TrEV Mobility Raises ₹3.65 Crore from Angel Investors to Expand EV Operations

All-electric mobility platform TrEV Mobility has secured ₹3.65 crore in its maiden funding round, marking its first external capital infusion.  

The round saw participation from 11 angel investors, several of whom were initially users of the service, indicating early customer validation. 

Funding Details and Expansion Plans 

As per The Business Standard report, the funding comes from 11 individual investors, with founder Naveen Gupta noting that many of them “used our service independently” before choosing to invest.  

He described this as a “powerful validation of the trust we’ve built and the experience we deliver”. Post funding, Gupta retains an 86% stake in the company. 

The capital will be deployed to expand the company’s EV fleet and scale operations across Delhi-NCR, including Delhi, Gurugram, Noida, Faridabad, and Ghaziabad.  

Prior to this round, the company had received ₹20 lakh under the Startup India Seed Fund Scheme, which was used to build its mobile app and strengthen its technology stack. 

Operations and Growth Metrics 

Launched in January 2024, TrEV Mobility currently operates a fleet of nearly 100 electric vehicles, including models from BYD and MG Motor.  

The platform has completed over 45,000 rides and is currently averaging around 300 rides per day. User retention remains strong, with repeat customers accounting for 55–60% of usage. 

The company offers airport transfers, rentals and outstation travel services, with nearly 75% of bookings coming through its mobile application. The app has recorded around 24,000 downloads so far, with a target of reaching 50,000 downloads within the next three months. 

Revenue Model and Business Mix 

Around 75% of the company’s revenue comes from direct-to-consumer operations, while the remaining share is generated through business-to-business partnerships with corporates and educational institutions. TrEV Mobility also provides logistics support for events such as weddings and seminars. 

In terms of service contribution, airport rides account for 50–55% of revenue, rentals contribute 30% and outstation travel makes up 20%.  

The company reports an average order value of ₹1,340, which is approximately 3.5 times higher than the industry average. Financial details for FY26 have not yet been disclosed. 

The company is also investing in safety and technology, including AI-powered dashcams aimed at improving in-ride security and accountability. 

Read More: India’s EV Retail Sales Rise 24.6% to 24.52 Lakh Units in FY26 Across All Segments! 

Conclusion 

With early customer-backed funding, improving usage metrics and expansion plans in place, TrEV Mobility is scaling its presence in the electric mobility segment across NCR. 

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