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.