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EV startup EVage raises $28 Mn to make commercial vehicles

Shortpedia

Content Team
Image Credit: startupcolleges

Electric commercial vehicle startup EVage has raised $28 Mn in seed funding from RedBlue Capital. Founded in 2019 by Inderveer Singh and Pulkit Srivastava, EVage aims to supply all-electric commercial vehicles to the delivery fleets of Indian logistics companies. It will use the freshly-infused capital to complete its ‘production-ready’ factory outside Delhi in FY2022-23 and scale up production.