Zyngo EV Mobility Pvt. Ltd., a tech-enabled third-party logistics service provider, has raised $5 million in a pre-Series A round led by Delta Corp Holdings Limited. The round also saw the participation of existing investor LC Nueva Investment Partners LLP. Founded in January 2020 by Prateek Rao provides last-mile delivery solutions through a fleet of electric vehicles (EVs).
The company caters to B2B and B2C consumers, focusing on intra-city logistics to fulfil their daily logistics and transportation needs. The startup plans to use the capital to increase fleet size, expand to new geographies, and enhance technology.