India Accelerator, Finvolve And Haldiram Family Office Back EV Mobility Platform
Gurugram-based EV mobility startup Trevel has raised $1 million in a funding round co-led by India Accelerator, Finvolve, the Haldiram Family Office, and investor Rohit Qamra.
The round also witnessed participation from RMRN Ventures, BP Jain Holdings, Bipin Preet Singh, Aakash Goyal, Aakash Anand, Aditya Singh, and several other angel investors.
The fresh capital will be deployed towards fleet expansion, technology enhancement, marketing initiatives, and strengthening operational capabilities as the company looks to scale its presence in the rapidly growing electric mobility market.
Building A Premium EV-Only Mobility Platform
Founded in 2025 by Mishu Ahluwalia, Rishi Raj Kochhar, and Sahil Jindal, Trevel operates an all-electric mobility platform focused on airport transfers, city rides, and hourly rental services.
The startup currently serves customers across Delhi NCR and aims to position itself as a premium, sustainable alternative to traditional ride-hailing services.
Its fleet includes electric vehicles such as the MG Windsor EV, MG ZS EV, Kia Carens Clavis EV, and BYD e6, allowing the company to cater to both individual and business travelers seeking cleaner transportation options.
Strategic Partnerships To Accelerate Fleet Growth
As part of its expansion strategy, Trevel has signed Memorandums of Understanding (MoUs) with MG Motor India and Kia India.
These partnerships are expected to support the startup’s ambitious fleet growth plans and ensure a steady supply of electric vehicles as demand increases.
The company plans to add approximately 25 new vehicles every month and aims to scale its fleet to 500 EVs by March 2027.
Industry observers view fleet availability as one of the most critical factors in determining the success of EV-based ride-hailing platforms, particularly in large metropolitan markets.
Focus On Technology And Customer Experience
Alongside the funding announcement, Trevel highlighted the launch of Trevel 2.0, the latest version of its technology platform.
The upgraded platform is designed to improve customer experience, optimize fleet utilization, and strengthen operational efficiency.
Technology remains a key differentiator in the mobility sector, where companies increasingly rely on data analytics, route optimization, and predictive demand management to improve profitability and service quality.
Trevel plans to invest a portion of the new funding toward further enhancing its technology infrastructure.
Strong Early Customer Retention
Despite being a relatively young company, Trevel claims to have completed more than 5,000 rides to date.
Notably, the startup reports that over 70% of its customers have returned for repeat bookings, indicating strong user satisfaction and growing brand loyalty.
High repeat usage is often viewed as a key indicator of product market fit in mobility businesses, particularly in highly competitive urban transportation markets.
India’s EV Mobility Market Continues To Expand
The funding comes amid growing momentum in India’s electric mobility ecosystem.
Government incentives, rising fuel costs, increasing environmental awareness, and improvements in charging infrastructure have accelerated EV adoption across both personal and commercial transportation segments.
While much of the attention has focused on electric two-wheelers and passenger vehicles, EV-powered mobility services are also emerging as a promising growth category.
With fresh capital, strategic partnerships, and plans for aggressive fleet expansion, Trevel aims to strengthen its position in India’s evolving EV transportation landscape and capture a larger share of the growing demand for sustainable mobility solutions.
