MoEVing raises $5 million in seed funding

MoEVing, one of the leading full stack electric mobility platforms, has raised $5 million in seed funding from investors such as BeyondTeq, a UAE-based venture capital firm, GCC family offices, Strides One, TradeCred, N+1 Capital, Nitish Mittersain, and others.

MoEVing is well-known for providing solutions to top e-commerce, e-grocery, FMCG, and D2C enterprises to help them reduce logistics costs and carbon emissions. It also collaborates with original equipment manufacturers (OEMs), fleet owners, and financial institutions to overcome a number of barriers to EV adoption.

Vikash Mishra and Mragank Jain, along with a strong leadership team with sectoral expertise and experience managing a large electric vehicle fleet that has travelled over 100 million kilometres, created MoEVing in January 2021. They also have extensive knowledge of technological products and platforms, as well as business growing experience.

The startup has swiftly electrified mobility by disrupting last-mile intracity delivery in the last year, altering a market of two million automobiles.

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