EV Start-up moEVing Raises $1 Million In Seed Funding

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Aiming to have a 100,000 plus electric fleet on road by 2025, the startup targets to abate 500,000+ MT of carbon emissions

moEVing, a Gurugram based tech-enabled electric fleet startup for urban mobility, has raised $1 million of seed funding in the initial round. It has also partnered with leading electric vehicle Original Equipment Manufacturers (OEMs) and launched operations in Delhi/NCR, Bangalore and Pune. 

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The EV startup had investors like Nagarro Founder & CEO Manas Fuloria, Kedaara Capital Co-Founder Nishant Sharma, Mukul Dhyani, Senior IT Executive based out of Europe, Naresh Agarwal, Head of India R&D, Traceable; Abhishek Poddar, MD at Macquarie (MIRA); Mayank Gupta, ex-KKR Director; and Fisdom Co-founder Anand Dalmia investing in the angel round.

The EV start-up caters to B2B clients across e-commerce, FMCG, 3PL & food delivery platforms. Founded by Vikash Mishra, moEVing aims to ensure carbon-free delivery for the last mile and middle mile segments.

Aiming to have a 100,000 plus electric fleet on road by 2025, the startup targets to abate 500,000+ MT of carbon emissions. 

moEVing aims to achieve with its Platform as a Service that brings all the electric mobility value chain players together to replace the ICE vehicles used by the industry with EVs.

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