Pluto Mobility has secured $2 million in seed funding in a round led by Version One Ventures, with participation from Grad Capital and several industry leaders.
Purpose-Built Vehicles for Last-Mile Delivery
Founded by Akshat Bhatia and Himanshu Panda, the Delhi-based startup is engineering electric vehicles specifically for high-frequency, multi-drop logistics operations.
Pluto’s scooter-sized vehicle features:
- A fully covered design for all-weather protection
- Capacity to carry up to 2x more orders per trip compared to standard two-wheelers
- Urban-friendly manoeuvrability
- Durability tailored for logistics workloads
The company argues that most current last-mile fleets rely on vehicles originally designed for personal mobility, leading to operational inefficiencies and safety compromises.
Pilot Deployments Planned for 2026
The newly raised capital will support:
- Strengthening engineering and product development
- Expanding the core team
- Launching pilot deployments across key urban markets
Pluto Mobility plans to begin pilots later in 2026, targeting e-commerce and quick-commerce delivery fleets.
By rethinking vehicle architecture around delivery throughput and reliability, Pluto aims to improve unit economics for logistics operators without increasing operational complexity.
