Tocal, a Bengaluru-based electric vehicle logistics startup, said on July 6 it raised 90 million rupees (US$945,000) to expand operations and set up fulfilment centers.

XB Group, the parent of K-Indev Logistics, committed 85 million rupees (US$893,000).

Navyug Global Ventures, described as a family office, and investor Nivetha Muralidharan also took part.

Founded by Dhairyasheel Deshmukh, the company operates in Bengaluru and serves ecommerce, quick commerce, and direct-to-consumer brands.

It also offers fulfilment centers, fleet management software, and rider support services.

Tocal did not disclose previous funding, its current fleet size, or customer scale in the announcement.

The deal also marks the start of a collaboration between Tocal and K-Indev Logistics to build a logistics platform combining EV-powered last-mile delivery, fulfilment infrastructure, and nationwide logistics services.

🔗 Source: Press Trust of India