The raised funds will be strategically allocated towards product development, business expansion, supporting the community, and building a creator economy.
EvolveX accelerator, a startup accelerator spearheaded by a global community of successful founders & strategic angels, We Founder Circle (WFC), has announced its recent undisclosed investment in a Pre-Seed round of EVINDIA, an influencer-driven social commerce platform for EV two-wheeler buyers.
EVINDIA emerged as a prominent startup from EvolveX’s Cohort 2 launched in September 2022. The investment in EVINDIA was led by EvolveX Accelerator. Prominent investors like Neeraj Tyagi, Gaurav VK Singhvi, and Vikas Aggarwal participated. They demonstrated their unwavering faith in EVINDIA’s innovative concept. The successful pre-seed funding round established a solid foundation for EVINDIA’s growth. This allows them to enhance their offerings and expand operations.
Collaboration
Ahmedabad-based EVINDIA is currently collaborating with renowned brands and their dealers, including OLA Electric, Tork Motors, HOP Electric, and TVS. As the startup enters its next phase of development, it is actively seeking funding in their current bridge round with a target of raising INR 1.25 Crore. We will strategically allocate the raised funds towards product development, business expansion, supporting the community, and building a creator economy.
Commenting on the investment, Bhawna Bhatnagar, Co-Founder of EvolveX, expressed her affirmation, stating, “EV is an emerging sector in India with 2-wheeler driving bigger pie in it. Platform like EVINDIA bringing lot of innovation for the consumer to make their firm decision of buying their first 2-Wheeler. Tarpan Vyas and his team have demonstrated exceptional vision and expertise in creating a platform that simplifies and enhances the EV ownership experience. At EvolveX, we firmly believe in their potential to make a significant impact in this space”.
Tarpan Vyas- EVINDIA
Tarpan Vyas is a seasoned professional with over a decade of experience in high-growth, VC-backed startups and building communities at a national scale. Vyas envisions transforming how Indians choose, own, and experience electric vehicles through EVINDIA’s platform. The platform dedicates itself to providing an uncompromised EV ownership experience to its community of EV owners.
On the fundraise, Tarpan Vyas, Founder and CEO of EVINDIA affirmed “We are deeply gratified by the unwavering trust shown by one of India’s prominent investors during the idea stages of our journey. Being alongside their esteemed portfolio of EV startups is truly inspiring, and their unwavering support over the past year has been pivotal in our transformative 0 to 1 journey. As we embark on the next phase of EVINDIA, we eagerly rely on their continued guidance and backing.”
EvolveX Accelerator invested in EVINDIA to support innovative startups and boost the Indian startup ecosystem. Their commitment aims to drive growth and disruption in the electric vehicle market, encouraging sustainable transportation solutions in India.
About EvolveX Accelerator
The EvolveX Accelerator was founded by We Founder Circle in 2021. It’s a prestigious program supporting early-revenue startups from different sectors. The program’s mission is to take startups to the next level by providing them with a network of seasoned mentors and successful entrepreneurs.
EvolveX offers one-on-one mentorship sessions with angel investors and industry experts. Startups accepted into the program receive upfront funding of $20K and $200K worth of credits. EvolveX is committed to continuously providing opportunities for startups, and we accept applications on a rolling basis. To know more, visit: https://www.evolvexaccelerator.com/
About We Founder Circle
We Founder Circle was established in 2020 in Mumbai. It is a global community of successful founders and strategic angels. The purpose is to push the start-up industry and drive aggressive growth. WFC invests amounts ranging from USD 50K to USD 2Mn in early-stage start-ups fueled with ambition, sustainability, and a strategic approach.
WFC offers seed funding, business development, and global networking opportunities to start-ups. It believes early-stage start-ups need more than just financial support to succeed. In 2021, WFC facilitated investments worth USD 12 million across 33 start-up deals. Since its incorporation, WFC has invested in over 70 startups.
To know more, visit: https://www.wefoundercircle.com/
About EVINDIA
A Social Commerce platform is addressing the market gap by providing relevant information to prospective EV buyers. It aims to help them choose the right product that suits their needs. The platform also focuses on addressing pain points of stakeholders in the EV industry such as OEMs, distributors, governments, and end users. By tackling these bottlenecks, they aim to promote EV adoption in India through their unique market solution. To know more, visit: https://evindia.online/
