EVage raises investment from Ola Electric co-founder, others
EVage, an electric vehicles (EV) and mobility tech startup, has raised an undisclosed amount of funding led by Ola Electric Co-founder and Senior Advisor Anand Shah. The other participants in this funding round include BryAir Director Varun Pahwa, and DMI Group partner Anmol Nayyar, according to a statement.
EVage is set to launch their first electric delivery van, which the startup says is a completely 'made in India' structure. The funds raised will be used to build vehicles and deliver the initial orders.
Anand Shah said, “India is poised to be a major market for electric vehicles, starting with heavy users who depend on vehicles for their businesses and livelihoods. EVage has spent several years developing innovations that make it easier to manufacture and deploy commercial electric vehicles. I am excited to support their capable team as they bring transformative new vehicles to the logistics market.”