EvolveX accelerator and We Founder Circle (WFC) announced its recent undisclosed investment in a Pre-Seed round of EVINDIA, an influencer-driven social commerce platform for EV two-wheeler buyers.
The investment was led by EvolveX Accelerator, with prominent investors including Neeraj Tyagi, Gaurav VK Singhvi, and Vikas Aggarwal, who demonstrated their unwavering faith in EVINDIA’s innovative concept. The successful pre-seed funding round laid a solid foundation for EVINDIA’s growth, allowing them to further enhance their offerings and expand their operations.
Ahmedabad-based EVINDIA is currently collaborating with renowned brands and their dealers, including OLA Electric, Tork Motors, HOP Electric, and TVS. As the startup enters its next phase of development, it is actively seeking funding in its current bridge round with a target of raising INR 1.25 Crore. The raised funds will be strategically allocated towards product development, business expansion, supporting the community, and building a creator economy.
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 brings a 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”.
