders
Projected Revenue (FY'26)
INR 25 Cr
Green KMs
2.5 Cr+
Deliveries Completed
32 Lacs+
Order Growth
6.4x
Key and Current Investors
Key Clientele
Deal Details
Current Deal Round
Bridge
Round Size
INR 12 Cr (INR 8 Cr committed)
Instrument
CCPS
Soonicorn Platform Fee
Admin Fee: 2% of investment amount
Carry: 10%
Valuation
INR 72 Cr Pre-Money
Minimum Ticket Size per Investor
INR 3,00,000
*AIF Condition : Consolidated commitment for AIF should be more than INR 25 Lacs to qualify as a valid entry to the cap table
Deal Runners
Ishita Kansal
Ansh Talreja
Pitch Call Recording
Documents
Media
Logistics startup Evify mobilises $1.3M in Pre-Series A funding
GVFL and Piper Serica have co-led a $1.3 million (Rs. 10.6 crore) Pre-Series A funding round in Evify, a logistics startup based in Surat. Founded in 2021, Evify focuses on decarbonizing the logistics sector through its fleet of electric vehicles (EVs) used in e-commerce, food delivery. grocery delivery, and hyperlocal delivery. Evify currently operates a fleet of 400+ EVs in Surat and Ahmedabad and plans to use the funds to expand its fleet to 4,000 bikes by March 2025.
