Picture Ram, a gig delivery rider in Gurugram, watching his weekly diesel bill shrink from ₹1,800 to under ₹600. He trades fumes for fresh air, and high maintenance bills for a simple electric subscription. This shift isn’t just about saving money—it’s dignity, stability, and a promise of a better hustle.
That transformation begins with EVeez’s recent $5.4 million Series A funding round a bold statement that mobility² isn’t just about building EVs, it’s about giving people a future.
🧭 A Human-Centered Narrative in the EV Boom
Breaking Barriers to Entry
- Founded in 2019 by Abhishek Dwivedi and Gaurav Rathore, EVeez solves a real-world problem: gig workers can’t afford EVs upfront but deserve clean transport and better earning potential.
- With weekly subscriptions starting at just ₹1,100, the platform casts open doors for delivery, quick commerce, ride-hailing sectors—all without crushing debt or loans.
What the Funding Means ✅
- Led by the Michael & Susan Dell Foundation, the round also brings in Caret Capital, Ev2 Ventures, ThinKuvate, SailThru Ventures, Ah! Ventures, and others.
- The capital is already seeding EVeez’s biggest growth leap yet—taking its impact from 7,000 EVs across 15 cities today, to a target fleet of 50,000 by FY 2027, powering 40,000+ new gig riders in 30 Indian cities.
💡 Subheadings That Tell a Story of Scale and Soul
Empowering Real People, Real Voices
“We are committed to greening the last mile and making electric mobility accessible to everyone participating in the gig economy,” says Abhishek Dwivedi, Co-founder & COO.
This isn’t a one-off mobility fix—it’s about giving income control to young couriers in low-income urban communities.
Changing the Mobility Landscape—Together
- 55% of EVeez’s gig users are first-time workers; 45% shifted from petrol bikes.
- Every rider has reported clear financial benefits—money not spent on petrol or service goes straight into daily earning.
Tech-Forward, yet Human-Focused
EVeez blends EV rental, insurance, battery swaps, and training into a neat platform so riders can focus on deliveries, not diagnostics.
📊 Growth Trajectory: What to Expect
| Metric | 2025 (Now) | FY 2027 Goal |
|---|---|---|
| EVeez Fleet Size | ~7,000 electric two-wheelers | Expanding to 50,000 |
| Geographic Reach | 15 cities | Expanding to 30+ cities |
| Gig Workers Impacted | Growing fast | 40,000+ new participants |
| User Base Profile | 55% first-time workers | Inclusive mix of new & shifting riders |
| Weekly Subscription Rate | ₹1,100 | Same low-cost threshold |
This is a rare alignment of ambition, empathy, and sustainability that appeals to investors and everyday gig partners alike.
🌏 Why This Matters—The Broader Impact
✅ A Win-Win on Multiple Fronts
- For workers: reduced operating costs, dignified income, freedom from petrol debt
- For cities: fewer carbon emissions, cleaner streets, sustainable delivery options
- For businesses: access to a large, trained fleet without capex risks
As India ramps up toward cleaner public policy and sustainability goals, EVeez is positioning itself at the center of a movement—not just moonlighting as another EV startup.
