EVeez

Overview

EVeez is a pioneering electric vehicle (EV) subscription service company based in Gurugram, India, co-founded by Gaurav Rathore and Abhishek Dwivedi in 2020. The company specializes in providing electric bikes on a subscription basis, primarily targeting businesses engaged in delivery services to help them reduce carbon emissions. With a funding of approximately $994K, supported by investors such as ah! Ventures and Ev2 Ventures, EVeez aims to transform the Indian mobility sector by offering sustainable transport solutions.

Recent Developments

  • July 2025: EVeez announced the strategic deployment of 20,000 electric bikes in partnership with Indofast Energy across multiple Indian cities over the next 24 months, focusing on expanding battery-swapping infrastructure to improve operational efficiency. source
  • January 2025: EVeez reported operating a fleet of 7,000 electric bikes, partnering with major platforms like Zomato, Swiggy, and Porter. Their expansion strategy includes inviting local entrepreneurs to establish EV subscription hubs in their cities. source
  • April 2025: A strategic alliance with Battery Smart was formed to accelerate EV adoption in India focusing on improving the subscription model. source
  • 2024: The company raised undisclosed funds from Ev2 Ventures for expanding technological capabilities, with Ev2 impressed by EVeez's utilization rate exceeding 95%. source
  • 2023: EVeez highlighted for providing zero acquisition costs, expanding its franchise-based partnership model, and focusing on gig economy workers, offering tailor-made solutions for delivery service providers. source

Company Information

AttributeInformation
Founding Date2020
HeadquartersGurugram, India
FoundersGaurav Rathore, Abhishek Dwivedi
RevenueNot publicly disclosed
ProfitsNot publicly disclosed
Key Investorsah! Ventures, Ev2 Ventures
IndustryElectric Mobility
Number of Employees152 as of May 2025

Early History

EVeez was co-founded by Gaurav Rathore and Abhishek Dwivedi, both of whom brought distinct visions and expertise to the enterprise. Launched in 2020, the company was established with the fundamental goal of transforming mobility solutions through sustainable practices. Recognizing the burgeoning interest in electric mobility, especially for delivery services, EVeez began offering electric bikes on a subscription model. The founders identified a significant gap in the market for cost-effective, eco-friendly transportation options. Their focus on eliminating ownership barriers appealed to businesses and individuals alike, allowing for rapid initial adoption across major metropolitan areas in India.

Company Profile and Achievements

EVeez has successfully established itself as a leader in the eMaaS (electric Mobility as a Service) sector, with a comprehensive subscription model that includes maintenance, insurance, and flexible terms. Key achievements include:

  • Partnering with major delivery platforms to provide green fleet solutions to reduce emissions.
  • Expansion to a fleet of over 7,000 electric bikes by early 2025.
  • Innovating with battery-swapping stations in collaboration with strategic partners.
  • Implementing a franchise model that empowers local entrepreneurs and ensures widespread reach.

These moves underscore EVeez's ambition to streamline last-mile delivery with a strong emphasis on sustainability and efficiency. The company’s solutions cater to the growing gig economy, drastically reducing the hurdles typically associated with vehicle ownership and operation.

Current Operations and Market Position

EVeez's core operations revolve around providing subscription-based access to electric two-wheelers. The company has carved a significant niche in the Indian market, primarily focusing on sectors like e-commerce, 3PL, and last-mile delivery. With an ongoing expansion into Tier II cities, EVeez is capitalizing on India's rapid urbanization and the increasing shift towards sustainable transport solutions. By maintaining partnerships with significant players in the service sector, EVeez ensures continuous growth and adaptation to market demands.

Conclusion

EVeez stands as a transformative player in India’s electric vehicle ecosystem. By spearheading the adoption of electric mobility solutions, the company addresses environmental concerns associated with traditional fuel vehicles whilst fostering economic inclusivity through its flexible subscription offerings. As it scales its operations and expands partnerships, EVeez is poised to influence significant change in urban transportation, offering a template for sustainable business practices in the mobility sector.

References

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  3. Crunchbase Strategic Alliance
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  6. Outlook Business Funding News
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  8. Startup Talky Success Story