- Celcius Logistics
- Cold supply chain
- Zomato
- Spicejet
- Reliance Pharma
- Maersk
- Prabhat Dairy
- Baskin Robbins
- Vadilal
- Domino's
- Keventers
- Godrej Agrovet
- Vikram Gupta
- IvyCap Ventures
- Mumbai Angels
- Swarup Bose
- Caret Capital
Celcius Logistics raises INR 400 million in pre-series B round
- By MT Bureau
- May 15, 2024

Celcius Logistics, a domestic aggregator providing end-to-end cold-chain solutions, has secured INR 400 million in a pre-series B funding round, led by existing investor IvyCap Ventures, along with participation from other investors such as Mumbai Angels and Caret Capital.
The platform connects shippers and transporters and is a one-stop solution for all cold chain requirements, ensuring last-mile and hyperlocal delivery for all stakeholders. This follows the Series A funding round of INR 1 billion in April 2023 led by IvyCap Ventures.
The company aims to deploy the fresh capital to expand its footprint across its Transportation Management System (TMS) and Warehouse Management System (WMS), further strengthening its cold storage solution. Through this, it aims to expand its reach in over 500 cities in the next one year and help manufacturers sell their perishable products.
At present, the platform has 4,000 vehicles; 107 cold storage facilities; 27 distribution centres; and 200 hyperlocal riders across the country.
Swarup Bose, Founder & CEO, Celcius Logistics said, “Our technology-driven platform addresses the current challenges including operational inefficiencies faced by the Indian cold-chain ecosystem. We enable manufacturers and transport companies particularly in the food and pharma industries to ensure seamless delivery of perishable items. The real-time monitoring updates and analytics also help in reducing wastage of such goods. Through the fresh funding, we aim to further penetrate our presence and bridge the demand-supply gap in the cold supply chain. Our transportation and warehousing systems bring in transparency and operational efficiency, ensuring quality compliance in the cold chain logistics industry.”
Vikram Gupta, Founder and Managing Partner, IvyCap Ventures said, “We are proud to continue our support for Celcius Logistics and see them build an unbroken and robust cold supply chain. The passion and commitment of the team to digitise the cold chain industry is commendable and we believe that the fresh investment will further accelerate their growth journey and benefit stakeholders nationwide.”
The platform has already transported over 4-lakh tonnes of perishable cargo for dairy, pharma, fruits, seafood as well as fresh agricultural produce. Its counts the likes of Zomato, Spicejet, Reliance Pharma, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers, and Godrej Agrovet among others as its clients.
Tata Motors Launches New Winger Plus At INR 2 Million
- By MT Bureau
- August 29, 2025

Mumbai-headquartered commercial vehicle major Tata Motors has launched its all-new 9-seater Tata Winger Plus at INR 2.06 million.
The Winger Plus is aimed at customers looking to offer a premium mobility experience for staff transportation and growing tourist demands. It features such as reclining captain seats with adjustable armrests, personal USB charging points, individual AC vents and spacious leg room. Built on a monocoque chassis, it comes with wide cabin and large luggage compartment, at the same time providing car-like ride and handling, along with robust safety.
Anand S, Vice-President and Head – Commercial Passenger Vehicle Business, Tata Motors, said, “The Winger Plus has been thoughtfully engineered to deliver a premium experience for passengers and a compelling value proposition for fleet operators. With its superior ride comfort, best-in-class comfort features, and segment-leading efficiency, it is designed to drive profitability while offering the lowest cost of ownership. India’s passenger mobility landscape is evolving rapidly—from staff transportation in urban centres to the rising demand for tourism across the country. The Winger Plus is built to serve this diversity, setting new benchmarks in the commercial passenger vehicle segment.”
The Winger Plus is powered by a 2.2L Dicor diesel engine, which produces 100hp of power and 200Nm of torque. It is equipped with Tata Motors’ Fleet Edge connected vehicle platform that provides real-time vehicle tracking, diagnostics and fleet optimisation.
Switch Mobility Begins Delivery Of Electric Buses To Delhi
- By MT Bureau
- August 28, 2025
Switch Mobility, a subsidiary of the Hinduja Group and a leading manufacturer of electric vehicles, has commenced delivery of its Switch EIV12 low-floor electric buses to the Department of Transport, Delhi. The buses are part of a landmark 950-unit order awarded under the CESL tender and were officially flagged off by Delhi Chief Minister Rekha Gupta.
The deployment marks a significant step in Delhi's transition toward sustainable urban mobility. Manufactured at Switch’s facility in India, the buses are a testament to the company's ‘Make in India for the World’ vision, combining global technology with local manufacturing.
Designed for Delhi’s demanding urban transit, the 12-metre buses can accommodate 39 passengers and are equipped with advanced safety and convenience features, including a wheelchair ramp, CCTV cameras, panic buttons and GPS tracking.
R G Venkataraman, Chief Commercial Officer, Switch Mobility, “We are delighted to commence delivery of our SWITCH EiV12 electric buses to Delhi, reinforcing the capital’s leadership position in sustainable urban transportation. These low floor electric city buses, engineered with advanced global technology and manufactured with pride in India, will significantly enhance Delhi’s public transport ecosystem while contributing to cleaner air and improved quality of life for millions of commuters. This deployment underscores our commitment to empowering Indian cities with intelligent, efficient and eco-friendly transportation solutions that drive progress towards a more sustainable future.”
The new buses utilise the company’s proprietary telematics system, Switch iON, for real-time monitoring and efficient fleet management. Additionally, they feature a streamlined, ultra-low-floor design for easy boarding and are equipped with a fire detection and suppression system for enhanced safety. This rollout aligns with the Delhi Government's aim to have the highest number of electric buses in India, with the potential to reduce CO2 emissions and provide safer commutes for millions of daily passengers.
Piaggio Vehicles Partners Hinduja Leyland Finance For Three-Wheeler Retail Finance
- By MT Bureau
- August 28, 2025

Piaggio Vehicles (PVPL), a subsidiary of the Piaggio Group and leading manufacturer of small commercial vehicles, has partnered Hinduja Leyland Finance.
The partnership aims to provide Piaggio Vehicles’ customers access to retail finance options on its three-wheeler range, including electric and Internal Combustion Engine (ICE) vehicles in India.
Diego Graffi, Chairman and Managing Director, Piaggio Vehicles, said, “India’s mobility landscape is evolving rapidly. From small entrepreneurs to fleet operators, a new class of owners is emerging, and they need financing that understands their realities. With this partnership, Piaggio and Hinduja Leyland Finance are bringing together the strength of two trusted brands to make vehicle ownership simpler, faster, and more accessible. Together this partnership can enable progress, powered by mobility that people can truly call their own.”
Sachin Pillai, Managing Director & Chief Executive Officer, Hinduja Leyland Finance, said, “This partnership brings together our expertise in vehicle financing and Piaggio’s presence in the three-wheeler segment to help customers acquire and manage their vehicles efficiently. Leveraging our extensive network and reach across India, Hinduja Leyland Finance aims to provide solutions that support last mile connectivity, asset ownership, and income generation for customers across the segment. By combining our financing reach and agility with Piaggio’s product offerings, we are making the 3-wheeler ownership more accessible for the customers through a customised financing process”.
Ashok Leyland Expands Presence In Uttar Pradesh With New Dealership
- By MT Bureau
- August 26, 2025

Ashok Leyland, the flagship company of the Hinduja Group, has opened a new 3S dealership for light commercial vehicles (LCVs) in Agra, marking its fifth LCV dealership in Western Uttar Pradesh. Operated by channel partner Maya Autotech, the new dealership is equipped with advanced tools and quick-service bays to provide a superior customer experience. It will offer Ashok Leyland's full range of LCVs, including the Bada Dost, Dost, Saathi, Partner and MiTR models.
It was just recently, the company entered the sub-2-tonne segment with the launch of the Ashok Leyland Saathi. Powered by a new-generation 45 hp engine, the Saathi features an industry-leading payload capacity of 1,120 kg and the largest loading area in its class.
On the other hand, the popular Bada Dost is available in five variants and is equipped with an 80 hp BS6 engine, offering high power, mileage, and payload capacity. The Dost range includes the Dost Xl and Dost+ XL, while the Partner is a fuel-efficient load carrier available in both 4-tyre and 6-tyre options. The MiTR bus, built on the same platform as the Partner, comes in staff and school bus variants.
Viplav Shah, Head of LCV Business at Ashok Leyland, said, “Uttar Pradesh has always been a key market for us, and we are delighted to deepen our presence here with the new dealership in Agra. Our journey with customers in this region has been shaped by trust, performance, and shared progress. The new dealership in Agra builds on the remarkable success of our Dost, Bada Dost and now the Saathi range, which continue to earn the trust of customers for their superior mileage, performance, and reliability. Our strong network and an exceptional service retention rate of nearly 70 percent reflect the deep confidence customers place in us. This dealership is another step forward in our commitment to deliver world-class products and unmatched service, ensuring an exceptional experience for every customer.”
Ashok Leyland’s LCVs were developed to meet the specific needs of Indian customers, combining modern technology with competitive pricing. The company has a significant presence in the segment, with over 550,000 LCVs currently operating across India.
All of these LCVs are manufactured at Ashok Leyland's state-of-the-art plant in Hosur. With a network of more than 1,700 exclusive outlets nationwide, the company aims to have an authorised service center every 75 km on major highways.
Comments (0)
ADD COMMENT