Delhi, Feb 19: Pluto Mobility, a Delhi-based electric mobility start-up focused on last-mile logistics, has raised $2 million in a seed funding round led by Version One Ventures along with participation from Grad Capital. The round also saw participation from founders and senior executives from companies such as Delhivery, OfBusiness, Pixxel and Boom Supersonic.
Founded by Akshat Bhatia and Himanshu Panda, Pluto Mobility is building delivery-grade electric vehicles designed specifically for India’s last-mile delivery conditions. The company plans to use the funds to strengthen its engineering and product development capabilities, expand its team, and prepare for pilot deployments across key urban markets.
Pluto builds scooter-sized delivery vehicles in a unique design form. The vehicle is fully covered , capable of handling harsh weather, and has an ability to carry 2x more orders than a usual 2-wheeler. Pluto has taken an approach of engineering from the ground up by rethinking core engineering and design around real-world delivery use cases, allowing logistics operators to improve throughput by carrying 2x orders and reliability with their vehicle without increasing operational complexity or cost.
Today, most last-mile delivery fleets operate on standard two-wheelers originally designed for personal mobility, not the high-frequency, multi-drop workloads of logistics. This forces operators into a trade-off between overloading vehicles and compromising safety, or shifting to larger vehicles that struggle in dense urban environments. Pluto Mobility addresses this gap by engineering a fully covered, scooter-sized electric vehicle designed to safely carry up to twice the number of orders per trip while preserving manoeuvrability and durability of a 2W.
“India’s last-mile challenge isn’t speed, incentives, or apps. It’s that delivery operations are built on vehicles never designed for delivery workloads,”
said Akshat Bhatia, CEO of Pluto Mobility.
“That mismatch caps how much can be moved per trip, increases failures at scale, and quietly affects delivery economics.”
“Pluto Mobility is taking a fundamentally different approach to last-mile delivery by designing vehicles specifically for throughput and operational reliability,” said Boris Wertz, Founding Partner at Version One Ventures.