# Pluto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pluto-2

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Gurugram, India
- Website: www.plutomobility.in
- Total disclosed funding: $2M
- Latest round: Seed (Feb 19, 2026)
- Investors on record: 2

## About

Based in India, Pluto specializes in the design and engineering of electric vehicles for last-mile delivery, enhancing operational efficiency in urban logistics.Pluto was founded in 2024 and is headquartered in Gurugram, India, where it focuses on developing electric vehicles tailored for logistics. The company successfully raised USD 2.000 mn in Seed funding on February 19, 2026, led by Version One Ventures, alongside gradCapital and other investors. This marks their first funding round, with total funding amounting to USD 2.000 mn.Pluto specializes in the design and engineering of scooter-sized vehicles that are specifically crafted for last-mile delivery solutions. These vehicles are engineered to carry twice the volume of conventional two-wheelers, making them an efficient choice for businesses seeking to optimize their delivery capabilities. Pluto's offerings aim to address the growing demand for efficient and sustainable delivery options in urban environments, catering primarily to logistics providers and e-commerce companies. The company targets various geographical markets, focusing on urban areas where the need for quick and reliable delivery services is paramount. By streamlining last-mile logistics, Pluto’s products enhance operational efficiencies for clients looking to improve their service delivery and reduce transportation costs.Pluto's revenue generation model is primarily based on direct sales of its purpose-built delivery vehicles, structured around B2B transactions with logistics and e-commerce clients. Clients enter into purchase agreements for fleet orders to integrate Pluto's vehicles into their existing delivery operations. Revenue may also be supplemented by potential partnerships with retail and wholesale distributors looking to incorporate these vehicles into their supply chain solutions. Given the specialized nature of Pluto’s products, pricing structures reflect the value added through enhanced delivery capabilities, with clients benefiting from reduced delivery times and increased order capacity. The revenue framework supports both long-term contracts and one-time purchases, enabling scalability as client needs evolve.In February 2026, Pluto raised USD 2.000 mn in Seed funding, which will be utilized to grow its engineering team and develop its delivery vehicles. The company also intends to run pilot tests in select cities to validate its products. Future growth plans include the design and launch of new models tailored for expanding markets, particularly focusing on urban areas across India and potentially other regions in Asia by 2027.

## Funding rounds

- Seed, Feb 19, 2026, $2M — Version One Ventures, gradCapital

## Investors

- Version One Ventures (https://capitalatlas.ai/funds/version-one-ventures) — Seed
- gradCapital (https://capitalatlas.ai/funds/gradcapital) — Seed