Indian Electric Van Maker For Amazon Raises Funds


Indian start-up EVage, which is building electric delivery vans for e-commerce and logistics companies including Amazon.com Inc, has raised $28 million from U.S.-based venture capital firm RedBlue Capital, the company said on Friday.
The seed money will help EVage complete its factory in northern India and begin delivery of "thousands of vehicles" that are on order, Inderveer Singh, the company's founder and chief executive told Reuters.
Singh did not comment on the number of orders but said it has been working with companies, including Amazon, to design and test its one-tonne electric van which it will launch this year.
Like electric vehicle (EV) makers Rivian in the United States and Arrival in the UK, EVage is betting on a global shift by delivery companies to cleaner mobility.

The company has been working with companies, including Amazon, to design and test its one-tonne electric van which it will launch this year.
In India's nascent EV market, Amazon aims to have 10,000 EVs for deliveries by 2025 while Walmart Inc's Flipkart plans to have 25,000 EVs by 2030. EVage is the first company building an electric van in India from the ground-up.
"Vehicle miles traveled on EVs in India will explode with this shift in movement of goods, and electrifying this segment is a huge opportunity," Olaf Sakkers, general partner at RedBlue Capital said.
Compared with the West, India and markets like Southeast Asia, Africa and Latin America have unique demands in terms of the price and capacity of the vehicle, road conditions and weather, said Sakkers, whose firm invests in mobility start-ups globally.
"We see EVage as more of a Rivian and Arrival for developing markets," he said.
Related News
Latest Cars
- Maruti Suzuki
VictorisExpected Price₹‚¹ 11.93 - 23.19 Lakh - VinFast
VF7Expected Price₹‚¹ 24.23 - 29.57 Lakh - VinFast
VF6Expected Price₹‚¹ 19.13 - 21.22 Lakh - Citroen
Basalt XExpected Price₹‚¹ 8.72 - 13.21 Lakh - Mercedes-AMG
CLE 53Expected Price₹‚¹ 1.45 Crore - Renault
TriberExpected Price₹‚¹ 5.76 - 8.6 Lakh - MG
M9 EVExpected Price₹‚¹ 81.08 Lakh - BMW
2 Series Gran CoupeExpected Price₹‚¹ 48.72 - 50.76 Lakh - Tesla
Model YExpected Price₹‚¹ 69.47 - 78.75 Lakh - Kia
Carens Clavis EVExpected Price₹‚¹ 20.87 - 28.41 Lakh
Upcoming Cars
Trending News
Latest News
- Jafar Rizvi | Sep 25, 2025GST 2.0: Honda CB650R, CBR650 Prices Increased By Up To Rs 76,000The CB650R and the CBR650R are now priced at Rs 10.30 lakh and Rs 11.16 lakh (ex-showroom).2 mins
- Jafar Rizvi | Sep 25, 2025GST 2.0: Honda Rebel 500, NX500 Prices Hiked By Up To Rs 43,000The NX500 ADV is now priced at Rs 6.33 lakh while the Rebel 500 costs Rs 5.49 lakh (both, ex-showroom).2 mins
- Jafar Rizvi | Sep 25, 2025VLF Mobster 135 Launched In India At Rs 1.30 LakhThe Mobster 135 is VLF's first ICE scooter to launch in India, following the introduction of the Tennis electric scooter.2 mins
- Amaan Ahmed | Sep 25, 2025New Skoda Octavia RS India Launch On October 17; 100 Units To Be Imported In 2025The launch of the fiery RS – being shipped in as a fully built-up car – will also mark the return of the famed Octavia nameplate to the Indian market after a near two-and-a-half-year hiatus.1 mins
- car&bike Team | Sep 24, 2025Baja Pulsar NS400, Dominar 400 Prices Remain Unchanged Post GST HikeAs with the Triumph 400 series and the KTM 390 series, Bajaj Auto has chosen to absorb the additional cost of its Pulsar NS400 and Dominar 400 to keep prices unchanged post GST 2.0.1 mins
- car&bike Team | Sep 24, 2025Aprilia SR-GP Replica 175 Launched In India At Rs 1.23 LakhSpecial Edition SR175 scooter gets a livery inspired by Aprilia’s 2025 MotoGP race bikes.1 mins