Pluto Mobility has raised $2 million (approximately ₹18.21 crore) in a seed funding round led by Version One Ventures, with participation from Grad Capital. The round also attracted backing from founders and senior executives associated with companies such as Delhivery, OfBusiness, Pixxel, and Boom Supersonic.
The fresh capital will be deployed to deepen engineering capabilities, accelerate product development, expand the team, and initiate pilot programs in major urban markets.
Founded by Akshat Bhatia and Himanshu Panda, the Delhi-based startup is focused on building electric vehicles purpose-designed for last-mile logistics. Rather than retrofitting existing two-wheelers, Pluto Mobility is developing scooter-sized, fully covered electric delivery vehicles engineered specifically for high-frequency delivery operations.
The vehicle is built to function reliably in challenging weather conditions while carrying up to twice the number of orders compared to a conventional two-wheeler. By designing the platform from the ground up for delivery workloads, the company aims to optimise throughput, durability, and cost efficiency without adding complexity to fleet management.
Pluto Mobility plans to roll out pilot deployments in 2026, with a focus on serving e-commerce and quick-commerce operators seeking efficient and scalable last-mile delivery solutions.
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