Loading market data...
Mon, 14 Sept 2026
11:49:45 pm
Mon, 14 Sept 2026
11:49:45 pm
Rudransh Sangwan
Published at: June 16, 2026, 2:29 PM
Synopsis
EV mobility startup Trevel raises $1 million in funding led by India Accelerator and Finvolve. The company plans to expand its EV fleet to 500 vehicles by March 2027 and strengthen its technology platform.
Gurugram-based EV mobility startup Trevel has raised $1 million in a funding round co-led by India Accelerator, Finvolve, Haldiram Family Office, and Rohit Qamra. The fresh capital will support the company's aggressive fleet expansion plans, technology upgrades, and operational growth as it looks to strengthen its presence in India's rapidly growing electric mobility sector.
The round also witnessed participation from RMRN Ventures, BP Jain Holdings, Bipin Preet Singh, Aakash Goyal, Aakash Anand, Aditya Singh, and several other investors.
Founded in 2025 by Mishu Ahluwalia, Rishi Raj Kochhar, and Sahil Jindal, Trevel operates an electric vehicle-based ride-hailing platform focused on airport transfers, city rides, and hourly rentals across Delhi NCR.
The company has outlined an ambitious growth roadmap and plans to expand its fleet to 500 electric vehicles by March 2027.
| Particulars | Details |
|---|---|
| Funding Raised | $1 Million |
| Headquarters | Gurugram |
| Founded | 2025 |
| Current Market | Delhi NCR |
| Monthly Vehicle Addition Target | 25 EVs |
| Fleet Target | 500 EVs by March 2027 |
To support its expansion plans, Trevel has signed Memorandums of Understanding (MoUs) with MG Motor India and Kia India.
The company currently operates a fleet comprising:
These partnerships are expected to help Trevel secure vehicle supply while scaling its operations across key urban mobility segments.
Alongside fleet expansion, Trevel plans to strengthen its technology infrastructure through the launch of Trevel 2.0, the latest version of its platform.
The upgraded system aims to improve:
The company has positioned itself around a simple value proposition fixed pricing and guaranteed rides, addressing common pain points faced by ride-hailing users.
Despite being a relatively new entrant in the EV mobility market, Trevel has demonstrated encouraging traction since launch.
| Metric | Performance |
|---|---|
| Total Rides Completed | 5,000+ |
| Repeat Customer Rate | 70%+ |
| Service Categories | Airport, City Rides, Rentals |
| Operating Region | Delhi NCR |
A repeat customer rate exceeding 70% highlights growing user acceptance and satisfaction with the platform's services.
India's electric mobility market continues to attract strong investor interest as consumers increasingly shift toward sustainable transportation options.
Government incentives, rising fuel costs, improving charging infrastructure, and growing environmental awareness are creating significant opportunities for EV-focused mobility startups.
Companies operating fleet-based electric transportation models are particularly well-positioned to benefit from this transition.
The fresh capital will be deployed across four key areas:
The company aims to establish itself as a leading EV mobility platform while building a scalable and sustainable transportation ecosystem.
Trevel's latest funding round marks an important milestone in its growth journey as the startup accelerates its expansion in India's fast-growing electric mobility market. With strong investor backing, strategic partnerships with leading automakers, and plans to build a fleet of 500 EVs, the company is positioning itself to capitalize on the increasing demand for sustainable urban transportation solutions.
Trevel has raised $1 million in its latest funding round.
The round was co-led by India Accelerator, Finvolve, Haldiram Family Office, and Rohit Qamra.
Trevel is an EV mobility platform offering airport transfers, city rides, and hourly rentals using electric vehicles.
The company aims to expand its fleet to 500 electric vehicles by March 2027.
Trevel has completed more than 5,000 rides since launch.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
The information provided in this article is for educational and informational purposes only and should not be construed as financial, investment, or legal advice. welomoney does not provide personalized investment recommendations.
For detailed terms and conditions, please read our Disclaimer and Terms of Service.
No additional articles in this category yet.
