Funding · Mobility & Logistics

Tocal raises Rs 9 crore seed round from XB Group

What they do

Tocal provides electric vehicle fleet management and micro-warehousing for e-commerce brands

The company secured Rs 9 crore in seed funding led by XB Group with participation from Navyug Global Ventures and Nivetha Muralidharan

Funds will support expansion to over 15 cities and deployment of 20,000 electric vehicles within four years

Tocal raised Rs 9 crore in a seed round on 6 Jul 2026.
XB Group, parent of K-Indev Logistics, led the investment with a commitment of Rs 8.5 crore.
Navyug Global Ventures, a family office, participated as an investor in this round.
Individual investor Nivetha Muralidharan also joined the funding round.
This marks the total amount raised by Tocal so far.
The company plans to use funds to expand its operations beyond Bengaluru.
Tocal aims to establish new fulfillment centers and scale its electric vehicle fleet.
The startup intends to enhance its technology stack for fleet and warehouse management.

The lead investor XB Group has a strategic collaboration with Tocal for integrated logistics.
This partnership supports Tocal's goal to build a comprehensive logistics infrastructure platform.
The funding validates the demand for tech-enabled EV last-mile delivery services.
Investors are backing the shift towards sustainable logistics solutions in India.

Tocal operates as a tech-enabled EV fleet and fulfillment infrastructure platform.
It offers EV-powered last-mile delivery services to various commercial clients.
The company manages micro-warehousing and fulfillment centers across key locations.
Tocal provides fleet management software to optimize rider and vehicle performance.
Its services include rider enablement tools for efficient logistics operations.
Key customers include e-commerce, quick commerce, and D2C brands.
The company is currently based in Bengaluru.
It competes with players like Zypp Electric, Shadowfax, LoadShare Networks, and Fyn Mobility.

XB Group (lead) — Parent company of K-Indev Logistics.
Navyug Global Ventures (co-lead) — A family office.
Nivetha Muralidharan (participated) — An HNI (High Net-worth Individual) investor.