Hotline: 1800 102 2007
X
Search Business Opportunities
2013-10-08

CIIE invests in Ahmedabad based start-up Evomo

Indian Institute of Management Ahmedabad\\\'s Centre for Innovation Incubation & Entrepreneurship (CIIE) has made an investment into Ahmedabad-based Evomo Research & Advancement Pvt. Ltd.

Indian Institute of Management Ahmedabad's Centre for Innovation Incubation & Entrepreneurship (CIIE) has made an investment into Ahmedabad-based Evomo Research & Advancement Pvt. Ltd.

 

Evomo who won the programme Power of Ideas 2012, organised by CIIE in partnership with the Economic Times and Department of Science and Technology has received an undisclosed amount. The bi-annual national wide competition selected India's startups in a 10 day intensive workshop hosted at IIM Ahmedabad.

 

CIIE, Director of Operations, Shashank Rastogi said, "Good transportation is an enabler for social welfare as it brings communities' faster access to all other facilities. More startups need to take up such challenges and create solutions to improve infrastructure."



Evomo was launched in 2010 by CEO and Founder Abhinav Das following a casual visit to Uttar Pradesh, where he saw unsafe locally-manufactured vehicles transporting people and goods.

 

"There are now more road deaths in India than anywhere else in the world, with many of them occurring in rural areas. The support which we are getting from CIIE, including refining our business model and developing new strategies, as well as its investment are invaluable to addressing the needs of rural transport. This funding will now enable us to get to a stage where we can take preorders for actual sales," added Das

 

Related opportunities
  • Express Food Joints / Drive Through
    About Us: Classic dishes are a staple, but sometimes you need..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Competitive Exam Coaching Institute
    About Us Edutalent is an education startup founded in 2017 by..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Fashion accessories - women
    About Us: COVO is a premium accessories brand for Men and..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Publications & Print Media
    About: Jennard Galleries helps to create motivating workplaces where employees and..
    Locations looking for expansion Karnataka
    Establishment year 2003
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts