Evomo aims to address the problem with SAAVAJ, The Rural Utility Vehicle, which can be manufactured in small scale Micro Factories.
Poor transport is often the main restraint on economic progress and poverty reduction in rural areas . Improving access to markets encourages rural farmers to modernize with fertilizers, mechanized equipment, and new seed varieties, which, in turn, raises yields, lowers unit costs, and increases demand for inputs and credit. Rural transport also provides access to labor markets and thus the opportunity to earn non-farm income.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Oct 7, 2013 | Series Unknown | — | 1 | CIIE | Centre for Innovation Incubation and Entrepreneurship | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
CIIE | Centre for Innovation Incubation and Entrepreneurship | Yes | Series Unknown |