Â Its EVs are connected to their technology platform on a real-time basis, which enables them to gather intelligence around the behaviour of battery, vehicle and even of the driver.
The e-mobility technology lead platform MoEVing, announced that it has raised $5 million in seed funding from various investors in the business that includes automotive industry experts, entrepreneurs, and private equity and investment banking professionals, as the company aims to expand its facilities to be more stable in the business field. Currently, the company is operating around 600 electric vehicles in 10 cities and aims to stretch the figures to 10,000 EVs and adding 100 electric charging hubs in approximately 30 cities by the year 2023.
MoEVing, based in Gurugram and founded in January 2021, by Mragank Jain and Vikas Mishra, is a platform that provides solutions for the demand to e-commerce, E-grocery, logistics, and fast-moving consumer goods and help the D2C companies to optimize the cost of logistics and reduce the harmful carbon emissions. It also works with original equipment manufacturers (OEMs), driver cum owners and financial institutions to address constraints that are coming in the way of EV adoption on the supply side. MoEVing is a company with a vision to transform the Electric Vehicle ecosystem to accelerate the adoption of EV in India for the precautionary measures to nature. Its EVs are connected to their technology platform on a real-time basis, which enables them to gather intelligence around the behaviour of battery, vehicle and even of the driver.
According to the company, the investors that joined the group in the latest round include D.S. Brar (Promoter-Chairman, Aragen Life Sciences), Anshuman Maheshwary (COO, IIFL Wealth and Asset Management), Govind Agarwal, Krishnadeva Veerareddy (serial tech entrepreneur), Dr. Srihari Kalidindi (Executive Director & COO Viyash life sciences), D.N.Reddy (Managing partner, Vindhya Group),Â Ashish Goel (Founder, Urban Ladder), Vijay Dutt (Founder, Citadel Management Consulting).
MoEVing is a company with a vision to transform the Electric Vehicle ecosystem to accelerate the adoption of EV in India for the precautionary measures to nature.
MoEVing has also partnered with Electric Vehicle startup companies to launch the facility in various cities across the nation. These include Altigreen, that tied up with MoEVing to launch its EVs in Delhi, Bengaluru and Chennai. MoEVing also partnered with EVRE to setup the 1000 EV charging stations pan India.
Both the founders of the company, Mragank Jain and Vikas Mishra have worked with some of the reputed companies before giving MoEVing their best shot.
Â â€œCommending policy push from the Government has created the right environment for EV adoption. We believe, the last mile delivery space will be fully boosted by 2025.â€ said Vikash Mishra, Founder and CEO of MoEVing.
Founder and CSO of MoEVing, Mragank Jain, added, â€œElectrification of the fleet requires fundamental changes in the operational approach including routing algorithms, charging solutions and financing solutions. We are building a platform that provides full-stack technology solutions including delivery, charging, financing and analytics solutions thereby making EV adoption a seamless process,â€.
MoEVing not only provides suited solutions to the business keeping in mind the reduction of the harmful emissions, but also promotes the women of the women in the business. Earlier this year, the company started the mission to motivate the mobility with 50% women leadership. The company even has females working as drivers and also as leaders of several departments.
Earlier this year, the company started the mission to motivate the mobility with 50% women leadership.