Zyngo Raises $5 Mn To Help Ecommerce Companies Deploy EV Fleets For Logistics Ops

Zyngo Raises $5 Mn To Help Ecommerce Companies Deploy EV Fleets For Logistics Ops

SUMMARY

The startup aims to use the funds to enter newer geographies in the country

It does about 3 Lakh deliveries per month and has a fleet size of 1150+ vehicles- including both two and three-wheeler EVs

Zyngo’s EVs are either leased or sourced from OEMs including Hero Electric, Piaggio, Kinetic Green, Mahindra Electric, among others

Third party logistics startup Zyngo EV has raised $5 Mn in a Pre-Series A round led by Delta Corp Holdings. Existing investor LC Nueva Investment Partners LLP also participated in the round. 

Zyngo has stated that the funds will be used for expanding fleet size, entering new geographies and to enhance technology. Founded in 2020 by Prateek Rao, the startup caters to B2B and B2C consumers with intra-city logistics and other transportation needs. 

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