Prakriti E-mobility has secured a lead investment from IEG Investment Banking Group as part of its $5 million pre-Series A funding round.
Prakriti E-mobility is planning to utilize the funds in-
- implementing technological advancements,
- expansion of EV fleet and
- empaneling EV charging stations into its mobile application over the country.
Prakriti E-mobility was founded by Nimish Trivedi, Rajeev Tiwari and Vikas Bansal in the year 2019. The company is an Delhi-based electric mobility startup that asset-light EV cab service provider for customers across B2C and B2B segments. Currently, the company is active in Delhi NCR through its flagship mobile application ‘Evera.’
Prakriti E-mobility claims to provide eco-friendly, comfortable, and sustainable mobility solutions to its customers. The company’s entire R&D process keeps an eye on creating solutions that can stimulate urbanization without harming the environment. The shared mobility in India will rise to 19% of total kilometers traveled, and passenger vehicles and EVs will account for 80 percent of it.
EXECUTIVE OPINION:
Nimish Trivedi, Co-founder and CEO, Prakriti E-mobility, said, “In a short span of 2.5-years, Prakriti E-mobility has clocked eight million green KMs across Delhi NCR with highest per employee revenue earned in this segment in India. The recent funding will be utilized to make holistic upgrades to the Evera application and launch across the B2B and intercity travel segments.”
“The EV industry in India is picking pace with 100 percent FDI possible, new manufacturing hubs, and an increased push to improve charging infrastructure. We are enthusiastic to further drive our expansion by adding more EVs in Delhi NCR and then venture out to tier-II cities The company will also be empaneling public charging stations on the EVERA app Pan-India so that even if we are not operating the cabs there, the consumer can still download and take advantage of locating a charging station,” added Trivedi.
