Logistic start-up Pickkup raises USD 500K in Seed Round

Pickkup, a leading mid-mile and last-mile logistics solutions provider with a mission to decarbonise the light commercial vehicle (LCV) delivery segment, has successfully raised  USD 500K in its Seed Round. The round was led by We Founder Circle (WFC), with participation from marquee angel investors from India, Australia, and the USA. 

The funding has strengthened Pickkup’s war-chest required for enhancing the fleet. The funds will be strategically utilised to expand Pickkup’s electric fleet, enhance its team, and invest in advanced technology to bolster logistics efficiency. 

"Our vision is clear: to build a sustainable, tech-driven logistics ecosystem that maximizes fleet utilization while minimizing environmental impact," said Ankush Sharma, Co-Founder and CEO, Pickkup.io , adding that, "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, We Founder Circle remarked, "Pickkup represents the future of logistics with its unwavering focus on sustainability and operational excellence.  At We Founder Circle, we have been constantly investing in the logistic sector and created good success stories like Zypp Electric, Evify, Traqo and we believe Pickkup is all set to create big impact with its tech-driven approach to decarbonizing logistics."

Founded on the principles of sustainability and innovation by Ankush Sharma (CEO), Chandra Shekhar (CTO), Upma Sharma (COO) in Chandigarh, Pickkup is redefining logistics by deploying a 100% electric fleet, integrating cutting-edge technology to improve delivery efficiency, and actively contributing to decarbonisation efforts. With a growing need for eco-friendly logistics solutions, the company is poised to set new benchmarks in the industry.