BizDateUp Invests Rs 5 crore in EV Startup VOICE to Drive Sustainable Mobility Innovation
EV startup VOICE has raised Rs 5 crore in funding from BizDateUp, one of the largest ecosystem enablers for startups.
The investment marks a significant step in advancing VOICE’s mission to set new standards in India for eco-friendly transportation while driving innovation in the electric vehicle industry.
“Our mission is to revolutionize last-mile delivery logistics through sustainable mobility and manpower solutions. Our fleet of EVs has already proven that electric vehicles can deliver exceptional performance while significantly reducing operational costs,” said Arun Kumar, Founder and CEO of VOICE.
Purpose of fundraising
The startup plans to use the raised capital to scale its operations by deploying 2,500 electric vehicles (EVs) and expanding its presence across Tier 2 cities in India, broadening its impact on sustainable last-mile delivery solutions.
“With the support of this investment, we’re poised to accelerate our growth and expand our innovative EV solutions into underserved Tier-2 cities, driving India toward a cleaner, more sustainable future. Furthermore, the durability of our vehicles, combined with a robust service network, ensures we uphold our high service standards as we scale,” Kumar added.
VOICE’s market presence
VOICE claims its revenue has grown nearly sixfold, with orders fulfilled increasing from 5 lakhs to 20.94 lakhs. Meanwhile, its rider workforce expanded to almost three times the previous number.
“The industrial products sector serves as a backbone of the Indian economy. According to a report, the logistics Industry alone is responsible for 25% of the global carbon emissions. Therefore with increasing support from government policies and initiatives, businesses are now recognizing the importance of integrating environmental, social, and governance (ESG) principles into their core strategies,” said Jeet Chandan, Founder of BizDateUp.
“VOICE exemplifies the future of logistics, one that integrates sustainability, technology, and innovation. At BizDateUp, we are committed to investing in companies driving positive environmental change and building a smarter, greener world. We firmly believe in VOICE’s vision and are confident in their potential to transform the logistics landscape with their innovative solutions,” Chandan added.