Mumbai ( Economy India ):Tech-enabled EV logistics and fulfillment platform TOCAL has raised 9 crore in a funding round led by XB Group, the parent company of K-Indev Logistics, to accelerate its expansion across India.
According to the company, XB Group committed ₹8.5 crore in the funding round, while Navyug Global Ventures, a family office, and Nivetha Muralidharan, a high-net-worth individual (HNI) investor, also participated.
The fresh capital will be used to expand TOCAL’s electric vehicle fleet, establish new fulfillment centres, and strengthen its technology-driven logistics infrastructure.
The investment also marks the beginning of a strategic partnership between TOCAL and K-Indev Logistics. The collaboration aims to build an integrated logistics platform that combines EV-powered last-mile delivery, fulfillment infrastructure, and nationwide logistics capabilities.
Company officials said the partnership is expected to improve operational efficiency, support sustainable transportation, and meet the growing demand for eco-friendly logistics solutions across India.
The latest funding reflects increasing investor interest in India’s electric mobility and logistics sector as businesses continue to adopt cleaner and technology-driven supply chain solutions.
( Economy India )
