About Evify
Evify is a Transportation, Automotive & Logistics company based in Surat (India) founded in 2021 by Vineet Mittal, Devrishi Arora, Pragya Mittal, Aditya Singhania, and Saurabh Aggarwal. Local deliveries are facilitated through electric vehicles by Evify. It operates on a B2B2C and Green Energy-as-a-Service model in Transportation, Automotive & Logistics and Retail sectors. Evify has raised $3.23 million across 6 funding rounds from investors including We Founder Circle, Gujarat Venture Finance and IVY Growth Associates. The company has 40 employees. Evify was last valued at $6.44 million in January 2024. Its chief executive, as recorded, is Devrishi Arora. Its Indian entity Evify Logitech Private Limited reported revenue of ₹8.00 Cr. Evify offers products and services including Eveeto. Its focus areas include Transportation, Logistics and Green Logistics. Its competitors include Zypp Electric, 3eco and MoEving; 3 of its 3 listed competitors have raised funding.
Company details
Evify is engaged in providing B2B delivery services using electric vehicles. Operations are focused on green logistics, aiming for carbon-negative impact. The Eveeto platform is utilized for EV acquisition, maintenance, and client delegation. Services are offered across multiple cities in India, ensuring timely deliveries through a tech-driven approach. The company is positioned in the sustainable transportation sector.
- Headquarters Surat, India
- Employees 40
- Founders Vineet Mittal, Devrishi Arora, Pragya Mittal, Aditya Singhania, Saurabh Aggarwal
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsRetail
- Email••••••••
- Phone•••• ••••
- Website evify.co.in
- Social LinkedIn X Facebook Instagram
- Legal Name Evify Logitech Private Limited
- Date of Incorporation 09 Jul, 2021
- Jurisdiction Surat, Gujarat, India
- Annual Revenue₹8.00 Cr
FY 2025 · +74% YoY
- Net Loss-₹6.67 Cr
FY 2025 · -83% margin
- EBITDA-₹5.57 Cr
FY 2025 · -70% margin
- Total Equity Funding$3.23M (USD)
in 6 rounds
- Latest Funding Round$54.66K (USD), Seed
Jan 2026
- InvestorsWe Founder Circle
& 40 more
- Employee Count40
Associated legal entities of Evify
Evify operates through Evify Logitech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Evify Logitech Private Limited CIN U63030GJ2021PTC123993 | Active | 09 Jul 2021 | Surat, Gujarat | ₹8.0 Cr | 40 | 3 | View details |
Products & Services of Evify
Evify offers a comprehensive portfolio of products and services, including Eveeto.
Electric vehicle logistics service for B2B delivery needs.
Funding Insights of Evify
Evify has successfully raised a total of $3.23M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $54.66 thousand completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.23M
- Total Rounds 6
- Last Round Seed — $54,662
- First Round $197,682
(Jul 2022)
- Investors Count 41
All 6 funding rounds of Evify with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2026 | $54,662 | Seed | – | – | – |
| Mar 2025 | $930,335 | Seed | – | Gujarat Venture Finance, Jatinkumar Shah | |
| Jan 2024 | $1.3M | Seed | $6.44M | Gujarat Venture Finance, Piper Serica | |
| Mar 2023 | $200,000 | Seed | – | We Founder Circle | |
| Jan 2023 | $549,985 | Seed | – | We Founder Circle | – |
| Jul 2022 | $197,682 | Seed | $5.35M | We Founder Circle, Saurabh Juneja |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2024 | $6.44M | •••••••• |
| Jul 2022 | $5.35M | •••••••• |
Last known valuation $6.44M (Jan 2024). 41 investors in total: 11 institutional and 30 angel.
Investors in Evify
Evify has secured backing from 41 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include We Founder Circle, Gujarat Venture Finance and IVY Growth Associates.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in Indian startups across multiple sectors. | 1990 | gvfl.com | Ahmedabad, India | |
Private equity fund investing in multiple sectors | piperserica.vc | Mumbai, India | ||
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India | |
Angel network facilitating startup investments and investor connections in technology and sustainability sectors. | 2021 | ivygrowth.co.in | Surat, India | |
Venture capital firm focused on early-stage companies | gauravsinghviventures.com | Surat, India | ||
Private equity firm focused on multiple sectors | speedandscaleubators.tcc.mode | Surat, India | ||
Website development services are provided in Udham Singh Nagar, India. | softsolmediatech.tcc.mode | Udham Singh Nagar, India | ||
| softsolmediatech.com | ||||
Plastics packaging solutions, agriculture support, and renewable energy services are offered by Alpha Plastomers in India. | 1989 | alpha.co.in | Surat, India | |
Provider of financial services for investment industry | njfinbuzz.tcc.mode | Surat, India |
Investor details for Evify
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Evify Logitech Private Limited (Evify)
Evify Logitech Private Limited is the primary company behind Evify. The board of Evify Logitech Private Limited currently have 3 directors; the longest-serving is Devrishi Nareshkumar Arora, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devrishi Nareshkumar Arora DIN 09233986 | Director | 09 Jul 2021 | 5 yrs 3 mo | Evify Logitech Private Limited |
| Pragya Vineet Mittal DIN 09315775 | Director | 11 Sep 2021 | 5 yrs 1 mo | Evify Logitech Private Limited |
| Saurabh Rajan Nair DIN 10112215 | Nominee Director | 28 Jul 2025 | 1 yr 2 mo | Evify Logitech Private Limited |
People of Evify
5 people are tracked at Evify (5 in leadership); the tracked headcount is 40.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director of Finance | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & CFO & COO | Leadership | |
Aditya Singhania | Co-Founder | Leadership |
Saurabh Aggarwal | Co-Founder | Leadership |
Complete people profiles for Evify
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Financials of Evify
Figures of Evify Logitech Private Limited, the primary company behind Evify, for FY 2025. Revenue was ₹8.00 Cr (+74% year on year). Net loss was -₹6.67 Cr (-83% margin). EBITDA was -₹5.57 Cr (-70% margin). Revenue has grown at a compounded annual rate of +372% over three years.
- ₹8.00 CrRevenue · FY 2025 · +74% YoY
- -₹6.67 CrNet loss · -83% margin
- -₹5.57 CrEBITDA · -70% margin
- ₹79.3 LakhPaid-up capital
- 40Employees (provident fund records)
- +372%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Evify Logitech Private Limited are on its company page.
Detailed financial statements for Evify
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Evify
4 dated milestones of Evify across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Evify is founded.
- Funding First funding round of $198K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $55K.
Competitors of Evify
Evify has 3 listed competitors in our database, 3 of them funded. They include Zypp Electric, 3eco and MoEving.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zypp.app | 2017 | Gurugram, India | $50.34M | 913 | Electric vehicles are supplied for last-mile delivery and rental needs. | |
| 3eco.in | 2020 | Bengaluru, India | $10.81M | 706 | Hyper-local connectivity solutions are delivered for enterprise last-mile fulfillment. | |
| moeving.com | 2021 | Gurugram, India | $15.13M | 172 | Electric mobility solutions are provided for logistics last-mile deliveries. |
Detailed competitors of Evify
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Verified entity values are shown only after access is granted.
Web traffic of Evify
The website of Evify (evify.co.in) receives about 1.8K visits a month.
- Monthly visits1.8K
▼ 63.5% vs previous month
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Evify (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.37 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Evify
Complete news archive for Evify
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Frequently Asked Questions about Evify
Evify was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Evify is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Devrishi Arora is the CEO of Evify, as recorded in our data. They have also founded this company.
Evify is a funded company, having raised a total of $3.23M across 6 funding rounds to date. The company's 1st funding round was a Seed of $197.68K, raised on Jul 2022.
Evify has 40 employees.
The primary company behind Evify, Evify Logitech Private Limited, reported revenue of ₹8.00 Cr for FY 2025, up 74% year on year.
Evify is engaged in providing B2B delivery services using electric vehicles. Operations are focused on green logistics, aiming for carbon-negative impact. The Eveeto platform is utilized for EV acquisition, maintenance, and client delegation. Services are offered across multiple cities in India, ensuring timely deliveries through a tech-driven approach. The company is positioned in the sustainable transportation sector.
Evify's top competitors include Zypp Electric, MoEving and 3eco.
Evify has 41 investors. Key investors include We Founder Circle, Gujarat Venture Finance, IVY Growth Associates, Alpha Plastomers, and Piper Serica.
The valuation of Evify is $6.44M as of Jan 2024.
Evify operates through Evify Logitech Private Limited.
The legal entities of Evify currently have 3 directors, including Devrishi Nareshkumar Arora, Pragya Vineet Mittal, Saurabh Rajan Nair.