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Indian mobility tech startup EVage raises $28 mn – New Delhi News

Founded in 2014, Evage in India is supplying EV vehicles to main supply fleets comparable to Amazon India’s Delivery Service Partner.

The seed-spherical funding will assist the mobility tech startup full its manufacturing-prepared manufacturing unit outdoors of Delhi in FY2022-23 and scale up manufacturing, stated the startup.

“When we pioneered our highly adaptive and modular multi-vehicle platform in 2014, it was a journey into the unknown. The success of new global OEMs and their impact on electrifying transport in the US and Europe is a testament to what we can do in India and other price-sensitive countries,” stated Inderveer Singh, Founder and CEO, EVage.

EVage has developed a platform for trade-prepared electrical autos that exceed the standard of comparable choices out there in India and different rising markets at a far decrease value foundation, passing on vital whole value of possession (TCO) financial savings to its prospects.

EVage stated it can manufacture autos in ‘Modular Micro Manufacturing’ factories with smaller footprints and fewer capital necessities than conventional automotive OEMs.

EVage’s first automobile, the Model .X, is a one-tonne truck designed for the business supply automobile market, and is present process a seismic shift in the direction of electrification.

“The fact that such an innovative product is being used today by major fleet customers makes EVage a clear standout in their field – this is the team that’s actually delivering,” stated Prescott Watson, General Partner at RedBlue Capital.

Singh stated that they’re aggressively hiring from the highest automotive and aerospace corporations in India and globally.

Disclaimer: This story is auto-aggregated by a pc program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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