Aavishkaar, the pioneering impact fund advisory firm and part of the Aavishkaar-Intellecap Group, has decided to make an investment of Rs. 40 crore from its Aavishkaar Bharat Fund towards the Series-A round of equity investment in technology-enabled surface transportation company GoBolt. The company will be leveraging the raised funds primarily to strengthen its team, expand its presence across India, increase its fleet size, further develop its technology platform and also foray into allied business segments.
GoBOLT, incorporated in 2015, focuses on disintermediation and increased vehicle utilization by leveraging technology. The company focuses on express cargo movement and caters to leading E-Commerce, FMCG and FMCD companies through its fleet of owned and hired vehicles. Its technology platform enables it to drive operational efficiencies through improved route planning, documentation, tracking and control,etc. resulting in reduced transit time and improved service levelsfor its clients.