Everlectric

Everlectric works on electric vehicles for commercial settings, where its co-founder says running-cost savings are tangible. The company has been on this journey for about five to six years, and the guest says financiers and insurers are now engaging with EVs.

“having kind of walked this journey for the last five to six years, we are really seeing the difference in the conversations and in how these are funded as well”

Everlectric runs electric vehicle fleets, and its CEO and co-founder Magada Gela discussed the growing economic case for EVs as fuel costs rise. The business is interviewed on air about how corporate clients are moving to electric fleets.

“Yes, you're very right with the fuel costs doing what they're doing.”

Everlectric is an electric car rental business run by its co-founder and CEO, Indira Magadagela. It raised its first capital from a family office after a long fundraising process and has raised more since.

“It was a long story of blood, sweat, and tears.”

Everlectric supplies electric vehicles as a service to logistics companies, taking on the vehicle, charging and end-of-life questions for clients moving away from combustion engines. Its CEO and co-founder says the company has around five years of experience in the business.

“So we provide electric vehicles as a service.”