Angel Investments
Logistics-focused EV startup 3EV Industries raises $2-M
Bengaluru-based transportation and logistics focussed EV startup 3EV Industries has raised USD 2 million in seed funding round from several family offices. The company plans to use the funds for building new vehicles and for R&D. Founded in 2019 in partnership between Rugged Solar Products Pvt Ltd and ReBatt Ltd of Hong Kong, 3EV Industries aims to leverage the experience of its parent firms to use renewable energy and off-grid power systems to de-bottleneck last-mile logistics. The company manufactures vehicles across cargo and passenger segments along with kits to convert conventional vehicles to electric.
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