Pluto Mobility, an electric vehicle (EV) startup, has raised $2 million in a seed funding round. The funding was led by Version One Ventures, with participation from Grad Capital and founders/executives from companies like Delhivery, OfBusiness, Pixxel, and Boom Supersonic.
With the new capital, Pluto Mobility aims to enhance its engineering and product development, grow its team, and initiate pilot deployments in key urban markets. Co-founded by Akshat Bhatia and Himanshu Panda, the Delhi-based startup specializes in electric vehicles for last-mile logistics.
Pluto Mobility’s focus is on creating scooter-sized, fully enclosed electric delivery vehicles that are resilient in adverse weather and can handle double the orders of traditional two-wheelers. The company prioritizes throughput, durability, and cost efficiency in its vehicle design, while keeping fleet complexity low.
Pluto Mobility plans to kick off pilot deployments in 2026, targeting e-commerce and quick-commerce operators, as part of its commitment to revolutionizing last-mile delivery with sustainable EV solutions.
Source: Entrackr : Latest Posts