EV Logistics Startup Zyngo Secures $5 Million in Pre-Series A Round

9 May 2023, 12:30 pm · 1222d ago · 1 min read · indianweb2.com

Amount

$5M

Stage

Pre-Series A

Lead

Delta Corp Holdings

Gurugram-based electric vehicle logistics startup Zyngo EV Mobility has secured $5 million in a Pre-Series A funding round led by Delta Corp Holdings. Existing investor LC Nueva Investment Partners also participated in the financing round. Founded in January 2020 by Prateek Rao, Zyngo provides tech-enabled third-party last-mile delivery solutions across B2B and B2C segments using an all-electric fleet. The company plans to use the freshly raised capital to expand its EV fleet size, enter new geographical markets across India, and upgrade its proprietary logistics technology stack to improve intra-city delivery efficiency.