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EVage

EVage Pvt. Ltd. Is a Chandigarh based EV company that is manufacturing EVs for last mile delivery with the best in class space, range and durability.

Logistics, Manufacturing, Mobility / Transportation, Automotive

Basic Information

EVage Pvt. Ltd. Is a Chandigarh based EV company that is manufacturing EVs for last mile delivery with the best in class space, range and durability. The company has been working on this project for almost 5 years and has built multiple cars before reaching the final model. They are now in the process of final production and setting up an assembly line. The company has five IPs which they are in the process of applying.

Legal Name

:

EVage Ventures Pvt. Ltd.

Headquarters

:

Chandigarh, Punjab, India

Business Model

:

B2B

Founding Date

:

Feb 2019

No. of Employees

:

21 to 40

Core Team

:

1.

Pulkit Srivastava

Co-Founder

2.

Inderveer Singh

Founder & CEO

Timeline

2019

Company Incorporation

Feb | Company Incorporation

We are India's first 'new age' car company, manufacturing four wheeler commercial EVs.

Revenue Stream

Physical Commerce

Renting / Leasing

Target Market

B2B

Anyone who needs 4 wheeler electric vehicles for deliveries

Client Segment

:

E-Commerce, Energy, FMCG, Mobility / Transportation

Target Companies

:

Large Enterprise

Target Geography

:

India Tier 2, India, India Tier 1, India Tier 3

Funding

Total Funding

$28.0M

Investors

:

1.

Anand Shah

2.

Varun Pahwa

3.

Anmol Nayyar

4.

RedBlue Capital

See More

Detail Round Breakdown

Round 1

$28M

Series Name

:

SEED

Date

:

14th Jan 2022

Investors

:

1.

RedBlue Capital

Features

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[Funding alert] Four-wheeler EV startup EVage raises $28M in seed round from RedBlue Capital

[Startup Bharat] Chandigarh-based EVage is driving towards a greener future with its Made-in-India four-wheeler

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