Electric van maker EVage raises $28 million from RedBlue Capital

Chandigarh-based all-electric commercial vehicle startup EVage has raised $28 million in seed funding from US-based venture capital firm RedBlue Capital. The startup said it will use the funds to complete its production-ready factory outside of Delhi in the first quarter of 2022 and scale up production. Founded in 2014, EVage supplies electric vans to Amazon India's Delivery Service Partner.