EVeez, an electric mobility-as-a-service (eMaaS) platform, has raised $5.4 million in a Series A funding round led by the Michael & Susan Dell Foundation.
The round also saw participation from Caret Capital, ThinKuvate, Ev2 Ventures, Barbershop With Shantanu, SailThru Ventures, and Ah Ventures Fund.
The fresh funds raised will be used to expand its electric two-wheeler subscription service for gig workers.
Founded in 2020 by Abhishek Dwivedi and Gaurav Rathore, EVeez offers electric vehicles on a subscription basis, aiming to reduce entry barriers for gig workers in urban areas. It provides electric scooters bundled with insurance, repair services, battery swaps, and EV training, ensuring users can focus on earnings rather than vehicle maintenance or ownership costs.
With weekly subscription plans starting at ₹1,100, EVeez enables individuals, especially those from low-income urban communities, to access electric two-wheelers and join platforms in quick commerce, food delivery, e-commerce, and ride-hailing without the upfront burden of vehicle ownership.
Currently, EVeez operates a fleet of 7,000 electric vehicles (EVs) across 15 cities, with plans to scale to 30 cities and 50,000 vehicles by FY27. Of its current users, 55% are first-time gig workers, and the remaining 45% are transitioning from internal combustion engine (ICE) vehicles.
Abhishek Dwivedi, Co-founder and Chief Operating Officer of EVeez, said, “With India projected to have more than 20 million gig workers in the near future, EVeez is strategically positioned to revolutionise how this workforce accesses clean mobility solutions. We are committed to greening the last mile and making electric mobility accessible to everyone participating in the gig economy.”
Prachi Windlass, Head of India at the Michael & Susan Dell Foundation, said, “EVeez is opening the door to India’s booming delivery and gig work market for thousands of young people. With a low-cost subscription model, increased earning potential, and practical benefits like insurance, it’s giving gig workers more control over how, when, and how much they earn, and creating real opportunities for independent work.”
