EVeez

EVeez

Online electric two-wheeler rental platform for delivery professionals

Founded

2019

Headquarters

Gurugram (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91 - 7807702595

EVeez is a homegrown electric mobility platform focused on subscription-based electric two-wheelers for delivery partners, logistics firms and everyday commuters. Operating in major metros and Tier 2 cities, the company removes the burden of EV ownership by offering flexible access to vehicles. Its offerings include eBike rental plans, franchise-based deployment models and full-stack eMobility solutions—all powered by a real-time tracking and analytics platform built on GPS and IoT.

Core Products and Services

  • eBike Subscription Plans: Offers affordable, license-free weekly EV rental options like the “Super Shine Plan,” priced from ₹1,100 to ₹5,000. Subscriptions are bundled with insurance, routine service, GPS monitoring and access to battery-swapping facilities.
  • Asset-Light Fleet Deployment: Runs a lean operational model by deploying EVs directly to gig workers and last-mile delivery agents—cutting fuel bills and vehicle maintenance costs while improving driver earnings.
  • Franchise Programme: Allows local entrepreneurs to purchase electric scooters, install necessary tech and insurance and plug into EVeez’s corporate leasing network—earning stable monthly payouts.
  • Integrated eMobility Support: Provides full backend services like on-road breakdown help, spare parts, battery swaps (via third-party tie-ups like Battery Smart) and a centralised dashboard for fleet oversight.

Business Model and Revenue Streams

  • Weekly Subscription Income: The main revenue driver is weekly rental payments—largely from gig workers and logistics partners (roughly 80–85% B2B, 15–20% B2C).
  • Fleet & Telematics Services: Income from fleet tech, GPS monitoring, maintenance and energy management provided to logistics firms and SMB clients.
  • Franchise & Hub Fee Income: Franchise owners pay one-time setup and ongoing hub fees to operate within EVeez’s nationwide EV distribution network.
  • Enterprise Contracts & Platform Partnerships: Long-term tie-ups with delivery platforms like Zomato, Swiggy, Zepto, Uber Moto, Porter and Blinkit help EVeez scale with near-zero customer acquisition cost.

Key People

Gaurav Rathore

Abhishek Dwivedi

Key Metrics

Total Equity Funding

$994 K

No. of Funding Rounds

3

Latest Funding Round

$527.0 K, Seed

as of September 12, 2022

Post Money Valuation

$4.04 Million

as of December 5, 2022

Funding Multiple

4.07×

as of December 5, 2022

Investors

Emergent Ventures

and 3 more

Employee Count

133

Similar Companies

Baaz

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
September 12, 2022Seed $527.0 K$4.0 Million$564.0 K6.3x Ev2 Ventures, Emergent Ventures ah! Ventures, J G Enterprise, Adelaar Consulting
December 9, 2021Seed $400.0 K$3.9 Million$122.0 K28.6x IVY Growth Associates, ah! Ventures, NK Securities Research, Auroile Logistics, Tyooshan Academy, Hats and Rabbits

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