TL;DR
EV startup Pluto Mobility secured $2 million in seed funding to develop and pilot electric vehicles for last-mile delivery services in India starting in late 2026.
Pluto Mobility, an emerging EV startup in India, has successfully raised $2 million (₹18.21 crore) in seed funding. The round was led by Version One Ventures, with additional participation from Grad Capital and angel investors linked to prominent companies like Delhivery, OfBusiness, and Pixxel.
Founded in 2024, Pluto Mobility is focused on developing electric vehicles specifically tailored for last-mile delivery services. The capital secured will be channeled towards engineering, product development, and expanding the team. The company plans to initiate pilot deployments of its scooter-sized, fully covered electric delivery vehicles in select Indian cities later in 2026, aiming to offer increased load capacity while navigating dense urban traffic efficiently.
