Backed by the Michael & Susan Dell Foundation, EVeez plans to scale operations to 30 cities and 50,000 EVs by FY27, aiming to empower 40,000+ new gig workers.
EVeez, the electric mobility-as-a-service (eMaaS) startup, has raised $5.4 million in a Series A funding round led by the Michael & Susan Dell Foundation, with participation from Caret Capital, ThinKuvate, Ev2 Ventures, Barbershop With Shantanu, SailThru Ventures, and ah! Ventures Fund.
Founded in 2020 by Abhishek Dwivedi and Gaurav Rathore, EVeez offers affordable electric two-wheeler subscription services targeted primarily at gig workers in India. The startup had earlier raised $994,000 from ah! Ventures and other investors.
The newly raised capital will support EVeez’s mission to democratize clean mobility by scaling its operations across India. The company currently operates a fleet of 7,000 EVs across 15 cities and plans to expand to 30 cities and 50,000 vehicles by FY27.
Commenting on the milestone, Abhishek Dwivedi, Co-founder & COO of EVeez, said,
“With India projected to have more than 20 million gig workers in the near future, EVeez is strategically positioned to revolutionize how this workforce accesses clean mobility solutions. We are committed to greening the last mile and making electric mobility accessible to everyone participating in the gig economy.”
EVeez’s weekly subscription plans start at just ₹1,100 and include vehicle maintenance, insurance, battery swapping tie-ups, and EV training, allowing gig workers—especially those from low-income backgrounds—to avoid the upfront burden of owning an EV.
The startup claims that 55% of its current users are first-time gig workers, while the rest have transitioned from internal combustion engine (ICE) vehicles. By FY27, EVeez aims to enable over 40,000 new gig workers to enter the workforce with access to clean, reliable electric mobility.
With this fundraise, EVeez is set to strengthen its position in India’s fast-growing gig economy and contribute meaningfully to the country’s green mobility and employment goals.
