Pickkup raises $500K to expand electric fleet & green logistics
Pickkup raises $500K led by WFC to expand its 100% electric fleet & drive sustainable last-mile logistics.
Chandra Shekhar (CTO), Upma Sharma (COO), Ankush Sharma (CEO), at Pickkup
Pickkup, a pioneering logistics solutions provider specializing in mid-mile and last-mile deliveries, has successfully raised $500K in a seed round led by We Founder Circle (WFC), with participation from notable angel investors from India, Australia, and the USA. This investment marks a significant milestone in Pickkup’s mission to decarbonize the light commercial vehicle (LCV) logistics sector and enhance fleet efficiency through advanced technology.
The funds raised will be strategically deployed to expand Pickkup’s 100% electric fleet, strengthen the team, and invest in cutting-edge logistics technology. With the growing demand for sustainable last-mile solutions, Pickkup remains committed to delivering cost-effective, high-efficiency logistics services while reducing environmental impact.
Ankush Sharma, Co-founder and CEO of Pickkup, stated, “Our vision is clear: to build a sustainable, tech-driven logistics ecosystem that maximizes fleet utilization while minimizing environmental impact. With this funding, we aim to optimize cross-utilization of our electric vehicles, ensuring they remain operational for the maximum number of hours daily. This strategy leverages the low operating costs of EVs, enhancing both efficiency and affordability.”
We Founder Circle Backs Pickkup’s Green Logistics Vision
We Founder Circle (WFC), an early-stage investment platform, has been actively supporting logistics and mobility startups, backing successful ventures such as Zypp Electric, Evify, and Traqo.“Pickkup represents the future of logistics with its unwavering focus on sustainability and operational excellence,” remarked Neeraj Tyagi, Co-founder and CEO of We Founder Circle. “At WFC, we have consistently invested in the logistics sector and have helped scale category leaders. We believe Pickkup’s tech-driven approach will create a significant impact in decarbonizing logistics.”
Founded in Chandigarh by Ankush Sharma (CEO), Chandra Shekhar (CTO), and Upma Sharma (COO), Pickkup is committed to setting new industry benchmarks by integrating technology-driven logistics solutions with a fully electric fleet. By reducing carbon emissions and optimizing fleet efficiency, we are redefining sustainable logistics in India.
