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Funding · Mobility & Logistics

Trev Mobility raises Rs 3.65 crore from angels

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Date
Company
Trev Mobility
What it does
Premium electric chauffeur service
Kind
Funding
Amount
Rs 3.65 crore
Stage
angel
Based in
Delhi-NCR
Founded
January 2024
Sector
Mobility & Logistics

What they do

Trev Mobility provides premium all-electric chauffeur cab services for airport and outstation travel

What happened

The company raised Rs 3.65 crore in an angel funding round from its existing user base and eleven angel investors

Why it matters

It plans to expand its fleet of one hundred EVs across four cities in the Delhi-NCR region

The details

  • Trev Mobility has closed an angel funding round raising Rs 3.65 crore.
  • The capital comes from eleven angel investors who are also part of the company's existing user base.
  • This is the latest investment following a previous seed grant of Rs 20 lakh from the Startup India Seed Fund Scheme.
  • The funds will be used to expand its electric vehicle fleet and scale operations.
  • Expansion targets include major cities in the Delhi-NCR region such as Gurgaon and Noida.
  • The startup focuses on premium app-first chauffeur services with high hospitality standards.
  • It currently operates a fleet of one hundred EVs from brands like BYD and MG Motor.
  • Safety is ensured through AI-powered dashcams installed in vehicles for driver accountability.

The bigger picture

  • The funding validates Trev Mobility's model at the intersection of luxury and accessibility.
  • A 55-60 percent repeat user rate indicates strong customer retention and satisfaction.
  • The company has completed over 45,000 trips since launching in January 2024.
  • Seventy-five percent of bookings come directly through its mobile application.

About the business

  • Trev Mobility offers premium all-electric chauffeur cab services.
  • Key services include airport transfers, local rentals, and outstation travel.
  • The platform is app-first, allowing users to book rides digitally.
  • The company emphasizes vehicle maintenance and high hospitality standards.
  • It positions itself at the intersection of luxury and accessibility.
  • The business relies on a fleet of modern electric vehicles.
  • Partnerships with brands like BYD and MG Motor support its fleet.
  • Operations are concentrated in four cities within the Delhi-NCR area.
  • Customer loyalty is driven by consistent service quality and safety features.

What happens next

  • Expand the electric vehicle fleet across the Delhi-NCR region.
  • Scale operations in cities including Gurgaon, Noida, Faridabad, and Ghaziabad.

The deal

Type
angel funding

Investors

  • 11 angel investors (participated) — Existing users of the Trev Mobility platform.

Founders

  • Naveen Gupta, Founder

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