Pluto Mobility, an electric mobility start-up focused on last-mile logistics, has raised $2 million in a seed funding round. The round was led by Version One Ventures, with participation from Grad Capital. Founders and senior executives from companies such as Delhivery, OfBusiness, Pixxel and Boom Supersonic also took part in the round.
The company plans to use the capital to strengthen its engineering and product development teams, expand its workforce, and prepare for pilot deployments in selected urban markets.
Focus on Delivery-Specific Vehicle Design
Founded by Akshat Bhatia and Himanshu Panda, Pluto Mobility is developing electric vehicles designed specifically for last-mile delivery operations in India. The company is building scooter-sized delivery vehicles with a fully covered structure intended to operate in different weather conditions.
According to the company, the vehicle is designed to carry up to twice the number of orders compared to a standard two-wheeler used for deliveries.
Pilot Deployments Planned for 2026
The company plans to begin pilot deployments later in 2026, focusing on e-commerce and quick-commerce delivery applications. These pilots are expected to assess the vehicle’s suitability for high-volume urban logistics operations.
Akshat Bhatia, CEO of Pluto Mobility, said, “India’s last-mile challenge isn’t speed, incentives, or apps. It’s that delivery operations are built on vehicles never designed for delivery workloads. That mismatch caps how much can be moved per trip, increases failures at scale, and quietly affects delivery economics.”
"Pluto Mobility is taking a fundamentally different approach to last-mile delivery by designing vehicles specifically for throughput and operational reliability,” said Boris Wertz, Founding Partner at Version One Ventures.
