What is EVeez?
Established in 2020, EVeez operates as a specialized provider of eBike subscriptions tailored specifically for businesses engaged in delivery services. By offering a seamless, subscription-based model, the company enables enterprises to transition their fleets to electric power, thereby significantly reducing their carbon footprint. This service-oriented approach removes the high upfront costs associated with electric vehicle adoption, allowing logistics providers to focus on operational efficiency while contributing to greener urban environments. EVeez occupies a strategic niche in the Indian market, where the rapid expansion of e-commerce and last-mile delivery services necessitates scalable, sustainable transportation alternatives.
How much funding has EVeez raised?
EVeez has raised a total of $5.8M across 2 funding rounds:
Angel/Seed
$400K
Series A
$5.4M
Angel/Seed (2021): $400K with participation from Ah.ventures
Series A (2025): $5.4M led by Ev2 Ventures, ThinKuvate, Michael & Susan Dell Foundation, and Caret Capital
Key Investors in EVeez
Ev2 Ventures
Ev2 Ventures is an investment firm focused on sustainable and smart mobility startups in India, targeting seed and early-stage companies to accelerate growth and environmental impact.
ThinKuvate
ThinKuvate is a Singapore-based venture capital firm that invests in technology and tech-enabled startups across India and Southeast Asia, combining early-stage capital with practitioner-led execution support.
Michael & Susan Dell Foundation
The Michael & Susan Dell Foundation is a charitable, non-profit private foundation focused on accelerating human opportunity globally through initiatives in education, health, and financial services.
What's next for EVeez?
With the successful closure of this Series A round, EVeez is poised to enter a phase of aggressive operational scaling. The strategic focus will likely shift toward expanding its fleet capacity, enhancing its proprietary subscription management technology, and deepening its penetration into key urban markets across India. As the company matures, it will likely prioritize the optimization of its charging infrastructure and the integration of advanced telematics to provide superior value to its corporate clients. By maintaining its commitment to sustainable mobility, EVeez is set to play a foundational role in the electrification of the Indian logistics sector, potentially setting new benchmarks for capital-efficient growth in the green-tech space.
See full EVeez company page
