MoEVing raises $5 Mn seed capital

EV startup MoEving has raised $5 million in a seed capital from angels including D.S. Brar, Anshuman Maheshwary, Dr. Srihari Raju Kalidindi, D.N.Reddy, Ashish Goel, Krishnadeva Veerareddy, Vijay Dutt, Govind Agarwal, Chaitanya Kamdar, Subodh Gupta and Mukesh Tiwari.

Founded in January 2021, MoEVing is an EV logistics-tech company which provides full-stack technology solutions including delivery, charging, financing and analytics solutions.  

The platform, on the demand side, provides solutions to e-commerce, e-grocery, FMCG, logistics and D2C companies to optimize their logistics costs and, on the supply side, it works with OEMs, driver cum owners and financial institutions to help address constraints while adapting to the EV ecosystem.

The Gurgaon-based company currently operates 600 EVs in 10 cities and aims to scale to 10,000 EVs, 100 Charging Hubs in 30 cities by 2023. The firm serves a clientele that includes large e-commerce, e-grocery, FMCG, logistics and D2C companies.