eBikeGo, the Mumbai-based electric vehicle-based last-mile logistics firm, announced it has raised $1.5 million in a pre-Series A funding from a clutch of new and existing domestic and foreign individuals.
Investors that participated in the round include bollywood singer Sukhbir Singh, Quess Corp Ltd CEO Vijay Sivaram, Asian Institute of Technology’s Brahmanand Mohanty, and Mungo Befestigungstechnik AG chairman Alparslan Kutukcuoglu.
Other participants include Avdel India managing director Sameer Bulchandani, Chirpal Poly Films CEO Sumant Singhal, eBikeGo said in a statement.
Prior to this, the startup says it raised $700,000 last year from a clutch of angel backers and firms, including GSF Accelerator’s Rajesh Sawhney, Sarcha Advisors’ Rohit Chanana, Startup Buddy, and Girish Chitale.
Founded in 2019, eBikeGo is operated by Think Ebikego Pvt Ltd. The startup says its platform does last-mile delivery for sectors including e-commerce, food delivery, groceries, and urban mobility.
“Currently our e-bikes are doing about 275,000 deliveries and saving close to 30 tonnes of carbon dioxide every month. We aim to make a significant impact on the environment and drive significant value to any business that is looking to scale up delivery operations,” Irfan Khan, co-Founder and CEO of eBikeGo, said.
eBikeGo also partners with franchisee owners, non-banking financial companies (NBFCs) and original equipment manufacturers (OEMs) through asset leasing models.
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