The company, which recently raised Rs 40 crore from Aavishkaar, to increase its fleet size, further develop its technology platform and also foray into allied business segments.

 

Gurugram-based Camions Logistics Solutions Pvt Ltd, a technology-enabled surface transportation company that operates under the brand name GoBOLT, plans to expand operations pan-India. Recently, GoBOLT, which operates in the B2B surface transportation space, raised Rs 40 crores from Aavishkaar Bharat Fund towards the Series-A round of equity investment. Aavishkaar is the pioneering impact fund advisory firm and part of the Aavishkaar - Intellecap Group.

 

Ajay Maniar, Partner, Aavishkaar Venture Management Services, said, “We are extremely excited about working with the team at GoBOLT who have demonstrated an unyielding focus on improving operational efficiencies through their technology platform. Logistics is a sector that is poised for transformation and GoBOLT has demonstrated that by leveraging technology they are able to integrate and up-skill small fleet operators to deliver high levels of vehicles utilisation, enable drivers to return home at regular and pre-defined frequency and provide consistent and superior service to the customer. We believe that the interplay between technology and logistics through GoBOLT has the potential to create significant scale and impact.”

 

Started by the trio of Parag Aggarwal, Naitik Baghla & Sumit Sharma in 2015, GoBOLT will use 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.