Overview
Trevel, a Gurugram-based EV mobility platform founded in 2025, has successfully raised $1 million in a funding round. The company specializes in sustainable transport solutions, offering airport transfers, city rides, and hourly rentals powered exclusively by electric vehicles.
Deal Terms and Investors
The funding round was co-led by India Accelerator and Finvolve, with significant participation from the Haldiram Family Office and Rohit Qamra. Additional investors include RMRN Ventures, BP Jain Holdings, and a group of prominent individual investors including Bipin Preet Singh and Aakash Goyal.
Operational Traction
Since its inception, Trevel has demonstrated strong early-stage performance:
- Completed over 5,000 rides with a 70% customer retention rate.
- Strategic partnerships secured via MoUs with major OEMs including MG Motor India and Kia India.
- Active fleet includes premium models like the MG Windsor EV, MG ZS EV, and BYD e6.
Strategic Roadmap
The capital infusion is earmarked for aggressive fleet expansion, with the company aiming to add 25 vehicles monthly to reach a 500-vehicle fleet by March 2027. The company recently rolled out ‘Trevel 2.0’, a platform update designed to enhance the user booking experience and operational efficiency.
Founder Takeaway
By securing direct partnerships with automotive manufacturers early, Trevel has bypassed supply chain hurdles often faced by mobility startups. Founders should prioritize OEM integration to ensure vehicle supply stability when scaling capital-intensive operations.