Electric mobility startup EVeez has raised $5.4 million (INR 46.6 crore) in a Series A funding round led by the Michael & Susan Dell Foundation, marking a significant milestone in its mission to make clean mobility accessible to India’s growing gig economy.
The funding round also saw participation from Caret Capital, ThinKuvate, Ev2 Ventures, Barbershop With Shantanu, SailThru Ventures, and Ah Ventures Fund. According to EVeez, the fresh capital will be used to expand its electric two-wheeler subscription service, especially catering to gig workers in sectors like quick commerce, food delivery, ecommerce, and ride-hailing.
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Revolutionizing Urban Mobility for Gig Workers
Founded in 2019 by Abhishek Dwivedi and Gaurav Rathore, EVeez operates on a mobility-as-a-service (MaaS) model. It provides gig workers access to electric two-wheelers through affordable subscription plans, eliminating the need for large upfront purchases or loans.
EVeez’s weekly subscription plans start at just INR 1,100, making it a cost-effective solution for individuals from low-income urban communities who want to earn by working with platforms like Zomato, Swiggy, Blinkit, Dunzo, Amazon, Flipkart, and Ola/Uber.
This model not only democratizes access to electric vehicles but also directly supports India’s transition to a cleaner and greener transport ecosystem, especially in last-mile delivery and urban logistics.
Investor Confidence in Impact-Driven Mobility
The lead investor, the Michael & Susan Dell Foundation, is known for backing mission-driven startups focused on inclusive growth and social impact. Their investment underscores the growing recognition of sustainable mobility solutions that serve both economic and environmental goals.
Speaking about the fundraise, EVeez emphasized its focus on scaling infrastructure, expanding into new geographies, and improving technology and fleet operations to ensure reliability and efficiency for its users.
A Win for Sustainability and the Gig Economy
EVeez is addressing two critical challenges in India simultaneously: the lack of affordable transportation for gig workers and the need for eco-friendly mobility alternatives. With fuel prices rising and pollution a persistent urban issue, electric mobility offers a clear path forward.
By offering a pay-as-you-go subscription, EVeez helps users avoid the financial burden of vehicle ownership while also benefiting from reduced operational costs, as electric vehicles are cheaper to run and maintain compared to petrol-based alternatives.
The startup’s impact is already visible across metro cities where gig workers are increasingly adopting EVs for their daily tasks, leading to reduced emissions, lower costs, and greater earnings potential.
What’s Next for EVeez?
With the fresh funding, EVeez aims to scale up operations, increase its EV fleet, and further customize services for the gig economy. The company is also expected to explore partnerships with delivery platforms and smart mobility tech integrations to boost efficiency and driver satisfaction.
As India pushes for greater EV adoption, especially in last-mile delivery, startups like EVeez are well-positioned to lead the charge — offering a sustainable, scalable, and inclusive solution to urban transportation.
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