Friday, 24 March, 2023

All-electric commercial vehicle startup EVage raises $28M

<p>EVage, an all-electric commercial vehicle startup, has raised a $28M seed round led by new U.S.-based venture capital firm RedBlue Capital. The startup already has five electric trucks on the road for a variety of e-commerce clients, including Amazon. It plans to complete its production-ready factory outside Delhi in Q1 2022. The startup plans to manufacture vehicles in Modular Micro Manufacturing factories, which should have smaller carbon footprints.</p>