What is EVeez?
Established in 2020, EVeez operates at the intersection of electric mobility and logistics technology. The company provides comprehensive eBike subscription services tailored specifically for businesses managing delivery fleets. By offering a turnkey solution that includes vehicle maintenance and fleet management, EVeez enables enterprises to reduce their carbon footprint while optimizing operational efficiency. In a market increasingly pressured by environmental regulations and the rising cost of fuel, EVeez serves as a strategic enabler for companies looking to modernize their logistics infrastructure. Their business model effectively lowers the barrier to entry for fleet electrification, positioning the firm as a vital component in the ongoing transformation of urban delivery networks across India.
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, Caret Capital, and Michael & Susan Dell Foundation
Key Investors in EVeez
Ev2 Ventures
An investment firm specializing in sustainable and smart mobility startups in India, focusing on early-stage companies within the electric vehicle and logistics technology sectors.
ThinKuvate
A Singapore-based venture capital firm that provides early-stage capital and practitioner-led execution support to technology-enabled startups across India and Southeast Asia.
Caret Capital
A specialized investment firm that utilizes advanced algorithms and intelligent strategies to maximize capital returns through high-quality project management and strategic consulting.
What's next for EVeez?
With this latest capital injection, EVeez is well-positioned to accelerate its geographic expansion and enhance its proprietary fleet management technology. The company is expected to focus on scaling its subscription model to meet the growing demand from large-scale e-commerce and food delivery platforms. Strategic priorities likely include the procurement of additional electric assets, the refinement of its predictive maintenance algorithms, and the expansion of its service network to support a larger enterprise client base. As the firm moves into this next phase of growth, the focus will remain on maintaining capital efficiency while solidifying its leadership in the sustainable mobility-as-a-service market.
See full EVeez company page
