EV Logistics Startup ‘eBikeGo’ Raises $1.5 Million In Pre-Series A Funding Round
eBikeGo, an EV logistics startup, has raised $1.5 million in pre-Series A round from a group of overseas and Indian investors.
The funding round also saw participation from Bollywood Singer Sukhbir Singh, Dr Brahmanand Mohanty (Professor at Asian Institute of Technology), Sameer Bulchandani (MD at Avdel India), Alparslan Kutukcuoglu (Chairman Of The Board at Mungo Befestigungstechnik AG), Vijay Sivaram (CEO at Quess Corp Limited), and Sumant Singhal (CEO at Chiripal Poly Films), among others.
As per the startup, it plans to scale to 30 cities, touch 20 million deliveries, and save 4,000 tons of carbon dioxide emissions by 2022, while continuing to be an asset-light business.
eBikeGo is also planning to expand to Sri Lanka, South Africa, and a few other markets by partnering with local companies through a platform-as-a-service model.
Started by Irfan Khan, eBikeGo is a shared EV-based last-mile logistics and micro-mobility platform. The startup aggregates last-mile delivery for all major players in e-commerce, food delivery, groceries, and urban mobility, who outsource their last-mile to the startup.
Talking about eBikeGo, Irfan Khan, Co-founder and CEO of eBikeGo, says,
“Currently, our e-bikes are doing about 275,000 deliveries and saving close to 30 tons of CO2 every month. With 10X growth expected in the next 12 months, and a 10,000 EV bike fleet strong platform, we aim to make a significant impact on the environment, and drive significant value to any business that is looking to scale up their delivery operations.”
eBikeGo has also partnered with local neighbourhood merchants and Kirana chains to transform their delivery operations with a tech-based delivery platform, powered by the EV advantage of the clean mode of delivery with time and cost economics.
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