When was Evify founded?

Evify was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Evify located?

Evify is headquartered in Surat, India. It is registered at OFFICE NO. 809 & 810, 8TH FLOOR, TITANIUM BUSINESS HUB, OPP. AKASH EMPIRE, BHIMRAD ROAD, Surat, SURAT, Gujarat, India, 395017.

Who is the current CEO of Evify?

Devrishi Nareshkumar Arora of Evify. They are also an angel investors in 1 startup.

Which legal entities is Evify associated with?

Evify is associated with EVIFY LOGITECH PRIVATE LIMITED.

How many employees does Evify have?

As of Aug 31, 2025, Evify has 38 employees, reflecting a 33% year-over-year decline in headcount.

Is Evify a funded company?

Evify is a funded company, having raised a total of $2.68M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 04, 2022.

How much is Evify worth?

The latest valuation of Evify is $***** as of Mar 18, 2026. This marks a decline of 7% from its peak valuation of $9.34M in Jul, 2022. This marks a decline of 7% from its peak valuation of $9.34M in Jul, 2022.

When was the latest funding round of Evify?

Evify's latest funding was a $***** Seed round on Jan 27, 2026, with participation from 0 investor. Its primary sector is Logistics Tech. In India, the Logistics Tech sector has seen $135M in funding in 2026 to date.

What is the annual revenue of Evify?

Annual revenue of Evify is less than ₹10 Cr as on Mar 31, 2025

Where does Evify rank among its competitors?

Evify ranks 10th amongst 90 active competitors, of which 28 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Astranova, which secured $6.49M in Apr, 2026.

Who are the top competitors of Evify?

Evify's top competitors include Zypp Electric, Alt Mobility and Baaz. Among them, Astranova secured the most recent funding round in April, 2026.

Evify - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of electric vehicle fleet for business-to-business delivery services. The company focuses on acquiring and maintaining electric vehicles. These vehicles are delegated to clients based on their delivery needs. A technology platform governs the process to ensure deliveries are completed in a timely manner.

Website: evify.co.in
Social
Email ID: *****@evify.co.in
Phone Number: +91 **********
Registered Address: OFFICE NO. 809 & 810, 8TH FLOOR, TITANIUM BUSINESS HUB, OPP. AKASH EMPIRE, BHIMRAD ROAD, Surat, SURAT, Gujarat, India, 395017

Key Metrics

Founded Year

2021

Location

Surat, India

Stage

Seed

Total Funding

$2.68M in 5 rounds

Latest Funding Round

Seed, Jan 27, 2026, $*****

Post Money Valuation

$***** as on Mar 18, 2026

Investors

Gujarat Venture Finance & 52 more

Ranked

10^th among 90 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

38 as on Aug 31, 2025

Similar Companies

Zypp Electric & 25 more

View Evify's full profile

Evify is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
EVIFY LOGITECH PRIVATE LIMITED CIN: U62013GJ2021PTC123993 , India, Active	Jul 09, 2021	0 - ₹10 Cr (As on Mar 31, 2025)	22 (As on Apr 01, 2026)

Evify has raised a total funding of $2.68M over 5 rounds. Its first funding round was on Jul 04, 2022. Evify has 16 institutional investors and 37 angel investors.

Here is the list of recent funding rounds of Evify:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 27, 2026	9352339	Seed	9415644	9502857	4284980	7608180
Mar 08, 2025	1540446	Seed	2614386	1343330	9873082	Pragya Vineet Mittal
Jan 05, 2024	7130253	Seed	8176699	6085750	Gujarat Venture Finance & 2 more	IVY Growth Associates & 12 more

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View details of Evify's funding rounds and investors

The founders of Evify are Vineet Kumar Vinod Kumar Mittal, Pragya Vineet Mittal, Devrishi Nareshkumar Arora and Saurabh Aggarwal. Devrishi Nareshkumar Arora is the CEO of Evify.

Here are the details of Evify's key team members:

Vineet Kumar Vinod Kumar Mittal: Co-Founder & Director of Finance of Evify and founder of 2 other companies, Navitas Solar and Renon. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
Contact Info: 3 email addresses and 1 phone number
Pragya Vineet Mittal: Co-Founder & CFO & COO of Evify. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Devrishi Nareshkumar Arora: Co-Founder & CEO of Evify. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Saurabh Aggarwal: Co-Founder of Evify.

Evify's Board of Directors

Evify's board has 3 active members. Pragya Vineet Mittal, Devrishi Nareshkumar Arora and Saurabh Rajan Nair are part of team.

Here is the list of Evify's board of directors:

Name	Type	Representing	Status	Duration
Devrishi Nareshkumar Arora	Team	-	Current	5y 1m
xswgcnh	Team	-	Past	3y 4m
Saurabh Rajan Nair	Investor	-	Current	0y 11m

View details of Evify's Founder profiles and Board Members

Evify's employee count trend

Evify has 38 employees as of Aug 25. The total employee count is 33.0% lower than what it was in Aug 24. Here is Evify's employee count trend over the years:

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Top competitors of Evify include Zypp Electric, Alt Mobility and Baaz. Here is the list of Top 10 competitors of Evify, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Zypp Electric 2017, Gurugram (India), Series C	Operator of electric vehicle rental services for last mile delivery	$76.5M	Ansh Investment, Indian Angel Network & 174 others	74/100
2nd	Alt Mobility 2020, Delhi (India), Series A	Provider of electric vehicle leasing and lifecycle management solutions	$17.3M	Eurazeo, PitchRight Ventures & 18 others	71/100
3rd	Baaz 2019, Delhi (India), Series A	Manufacturer of electric scooters and provider of battery swapping infrastructure	$13.2M	Alteria Capital, 100Unicorns & 19 others	67/100
4th	Magenta 2018, Navi Mumbai (India), Series A	Provider of electric vehicle fleets and charging infrastructure management services	$49.5M	Morgan Stanley, HPCL & 60 others	67/100
5th	Astranova 2023, Gurugram (India), Series A	Provider of EV asset management, leasing, and financing solutions	$11.5M	Asian Development Bank, AdvantEdge & 18 others	65/100
6th	ETO Motors 2018, Hyderabad (India), Seed	Manufacturer of electric three-wheelers, electric autos, and EV charging solutions	$15.2M	Trinity Infraventures, Y Capital & 14 others	64/100
7th	MoEving 2021, Gurugram (India), Series A	Electric mobility solutions for logistics companies	$15.3M	LetsVenture, LIC IT Professionals & 81 others	58/100
8th	Vok Bikes 2019, Tallinn (Estonia), Series A	Retailer of electric bikes and related accessories for personal transport	$11.1M	sqmlitio.com, Superangel & 25 others	55/100
9th	Enviiirowheels 2023, Mumbai (India), Unfunded	Provider of electric and green-fuel commercial vehicles for sustainable transportation	-	-	48/100
10th	Evify 2021, Surat (India), Seed	Provider of electric vehicle fleet for business-to-business delivery services	$2.68M	Gujarat Venture Finance, IVY Growth Associates ... & 51 others	47/100

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Looking for more details on Evify's competitors? Click here to see the top ones

Founders (largest shareholder) own 41.89%, Funds own 26.81%, Enterprises own 1.74% and Angels own 13.44%. The net worth of Evify's founders is INR 33.7Cr as of Mar 18, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	41.89%	33.7Cr	8809872	7879143	3336265	8410205
Devrishi Nareshkumar Arora	4997219	6666943	7550597	8433580	7587026	8374789
Pragya Vineet Mittal	6081705	9798932	9296113	9627255	1744397	2318288
Fund	26.81%	21.6Cr	1551596	2473464	8978712	8612633
Gujarat Venture Finance	6060593	4488375	5357077	8230841	9939978	5218832
Piper Serica	647584	168008	657051	740408	624960	866318
We Founder Circle	0	0	0	0	0	0
Enterprise	1.74%	1.4Cr	2	4	8	2
Angel	13.44%	10.8Cr	9250011	1930676	2270078	2423680
Jatinkumar Shah	5864	6546	6922	1180	4163	4016
Saurabh Juneja	0	0	0	0	0	0
Other People	7.33%	5.9Cr	8379950	3356588	4650896	3806777
ESOP Pool	8.79%	7.08Cr	4454873	1371541	1480317	6923963
Total	100.00%	80.5Cr	6554584	6915424	1680837	6662270