What is moEVing?
Founded in 2021 and headquartered in Gurugram, Haryana, India, moEVing is dedicated to providing logistics services powered by 100% clean electric mobility. The company targets key sectors including Fast-Moving Consumer Goods (FMCG), e-commerce, and the groceries delivery space. By integrating electric vehicles into their operational model, moEVing aims to address the growing demand for sustainable and efficient last-mile delivery solutions, positioning itself as a key player in India's evolving logistics landscape.
How much funding has moEVing raised?
moEVing has raised a total of $12.5M across 2 funding rounds:
Angel/Seed
$10M
Other Financing Round
$2.5M
Angel/Seed (2021): $10M with participation from Dr. Anshuman Maheshwari (mu., Abhishek Poddar, Mukul Dhyani, Anand Dalmia, Mayank Gupta, Manas Fuloria, Bhanu Singhal, D.S. Brar, Nishant Sharma, Naresh Agarwal, IIFL Wealth, and Asset Management
Other Financing Round (2022): $2.5M, investors not publicly disclosed
Key Investors in moEVing
Dr. Anshuman Maheshwari (mu.
Dr Anshuman Maheshwari (mu. is identified as an investor in moEVing. While the provided domain suggests a connection to dental services, this investor's participation indicates a diverse interest in the burgeoning electric mobility and logistics sector.
IIFL Wealth
IIFL Wealth Management Ltd. is a prominent financial services group in India, known for its wealth management and investment banking services. Their involvement in moEVing's funding round highlights a strategic interest in supporting innovative companies within the logistics and clean energy sectors.
What's next for moEVing?
The recent strategic investment and overall enterprise-level capital infusion suggest moEVing is poised for significant expansion. This backing will likely fuel the scaling of its electric fleet, enhancement of its logistics technology platform, and potentially broaden its geographical reach within India. The company's focus on clean energy in logistics aligns with global sustainability trends and regulatory shifts, positioning it for continued growth and market leadership in the green logistics domain.
See full moEVing company page
