The funding round was participated by Bryair director Varun Pahwa and DMI group partner Anmol Nayyar. The company is all set to launch it’s first ‘Made in India’ structure, four-wheeler electric delivery van with the Prime Minister Narendra Modi’s Atma Nirbhar (Self-Reliance) Program.

The EVage has a team of experts from various fields such as aerospace, automotive design and battery manufacturing industries which focuses on tackling the mobility needs of India’s logistics and e-commerce segments.

India’s first retrofitted electric light commercial vehicle launched by Etrio

Ola Electric

Ola Electric Shah said that “It is our privilege to have a visionary in the EV and mobility industry Anand Shah guiding us in this journey of ours. His experience with Ola Electric, BMW and Audi will only strengthen our long-term vision to make logistics efficient for our customers and promote clean transportation.”

In the 5 years of R&D, the company have designed electric vehicles like aerospace structures that pave the way towards building a new-age automobile company. With this fresh funding, the company aims to start delivery of the orders to its customers initially and build vehicles. EVage has some of the famous clients such as FMCG, retail, e-com and logistics companies.

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