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Sat, 29 Aug 2026
09:05:39 am
Sat, 29 Aug 2026
09:05:39 am
Synopsis
Wheelocity raises ₹82.36 crore ($9.6 million) in fresh funding from Lightspeed India, Grand Anicut Fund and other investors to expand its AI-powered rural commerce platform, EV delivery network, and farm-to-consumer supply chain across India.
Chennai-based rural commerce startup Wheelocity has secured ₹82.36 crore in fresh funding as it looks to scale its technology-led supply chain and deepen its presence across India's rural economy. The capital was raised through multiple tranches involving a combination of existing investors, new institutional participants, and prominent angel investors, highlighting continued investor confidence in technology-enabled rural commerce.
The startup has built a digital platform that connects farmers directly with consumers, reducing intermediaries while enabling faster delivery of fresh produce and essential groceries. By integrating artificial intelligence with an electric vehicle-based logistics network, Wheelocity aims to make rural supply chains more efficient, affordable, and sustainable.
The latest fundraising round witnessed participation from several leading venture capital firms alongside returning investors. Existing backers Lightspeed India, Grand Anicut Fund, and Elevar Equity's EE-FI Fund continued their support, while Magnum LLC, Unimix LLC, and several angel investors also participated in the funding.
The investment reflects growing interest in startups focused on solving supply chain inefficiencies, improving farmer incomes, and digitising rural commerce using advanced technologies such as artificial intelligence and data analytics.
| Particulars | Details |
|---|---|
| Total Funding Raised | ₹82.36 crore (≈ $9.6 million) |
| Funding Type | Ongoing Funding Round |
| Lead Participants | Lightspeed India, Grand Anicut Fund, EE-FI Fund |
| Other Investors | Magnum LLC, Unimix LLC, Angel Investors |
| Headquarters | Chennai, India |
| Founded | 2021 |
Wheelocity plans to utilise the newly raised funds to significantly expand its rural commerce ecosystem across India. A key focus will be on scaling its AI-powered supply chain platform, which helps optimise demand forecasting, route planning, inventory movement, and delivery efficiency.
The company also intends to increase its fleet of electric vehicles to improve last-mile delivery while lowering logistics costs and reducing carbon emissions. Investments will additionally be directed toward strengthening its hybrid online and offline commerce platform, enabling greater access to fresh produce and groceries for underserved rural communities.
The expansion strategy aligns with the company's broader vision of building a digitally connected rural commerce ecosystem that benefits farmers, consumers, and local entrepreneurs alike.
| Investment Area | Objective |
|---|---|
| Rural Network Expansion | Increase presence across new villages and districts |
| AI Supply Chain | Improve demand forecasting and logistics efficiency |
| EV Delivery Fleet | Expand sustainable last-mile transportation |
| Technology Platform | Strengthen hybrid online and offline commerce |
| AI Capabilities | Route optimisation, fleet management and analytics |
Founded in 2021 by Selvam VMS, Senthil Kumar, and Amresh Singh, Wheelocity has developed a rural commerce platform designed to connect farmers directly with consumers while eliminating inefficiencies within traditional agricultural supply chains.
Unlike conventional distribution models, the company operates a zero-inventory supply chain, allowing fresh produce to be delivered within 24 hours of harvest. Artificial intelligence plays a central role in forecasting demand, improving procurement planning, and optimising logistics operations.
The platform combines digital technology with an extensive physical distribution network, enabling rural households to access fresh groceries and agricultural products at competitive prices while providing farmers with improved market access.
Since its inception, Wheelocity has rapidly expanded its operational footprint across multiple states. The company currently serves more than 500,000 households spread across over 3,300 villages, making it one of the emerging technology-led rural commerce platforms in the country.
Its operations are supported by a workforce of over 1,500 rural employees, while its electric vehicle fleet collectively covers more than 100,000 kilometres every day. This extensive logistics infrastructure enables the company to maintain rapid delivery timelines while ensuring product freshness.
| Metric | Details |
|---|---|
| Founded | 2021 |
| Households Served | 5,00,000+ |
| Villages Covered | 3,300+ |
| Rural Workforce | 1,500+ Employees |
| Daily EV Fleet Coverage | 100,000+ Kilometres |
| Delivery Model | Farm-to-Consumer within 24 Hours |
| Supply Chain | Zero Inventory |
Wheelocity's business model combines artificial intelligence with sustainable logistics to address longstanding inefficiencies in India's agricultural supply chain. AI-driven demand forecasting helps reduce food wastage, while intelligent route optimisation lowers delivery costs and improves fleet utilisation.
The increasing use of electric vehicles also aligns with India's broader sustainability objectives by reducing transportation-related emissions across rural logistics operations.
As rural internet penetration, digital payments, and organised grocery demand continue to rise, technology-enabled commerce platforms such as Wheelocity are expected to play an increasingly important role in modernising India's agricultural value chain.
The successful fundraising underscores growing investor confidence in startups addressing India's massive rural consumption market through technology-driven solutions. With fresh capital, Wheelocity is well positioned to accelerate geographic expansion, strengthen its AI capabilities, and build a more efficient farm-to-consumer ecosystem.
The company's focus on combining artificial intelligence, electric mobility, and direct farmer engagement provides a differentiated approach within India's rapidly evolving agritech and rural commerce landscape. As demand for organised fresh food distribution increases, Wheelocity could emerge as a significant player in the country's digital rural economy.
Wheelocity has raised ₹82.36 crore (approximately $9.6 million) in an ongoing funding round.
The round included participation from Lightspeed India, Grand Anicut Fund, Elevar Equity's EE-FI Fund, Magnum LLC, Unimix LLC, and several angel investors.
The funds will be used to expand its rural commerce network, scale its AI-powered supply chain, strengthen its EV delivery fleet, and enhance technology capabilities.
Wheelocity operates a technology-enabled rural commerce platform that connects farmers directly with consumers through an AI-powered supply chain and electric vehicle-based last-mile delivery network.
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