Funding · Mobility & Logistics

Trevel raises $1 million for EV fleet expansion

By Startup Enthusiast · 12 June 2026

What they do

Trevel provides electric vehicle rides including airport transfers and city services in Delhi NCR

The company raised $1 million co-led by India Accelerator and Finvolve to expand its fleet

Trevel aims to reach 500 vehicles by March 2027 while competing with established ride-hailing giants

Trevel has raised $1 million in a funding round led by India Accelerator and Finvolve.
Haldiram Family Office, RMRN Ventures, and BP Jain Holdings participated in this investment.
Angel investors including Rohit Qamra and several others also joined the funding round.
The Gurugram-based startup operates an asset-heavy model owning or leasing electric vehicles.
Trevel offers fixed pricing for airport transfers, city rides, and hourly rentals in Delhi NCR.
The company launched Trevel 2.0, a tech platform featuring ride scheduling and transparent pricing.
Trevel completed over 5,000 rides with a customer retention rate exceeding 70 percent.
Founders Mishu Ahluwalia, Rishi Raj Kochhar, and Sahil Jindal established the company in 2025.

Trevel competes against major players like BluSmart and traditional ride-hailing giants.
The funding supports aggressive growth targets and operational strengthening initiatives.
Strategic partnerships with MG Motor India and Kia India aid vehicle procurement.

Trevel functions as an EV fleet mobility provider focusing on sustainable transport solutions.
Services include airport transfers, daily city rides, and flexible hourly rentals for customers.
The business operates primarily in the Delhi NCR region from its base in Gurugram.
It follows an asset-heavy model where it owns or leases vehicles directly.
Pricing is set at fixed rates rather than dynamic surge pricing common in the industry.
The fleet includes models like MG Windsor EV, MG ZS EV, and BYD e6.
Trevel secured MoUs with MG Motor India and Kia India for vehicle supply.
The Trevel 2.0 platform enables users to schedule rides and view fixed prices easily.
The company reports strong user engagement with a 70 percent customer retention rate.

Trevel plans to add approximately 25 vehicles per month to its fleet.
The company aims to reach a total of 500 vehicles by March 2027.
Funds will be used for fleet expansion, technology development, and marketing efforts.