Tech-enabled electric vehicle (EV) fleet and fulfillment infrastructure platform TOCAL has raised ₹9 crore in a funding round led by XB Group, the parent company of K-Indev Logistics. The company will use the fresh capital to expand its operations, establish new fulfillment centres, and strengthen its technology-driven logistics network across India.
The funding round included a commitment of ₹8.5 crore from XB Group, while Navyug Global Ventures, a family office, and Nivetha Muralidharan, a high-net-worth individual (HNI) investor, also participated in the investment.
Furthermore, the funding marks the beginning of a strategic partnership between TOCAL and K-Indev Logistics to build an integrated logistics platform that combines EV-powered last-mile delivery, fulfillment infrastructure, and nationwide logistics capabilities.
Founded by Dhairyasheel Deshmukh, TOCAL currently operates in Bengaluru, where it enables sustainable logistics through technology-driven electric vehicle fleet operations and last-mile delivery services for e-commerce, quick commerce, and direct-to-consumer (D2C) brands.
Dhairyasheel Deshmukh, Founder & CEO, TOCAL, said, “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.”
As part of the collaboration, K-Indev Logistics will contribute its expertise in micro-warehousing, nationwide logistics operations, and enterprise relationships. Meanwhile, TOCAL will strengthen the platform through its EV fleet operations, hyperlocal delivery capabilities, extensive driver network, and proprietary logistics technology.
Additionally, TOCAL will utilize the newly raised capital to expand beyond Bengaluru into major metropolitan cities. The company also plans to establish strategically located fulfillment centres, scale its electric vehicle fleet and operational infrastructure, enhance fleet, warehouse, and order management technologies, and strengthen enterprise sales while building strategic partnerships.
Moreover, TOCAL has outlined ambitious long-term growth plans. Over the next four to five years, the company aims to expand its presence to more than 15 cities, deploy over 20,000 electric vehicles, operate 75 fulfillment centres, and partner with more than 1,000 brands across India.
The latest funding comes at a time when India’s e-commerce, quick commerce, and supply chain sectors continue to witness rapid growth, driving increasing demand for sustainable and technology-enabled logistics solutions. Consequently, businesses are investing heavily in electric mobility, micro-warehousing, and digital fulfillment infrastructure to improve delivery speed, reduce operational costs, and lower carbon emissions.
Furthermore, the strategic alliance with K-Indev Logistics positions TOCAL to offer integrated logistics solutions by combining fulfillment, warehousing, transportation, and last-mile delivery under a unified platform. This integrated approach is expected to help brands optimize supply chains while meeting the growing demand for faster and greener deliveries.
