Bengaluru | July 6, 2026:
Highlights
- Funding: ₹9 crore raised, led by XB Group (parent of K-Indev Logistics) with ₹8.5 crore commitment.
- Investors: Participation from Navyug Global Ventures and Ms. Nivetha Muralidharan (HNI).
- Collaboration: Strategic partnership with K-Indev Logistics to build integrated EV-powered logistics infrastructure.
- Expansion Plans: Targeting 15+ cities, 20,000 EVs, 75 fulfilment centres, and 1,000+ brand partnerships over the next 4–5 years.
- Media Spotlight: Featured on Startup Singam, streaming on JioHotstar.
Announcement
TOCAL, a Bengaluru-headquartered technology-driven EV fleet and fulfilment infrastructure company, has secured ₹9 crore in investment commitments after its appearance on Startup Singam, the startup reality show airing on Star Vijay and streaming on JioHotstar.
The round was led by XB Group, parent of K-Indev Logistics, with a commitment of ₹8.5 crore, alongside participation from Navyug Global Ventures and Ms. Nivetha Muralidharan.
This funding marks the beginning of a strategic collaboration between TOCAL and K-Indev Logistics to build an integrated logistics platform combining EV-powered last-mile delivery, fulfilment infrastructure, and nationwide logistics capabilities.
Dhairyasheel Deshmukh, Founder & CEO, TOCAL: “This investment reinforces our conviction that India’s commerce ecosystem requires more than electric transportation; it requires modern, technology-driven logistics infrastructure. Our vision is to build the operating backbone that enables brands to store, fulfil, and deliver products faster and in the most sustainable way. Together with K-Indev Logistics, we are creating an integrated platform that combines fulfilment through strategically located micro-warehouses with a tech-enabled EV fleet to support the next phase of India’s commerce growth.”
Partnership Synergies
- K-Indev Logistics: Expertise in micro-warehousing, nationwide logistics operations, and enterprise relationships.
- TOCAL: Strength in EV fleet operations, hyperlocal delivery, driver network, and proprietary technology.
Use of Funds
- Expand operations beyond Bengaluru into major metropolitan cities.
- Establish strategically located fulfilment centres.
- Scale EV fleet and operational infrastructure.
- Enhance fleet, warehouse, and order management technology.
- Strengthen enterprise sales and strategic partnerships.
Future Roadmap
Over the next 4–5 years, TOCAL aims to:
- Expand to 15+ cities.
- Deploy 20,000+ electric vehicles.
- Operate 75 fulfilment centres.
- Partner with 1,000+ brands.
About TOCAL
TOCAL is a Bengaluru-based technology-led EV fleet and fulfilment infrastructure company enabling sustainable commerce through EV-powered last-mile delivery, fulfilment centres, and fleet management technology. The company is building an integrated logistics platform that helps businesses deliver faster, operate more efficiently, and reduce their carbon footprint.
