Team Startupcity

• EVeez raises $5.4M in Series A round led by Michael & Susan Dell Foundation to scale its EV subscription model for gig workers.
• Startup aims to expand from 15 to 30 cities and grow its EV fleet to 50,000 vehicles by FY27.
• Over 50% of users are first-time gig workers, using EVeez to access jobs without financial debt or

Gurugram electric mobility startup EVeez has raised $5.4 million in Series A to grow its electric two-wheeler subscription solution targeting India's rapidly growing gig workforce.

The round was led by the Michael & Susan Dell Foundation, with contributions from Caret Capital, ThinKuvate, Ev2 Ventures, Barbershop With Shantanu, SailThru Ventures, and ah! Ventures Fund. This comes after the startup's seed round of close to $1 million.

Started in 2020 by Gaurav Rathore and Abhishek Dwivedi, EVeez runs on the subscription-as-a-service model and provides electric scooters accompanied by insurance, maintenance, battery swaps, and EV fundamental training to delivery personnel and other gig experts. The plans begin at a mere Rs 1,100 for weekly usage, with the vision of making electric mobility accessible and within everyone's budget.

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Today operating a fleet of 7,000 cars in 15 Indian cities, EVeez aims to scale up to 50,000 cars in 30 cities by FY27. Over 50% of its users are first-generation gig workers, while the remaining users are shifting from petrol-run cars. The company alleges such users have enhanced take-home pay by saving on fuel and maintenance.

Co-founder and COO Abhishek Dwivedi said, "With more than 20 million gig workers on the cards in India in the near future, EVeez is positioned to deliver clean, accessible mobility solutions that green the last mile and enhance economic opportunities."

The funding arrives as India's delivery ecosystem  not to say the nation itself  slowly drifts into electric vehicles. With low-cost, no-debt subscriptions, the EVeez model serves as a bridge for low-income workers, driving them to enter the electric vehicle revolution.

Prachi Windlass, Michael & Susan Dell Foundation Director, has stated, "EVeez is opening new livelihood opportunities by providing affordable access to EVs for gig workers, allowing them to earn higher and work on their own terms".