Premium electric mobility startup Trev Mobility is planning to raise $2 million in its upcoming funding round to support fleet expansion, enter new markets and strengthen its technology and operational capabilities.
The company currently operates 105 premium electric vehicles in India’s chauffeur-driven electric mobility segment and aims to increase its fleet to 300 vehicles by the end of the current financial year.
Over the longer term, Trev Mobility is targeting a fleet of 2,500 premium EVs by 2031, with plans to expand its presence across major metros and select Tier-2 cities.
The planned fundraise comes as Trev moves towards PAT positivity at an annualised revenue run rate of approximately ₹15 crore. The company has previously raised ₹3.5 crore from its own customers, including CXOs and frequent users of the service, demonstrating customer conviction in its premium chauffeur-driven EV proposition.
Founded with just two vehicles, Trev has grown its fleet to 105 vehicles while deliberately building a business that sits outside the mass-market ride-hailing segment. The company focuses on premium electric cars and SUVs, professionally managed chauffeurs and a controlled end-to-end customer experience.
“We have built Trev around a very clear customer need a reliable, premium and professionally managed mobility experience. Having grown from two vehicles to over 100, our next phase is about taking this model to more markets while maintaining the experience that differentiates us. We are looking to raise $2 million to accelerate that journey,” said Naveen Gupta, Founder, Trev Mobility.
Trev operates its own chauffeur service rather than following a conventional aggregator model, giving the company greater control over the vehicle, driver and overall customer experience. Around 90% of Trev’s fleet is leased, largely through financial leases, while the company manages vehicle maintenance. Its fleet currently includes premium electric vehicles from MG and BYD, with the company evaluating additional models as India’s electric passenger vehicle ecosystem expands.
Technology is also being deployed to strengthen safety and service consistency. Trev uses AI-enabled cameras to monitor driver behaviour, including signs of fatigue, aggressive driving, smoking and seatbelt violations.
Drivers are employed on fixed salaries with incentives, periodic increments and insurance benefits, a model designed to improve retention while creating a more consistent chauffeur experience for customers. As part of its next phase of growth, Trev plans to enter Bengaluru, Mumbai and other major metropolitan markets through its own operations. The company is also exploring asset-light and quasi-asset-light partnerships that could enable it to scale faster while maintaining control over service standards.
Trev also sees an opportunity in select Tier-2 cities, where it intends to retain its premium positioning rather than compete directly with mass-market ride-hailing platforms.
“We are not trying to compete for every ride. There is a distinct segment of customers for whom the quality of the car, chauffeur, safety and overall experience matters significantly. We believe premium electric mobility can become a category, and our focus is on building Trev as a strong player in that space,” Gupta added.
As India’s electric mobility ecosystem evolves, Trev expects the market to become increasingly segmented between mass-market ride-hailing platforms, regional EV operators, B2B fleet businesses and specialised premium mobility providers. Trev intends to occupy the premium end of this spectrum, combining electric vehicles with a professionally managed chauffeur experience.
