Delhi-NCR-based electric mobility startup Trev Mobility has announced a fresh capital infusion as Trev Mobility raises Rs. 3.65 Cr in its maiden angel funding round. The investment, completed on April 8, 2026, comes primarily from the platform’s own users—an endorsement that the company sees as a strong vote of confidence in its service quality and long-term vision.
Customer-Led Funding Fuels Expansion Plans
In this unique round, 11 angel investors—many of them existing riders—participated, demonstrating customer trust in the platform’s premium electric cab service. Founder Naveen Gupta continues to hold an 86% stake after the fundraise. The company has previously secured a ₹20 lakh grant under the Startup India Seed Fund Scheme to strengthen its technology infrastructure.
With this fresh capital, Trev Mobility plans to scale its presence across Delhi, Gurugram, Noida, Faridabad, and Ghaziabad, solidifying its footprint in the Delhi-NCR mobility landscape.
Strong Operational Traction Since Launch
Since its launch in January 2024, Trev Mobility has built a fleet of nearly 100 electric vehicles, including models from BYD and MG Motor. The service has completed over 45,000 rides, recording an impressive 55–60% repeat customer rate. Additionally, 75% of bookings come through the TrEV Cabs mobile app, highlighting strong digital adoption.
Its service portfolio spans:
- Airport Transfers – 50–55% of total revenue
- Rental Services – 30% of the business
- Outstation Travel – 20% contribution
Premium Experience at the Core
Commenting on the milestone, founder Naveen Gupta said that having customers invest directly in Trev Mobility is a clear validation of trust and the company’s commitment to delivering a superior travel experience. “Our mission is to create a service that feels less like a cab and more like your personal car,” he added.
The startup is reinforcing its premium positioning through immaculate vehicle upkeep, trained chauffeurs, and high hospitality standards. With Trev, mobility raised Rs. 3.65 Cr; the company aims to elevate its service quality even further.
Tech-Driven Growth and Future Roadmap
To enhance safety and accountability, Trev Mobility is integrating AI-powered dashcams across its fleet. Its revenue model remains strong, with 75% coming from D2C customers and 25% from B2B partnerships with corporates and educational institutions. The company’s AOV stands at ₹1,340, nearly 3.5× higher than the industry average, driven by its focus on premium mobility.
As Trev Mobility raises Rs. 3.65 Cr, the company is gearing up to accelerate EV adoption in NCR and redefine what a premium electric cab experience should feel like. With Trev, Mobility raises Rs. 3.65 Cr; the brand is poised for its next phase of rapid growth.
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