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Hyderabad-based Enmovil Gets 10 Crore Funding
A logistics tech startup from Hyderabad, Enmovil Solutions, raised Rs 10 crore in Pre-Series A funding led by Anicut Angel Fund.
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Guru Prasad
Hyderabad
Tue Dec 14 2021
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Hyderabad-based Enmovil Gets 10 Crore Funding
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A logistics tech startup from Hyderabad, Enmovil Solutions, raised Rs 10 crore in Pre-Series A funding led by Anicut Angel Fund. The company also saw Blackbird Investments, KCT Group, and RB Investments participation in this round. The new infusion of funding will amplify the company’s innovation journey to deliver first-in industry, advanced technology solutions for field and yard logistics.


Enmovil, founded in 2015 by Nanda Kishore, Ravi Bulusu, and Venkat Moganty, delivers an OEM-centric multi-modal logistics technology platform optimizing end-to-end field and yard logistics operations.


Enmovil’s “auto metrics” include machine learning-driven algorithms that strengthen the power of the internet of things and super-integration of data from diverse unstructured sources to automate material and fleet movement from the warehouse to the dealer.


The company is witnessing growth in adopting its solution with the pan-India deployment of their hardware and software solutions by HPCL, Maruti Suzuki, and Hero Motors for their end-to-end logistics optimization.


Speaking about the capital infusion, Ravi Bulusu, MD, Enmovil Solutions, said that their AI-driven platform empowers their logistics customers from planning their short and long-haul logistics while ensuring material integrity and vehicle safety.


The intention of Enmovil is to leverage the fresh capital to accelerate its innovation roadmap by expanding its sales team and strengthening R&D.The co-founder, Anicut Angel Fund, Ashvin Chadha, added that OEM Logistics has immense potential yet to be explored and disrupted.


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Hyderabad-based Enmovil Gets 10 Crore Funding
Hyderabad-based Enmovil Gets 10 Crore Funding
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