What is EVIFY?
EVIFY aims to revolutionize the country's last-mile delivery infrastructure by transitioning it to electric and sustainable operations. The platform is dedicated to enhancing the entire EV value chain, with a strong emphasis on environmental responsibility and driver well-being. By focusing on reconstructing the EV logistics domain, EVIFY prioritizes driver safety and security, strives for carbon-negative operations, and accelerates technology adoption for its client partners and employees. The company's strategic approach targets a significant shift towards greener logistics solutions.
How much funding has EVIFY raised?
EVIFY has raised a total of $1.4M across 2 funding rounds:
Angel/Seed
$101K
Other Financing Round
$1.3M
Angel/Seed (2022): $101K with participation from We Founder Circle
Other Financing Round (2024): $1.3M led by We Founder Circle, GVFL, Piper Serica Advisors Pvt, and Ivy Growth Partners
Key Investors in EVIFY
We Founder Circle
We Founder Circle is a leading startup investor community in India that invests between $300K to $1M in early-stage startups, following a founder-first investment thesis. The organization comprises a global network of successful founders and strategic angel investors who provide seed funding, business development support, and networking opportunities.
GVFL
GVFL is a venture capital firm that specializes in providing funding and support to early-stage companies. The firm focuses on investing in innovative startups across various sectors, including technology, healthcare, and consumer products.
Piper Serica Advisors Pvt
Piper Serica is an investment banking firm that provides advisory services related to mergers & acquisitions, capital raising & India entry strategy. It was established in 2003 in Mumbai, India. Through affiliates, we have a presence in Singapore, Philippines and Thailand.
What's next for EVIFY?
With the recent major strategic investment and substantial total funding, EVIFY is poised for accelerated expansion and innovation. The company's focus on sustainability and driver safety aligns with growing market demands for eco-friendly logistics. Future developments are likely to involve scaling its electric delivery fleet, enhancing its technological platform for greater efficiency and client support, and potentially expanding its geographical reach. The enterprise-level capital infusion suggests a strategic move towards solidifying its market position and driving further advancements in the electric vehicle logistics sector.
See full EVIFY company page
