Hyderabad: Enmovil Solutions, a Hyderabad-based logistics tech startup, raised Rs 10 crore in Pre-Series A funding led by Anicut Angel Fund. The company also saw participation from KCT Group, Blackbird Investments and RB Investments in this round.
The new infusion of capital will be utilised to boost the company’s innovation journey to deliver first in industry, advanced technology solutions for field and yard logistics.
Founded in 2015 by Ravi Bulusu, Nanda Kishore, and Venkat Moganty, Enmovil delivers an OEM-centric multi-modal logistics technology platform optimising end-to-end operations for field and yard logistics.
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Enmovil’s “autometrics” uses machine learning-driven algorithms that leverage the power of internet of things and super-integration of data from diverse unstructured sources to automate material and fleet movement from warehouse to the dealer.
The company is witnessing a growth in adoption of its solution with the pan-India deployment of their hardware and software solution by companies such as HPCL, Maruti Suzuki, Hero Motors for their end-to-end logistics optimisation.
Speaking about the funding, Ravi Bulusu, MD, Enmovil Solutions, said, “Our AI driven platform empowers our logistics customers all the way from planning their short and long-haul logistics while ensuring vehicle safety and material integrity.”
Enmovil intends to leverage the fresh funds to expand their sales team and strengthen R&D to accelerate their innovation roadmap.
Ashvin Chadha, co-founder, Anicut Angel Fund, added, OEM Logistics has immense promise, which is yet to be explored and disrupted.
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