EV mobility platform ZEVO and AI startup Nayan Tech raise funding

Nayan Tech, an AI-based startup and tech-enabled EV mobility platform ZEVO have raised funding, according to companies' statements today, October 7.

Nayan Tech gets $2 million in pre-Series A funding 

AI-based startup Nayan Tech which provides smart city solutions for traffic monitoring, municipal automation, urban infrastructure management driver behaviour monitoring, fleet management, and passenger safety has raised $2 million funding from BEENEXT, We Founder Circle, Venture Catalysts, Lets Venture, and FAAD Capital.

Founded by Jayant Ratti, Nayan Tech aims to revolutionise how cities manage their urban infrastructure. Through the integration of AI, computer vision, and IoT devices, Nayan’s solutions provide real-time insights for urban planners, city administrators, and businesses.

Nayan Tech plans to utilise the funds to expand its AI-powered offerings and scale its operations across more Indian cities as well as internationally in US, South East Asia, UAE and others. 

ZEVO secures $2 Million from Pegasus, BizDateUp, JIIF & Family Office

ZEVO, a powerhouse tech-enabled EV mobility platform, has secured $2 million in a pre-Series A round of funding. The investment was led by Pegasus India Fund, BizDateUp, JIIF, and a family office, marking a significant milestone in ZEVO’s journey towards revolutionising the electric vehicle supply chain and logistics industry.

ZEVO is set to upgrade its technological infrastructure to optimise logistics and supply chain management. The company plans to expand its footprint to new cities and strengthen its presence in tier 2 and tier 3 cities, bringing sustainable mobility solutions to a broader audience.

Meet Jain, co-founder of BizDateUp, said, "At BizDateUp, we focus on identifying businesses that have the potential to create lasting change, and ZEVO stands out as a key player in the EV mobility space. This investment is not just about financial support but about partnering with a company that is set to redefine logistics with its sustainable solutions. Recently, the Union Transport Minister highlighted India's potential to become the top exporter of electric two-wheelers, and we believe that ZEVO is well-positioned to contribute to this vision. We are excited to be part of ZEVO’s journey as they expand their electric fleet and help drive the transition to a greener, more efficient future for the logistics industry."