Pickkup.io, a specialist in electric vehicle (EV) logistics, has secured $8.0 million in a recent funding round. The investment will support the company's ongoing expansion and its commitment to sustainable last-mile and mid-mile delivery solutions.
The company operates a fleet of 4W commercial electric vehicles, providing cost-efficient and environmentally friendly logistics services for businesses of all sizes. Pickkup.io focuses on "green kilometers" to reduce carbon emissions while ensuring seamless intracity and intercity logistics operations. Its services cater to individual businesses, corporate clients, and e-commerce platforms through both on-demand and corporate client models. Pickkup.io began its operations in Mohali and Chandigarh and has since expanded its presence to Delhi, Gurgaon, Noida, and other regions within the National Capital Region (NCR).
This capital infusion is significant for Pickkup.io as it aims to strengthen its market position in the rapidly growing EV logistics sector. The company plans to strategically deploy the funds to scale its operations, expand its fleet of electric vehicles, and enhance its technological infrastructure to further optimize its logistics network. This investment underscores confidence in Pickkup.io's sustainable business model and its potential to drive innovation in the logistics industry.
Looking ahead, Pickkup.io is poised to accelerate its growth trajectory and broaden its geographical reach. The company remains dedicated to its mission of building a greener future by continuing to provide quality, sustainable logistics services and making a positive impact in the industry through its innovative EV solutions.
.png&w=3840&q=75)
