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EVeez raises $5.4 million in Series A funding led by Michael & Susan Dell Foundation to expand its electric two-wheeler subscription service for gig workers.

PRIVATEJul 24, 2025

Amount Raised

$5.4 Million

Round Type

Series A

GurugramTransportationAutomotive

Investors

ThinkuvateMichael & Susan Dell FoundationCaret CapitalBarbershop With ShantanuEv2 VenturesSailThru VenturesAH Ventures Fund

Description

EVeez has raised $5.4 million in a Series A funding round led by the Michael & Susan Dell Foundation. The fresh funds will enhance its affordable electric two-wheeler subscription service for gig workers. Co-founded in 2020, EVeez bridges the gap between mobility and livelihoods in India's gig economy. The company aims to scale its operations significantly, targeting 30 cities and 50,000 vehicles by FY27.

Quick answer

EVeez raised $5.4 Million in a Series A round, dated July 24, 2025. Investors: Thinkuvate, Michael & Susan Dell Foundation, Caret Capital, Barbershop With Shantanu, Ev2 Ventures, SailThru Ventures and AH Ventures Fund. EVeez is based in Gurugram, Haryana, India.

How much did EVeez raise?
EVeez raised $5.4 Million in a Series A round on July 24, 2025.
Who invested in EVeez?
Thinkuvate, Michael & Susan Dell Foundation, Caret Capital, Barbershop With Shantanu, Ev2 Ventures, SailThru Ventures and AH Ventures Fund are named as investors in this round.
What does EVeez do?
EVeez is India’s leading company transforming the mobility ecosystem by providing electric vehicles on subscription for commute, delivery services, and in-campus mobility.
Where is EVeez based and how big is it?
EVeez is based in Gurugram, Haryana, India.
Who are the decision-makers at EVeez?
Fundz holds 1 contact at EVeez. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Automotive around the same time

Companies in the same sectors as EVeez that raised within 45 days of this round, from Fundz verified event records.

  • Lucid Group raised $300M (Funding Round) on September 4, 2025.
  • FERNRIDE raised $21M (Series A) on September 4, 2025.
  • Beta Technologies raised $300M on September 3, 2025.
  • VEMO raised $250M (Funding Round) on September 3, 2025.
  • WheelsOn raised $13M (Funding Round) on September 2, 2025.
  • Blitz Electric Mobility raised an undisclosed amount (Pre-Series A) on August 25, 2025.

Who to call at EVeez, and when

A new round usually means EVeez is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

EVeez

Location

Gurugram, Haryana, India

About

EVeez is India’s leading company transforming the mobility ecosystem by providing electric vehicles on subscription for commute, delivery services, and in-campus mobility. It offers best-in-class vehicles that are customizable at your service. EVeez is on a mission to make last-mile delivery affordable with zero emissions. We are currently operating in all locations across Delhi NCR, Bangalore, Hyderabad, and Kolkata. EVeez has a total fleet size of 1700+ ebikes and has partnered with SMB, eCommerce, 3PL, transportation, and last-mile delivery giants like Zomato, Swiggy, Zepto, Xpressbees, Uber Moto, and Shadowfax.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

EVeez raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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