EVage Raises $28M in Seed Funding
- EVage, an Indian all-electric light commercial vehicle OEM, raised $28M in seed funding
- The company intends to use the funds to complete its production-ready factory outside of Delhi in FY 2022-23 and scale up production
- The company is an all-electric commercial vehicle OEM supplying EV trucks to major delivery fleets such as Amazon India’s Delivery Service Partner
- The company’s first vehicle, the Model .X (point X), is a one-tonne truck designed for the commercial delivery vehicle market
- It was designed and built in close coordination with early fleet customers including Amazon India’s Delivery Service Partner, to which EVag e is a supplier
- The company currently employs around 50 people from both Aeronautics and Automobile backgrounds at its R&D and Robotics centre in Mohali, India
