MoEVing funding, investors and company details

MoEVing is an emerging Automobile - EV startup from Gurugram, working in the space of Electric Mobility focused Technology Platform with an aim to accelerate EV adoption in India.. Founded by Vikash Mishra, Mragank Jain.

Company: MoEving Urban Technologies Private Limited
Sector: Automobile - EV
Location: Gurugram
Founders: Vikash Mishra, Mragank Jain
Total funding raised: ₹59.13 Cr

Company overview

MoEVing is an electric mobility platform established in 2021, focused on transforming India’s logistics ecosystem through sustainable EV-based solutions. The company’s mission is to accelerate the adoption of electric vehicles in commercial transportation, with a strong emphasis on last-mile and intra-city deliveries. MoEVing offers electric pickup trucks and two-wheelers to logistics providers, enabling e-commerce, FMCG, and grocery delivery companies to lower carbon emissions while enhancing operational efficiency. Its technology-driven platform simplifies vehicle rental and fleet management by providing real-time tracking, analytics, and operational tools that help businesses optimize EV utilization. From a strategic standpoint, MoEVing plans to scale its fleet to 10,000 electric vehicles, including four-wheelers, and expand operations to over 30 cities across India, establishing a strong pan-India footprint.

Funding rounds

Latest round: $ 2.50 Mn (₹20.34 Cr.), 2022-11-02. Investors: JSW Ventures
Past round: $ 5.00 Mn (₹38.79 Cr.), 2022-05-11. Investors: GCC family offices, TradeCred, N+1 Capital, Strides One, NitishMittersain, Nazara Technologies