Pickkup, a mid-mile and last-mile logistics solutions provider committed, has successfully raised $500,000 in its Seed Round. The funding, led by We Founder Circle (WFC) and backed by marquee angel investors from India, Australia, and the USA, will propel Pickkup’s mission to augment sustainable logistics.
With this fresh infusion of capital, Pickkup aims to expand its electric fleet, strengthen its team, and enhance its tech-driven logistics infrastructure.
Ankush Sharma, Co-Founder and CEO of Pickkup.io, said, “Our vision is clear: to build a sustainable, tech-driven logistics ecosystem that maximizes fleet utilization while minimizing environmental impact. With this funding, we aim to optimize cross-utilization of our electric vehicles, ensuring they are operational for the maximum number of hours daily—a move that leverages the low operating costs of EVs for enhanced efficiency and affordability.”
Neeraj Tyagi, Co-Founder and CEO of We Founder Circle, reinforced the investment’s significance, stating, “Pickkup represents the future of logistics with its unwavering focus on sustainability and operational excellence. At We Founder Circle, we have been actively investing in the logistics sector, supporting success stories like Zypp Electric, Evify, and Traqo. We believe Pickkup is set to make a substantial impact with its tech-driven approach to decarbonizing logistics.”
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