TOCAL Raises Seed Funding to Enhance EV Fleet Operations

Bengaluru-based startup TOCAL, which focuses on technology-driven electric vehicle (EV) fleet and fulfillment infrastructure, has successfully raised $1.03 million (approximately Rs 9 crore) in a seed funding round. The investment was led by XB Group, with additional participation from Navyug Global Ventures and Ms. Nivetha Muralidharan.

Investors and Strategic Partnerships

The funding round, announced on July 6, 2026, was spearheaded by XB Group, the parent company of K-Indev Logistics. This collaboration marks the beginning of a strategic partnership aimed at developing an integrated logistics platform. The platform will leverage EV-powered last-mile delivery, fulfillment infrastructure, and nationwide logistics capabilities.

Company Vision and Operations

Founded by Dhairyasheel Deshmukh, who also serves as the CEO, TOCAL is committed to transforming the logistics landscape in India. The company operates primarily in Bengaluru and aims to provide sustainable logistics solutions through its technology-enabled EV fleet operations. TOCAL serves e-commerce, quick commerce, and direct-to-consumer (D2C) brands by integrating EV-powered delivery services, fulfillment centers, fleet management software, and rider enablement into a cohesive ecosystem.

Deshmukh commented on the investment, saying, "This investment reinforces our conviction that India's commerce ecosystem requires more than electric transportation; it requires modern, technology-driven logistics infrastructure."

Use of Funds

The newly acquired funds will be directed towards expanding TOCAL's logistics capabilities, particularly in enhancing their EV fleet operations. The company plans to invest in technology upgrades and expand its operational footprint to better serve its growing customer base.

Conclusion

With this seed funding, TOCAL is well-positioned to strengthen its logistics infrastructure and expand its reach within India's rapidly growing commerce ecosystem. The partnership with K-Indev Logistics is expected to further bolster its capabilities, paving the way for more efficient and sustainable logistics solutions.