EV Startup Raises $1 Million, Plans 10x Fleet Expansion to 500 Vehicles by 2027

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.

Trevel Plans Rapid EV Fleet Expansion

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.

Fleet Expansion Targets

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

Partnerships With MG Motor and Kia India

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:

• MG Windsor EV
• MG ZS EV
• Kia Carens Clavis EV
• BYD e6

These partnerships are expected to help Trevel secure vehicle supply while scaling its operations across key urban mobility segments.

Focus on Technology and Customer Experience

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:

• Ride booking efficiency
• Fleet management
• Customer experience
• Operational optimization
• Pricing transparency

The company has positioned itself around a simple value proposition fixed pricing and guaranteed rides, addressing common pain points faced by ride-hailing users.

Strong Early Growth Momentum

Despite being a relatively new entrant in the EV mobility market, Trevel has demonstrated encouraging traction since launch.

Key Business Metrics

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 EV Mobility Opportunity

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.

What the Funding Means for Trevel

The fresh capital will be deployed across four key areas:

• Expanding the electric vehicle fleet
• Strengthening the technology platform
• Increasing customer acquisition and marketing
• Enhancing operational capabilities

The company aims to establish itself as a leading EV mobility platform while building a scalable and sustainable transportation ecosystem.

Key Highlights

• Trevel raises $1 million funding
• Round co-led by India Accelerator and Finvolve
• Haldiram Family Office joins investment round
• Plans to expand fleet to 500 EVs by March 2027
• Adding approximately 25 vehicles every month
• Partnerships signed with MG Motor India and Kia India
• More than 5,000 rides completed
• Over 70% repeat customer rate
• Focus on airport transfers, city rides, and rentals

Conclusion

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.

How much funding has Trevel raised?

Trevel has raised $1 million in its latest funding round.

Who led Trevel's funding round?

The round was co-led by India Accelerator, Finvolve, Haldiram Family Office, and Rohit Qamra.

What does Trevel do?

Trevel is an EV mobility platform offering airport transfers, city rides, and hourly rentals using electric vehicles.

What is Trevel's fleet expansion target?

The company aims to expand its fleet to 500 electric vehicles by March 2027.

How many rides has Trevel completed?

Trevel has completed more than 5,000 rides since launch.