EvolveX accelerator, a startup accelerator led by the esteemed We Founder Circle (WFC), a global community of successful founders and strategic angels, has recently disclosed its investment in a Pre-Seed round of EVINDIA. EVINDIA is a groundbreaking influencer-driven social commerce platform catering to EV two-wheeler buyers.
Having emerged as a standout startup from EvolveX’s Cohort 2 launched in September 2022, EVINDIA garnered significant interest from investors. The Pre-Seed round was led by EvolveX Accelerator, with key investors such as Neeraj Tyagi, Gaurav VK Singhvi, and Vikas Aggarwal expressing their unwavering faith in EVINDIA’s innovative concept. The successful funding round in the pre-seed stage has laid a strong foundation for EVINDIA’s growth, enabling them to enhance their offerings and expand their operations.
Based in Ahmedabad, EVINDIA currently collaborates with renowned brands and their dealers, including OLA Electric, Tork Motors, HOP Electric, and TVS. As the startup ventures into its next phase of development, it actively seeks funding in its current bridge round, aiming to raise INR 1.25 Crore. The funds raised will be strategically allocated towards product development, business expansion, community support, and fostering a robust creator economy. With this support, EVINDIA is set to flourish and revolutionize the EV two-wheeler buying experience through its innovative platform.
Commenting on the investment, Bhawna Bhatnagar, Co-Founder of EvolveX, expressed her affirmation, stating, “EV is an emerging sector in India with 2-wheeler driving bigger pie in it. Platform like EVINDIA bringing lot of innovation for the consumer to make their firm decision of buying their first 2-Wheeler. Tarpan Vyas and his team have demonstrated exceptional vision and expertise in creating a platform that simplifies and enhances the EV ownership experience. At EvolveX, we firmly believe in their potential to make a significant impact in this space”.
Tarpan Vyas is a seasoned professional with over a decade of experience in high-growth, VC-backed startups and building communities at a national scale. Vyas envisions transforming how Indians choose, own, and experience electric vehicles through EVINDIA’s platform. The platform is dedicated to providing an uncompromised EV ownership experience to its community of EV owners.
On the fundraise, Tarpan Vyas, Founder and CEO of EVINDIA affirmed “We are deeply gratified by the unwavering trust shown by one of India’s prominent investors during the idea stages of our journey. Being alongside their esteemed portfolio of EV startups is truly inspiring, and their unwavering support over the past year has been pivotal in our transformative 0 to 1 journey. As we embark on the next phase of EVINDIA, we eagerly rely on their continued guidance and backing.”
EvolveX Accelerator’s investment in EVINDIA underscores its commitment to fostering innovative startups and driving the growth of the Indian startup ecosystem. With their support, EVINDIA is poised to disrupt the electric vehicle market and accelerate the adoption of sustainable transportation solutions in India.