3ev Industries Secures $13.4M Series A Funding

3ev Industries Private Limited has secured $13,400,000 in investment capital from investors. The company, which emerged in 2019, is focused on providing efficient and comprehensive solutions for last-mile connectivity within India's rapidly expanding population centres. This significant funding round underscores investor confidence in 3ev Industries' strategic approach to sustainable transportation and logistics. Leveraging decades of experience in off-grid clean-energy technologies, 3ev Industries' mission is centered on addressing the "hyper-local" needs of consumers and businesses. Its strategy involves building a network of community-embedded service clusters. These clusters utilize the efficiency of the company's proprietary electric vehicles, integrated with a robust IT platform, to offer scalable solutions for passenger, goods, freight, and value-added e-commerce fulfillment at the local edge. The newly raised capital will be instrumental in accelerating 3ev Industries' strategic expansion across India. The company plans to use the funds to further develop its network of service clusters, enhance its proprietary electric vehicle fleet, and strengthen its IT infrastructure. This investment is poised to support 3ev Industries' commitment to being a trusted service provider, meeting diverse needs at the hyper-local level and driving operational efficiencies. This funding round positions 3ev Industries to deepen its market penetration and reinforce its leadership in the last-mile connectivity sector. The company looks forward to expanding its reach and impact, contributing to sustainable transportation solutions, and empowering local economies through its integrated ecosystem.