Capital to Accelerate EV Fleet Expansion and Product Development

New Delhi, April, 2026: TREVEL, a premium, safety-first, all-electric cab-hailing platform, is currently raising USD 1 million, with early investor commitments already secured. The initial traction reflects strong confidence in its differentiated, reliability-first approach to urban mobility and signals the company’s next phase of growth. This is the first of two planned announcements, with a detailed update to follow upon closure of the round.

Founded to address the growing gaps in reliability, safety, and service quality in India’s cab-hailing ecosystem, TREVEL operates on a fully integrated model by owning its fleet and employing its drivers. This structure enables the company to deliver zero cancellations, clean and well-maintained vehicles, professionally trained chauffeurs, and consistent service across every ride. With a clear focus on predictability, TREVEL offers transparent per-kilometer pricing with zero surge, restoring trust in a category often defined by uncertainty. The company currently operates Airport Transfers, City Rides, and Hourly Rentals, with early traction indicating balanced demand across categories, particularly in high-reliability use cases.

TREVEL has demonstrated strong early momentum in Gurgaon, where it is steadily scaling operations and building a base of repeat users driven by service consistency rather than discounts. The company is targeting a fleet of over 500 cars and serving more than 50,000 passengers per month by FY2027, with plans to expand across Delhi NCR and other major metros in the coming years. Early operational indicators, including high trip completion rates and growing customer retention, point toward a model designed for both reliability and long-term unit economics.

The current fundraise will be deployed toward fleet expansion, technology development, and strengthening operational systems. A key focus area will be scaling the company’s electric vehicle fleet, enhancing supply reliability through tighter driver and vehicle integration, and advancing its proprietary technology platform, including the upcoming mobile app rollout. Investments will also support building robust backend systems to improve fleet utilization, predictive maintenance, and customer experience at scale.

Commenting on the development, Mishu Ahluwalia, Co-Founder and CEO of TREVEL, said, “Urban mobility today has become unpredictable when it should be the exact opposite. At TREVEL, we are building a system where pricing is fixed and rides are guaranteed, bringing back certainty, safety, and professionalism into everyday travel. The early investor interest in this round reflects a shared belief that reliability-led mobility is not just a niche, but the future of this category. This capital will help us deepen our operational control, scale our electric fleet, and move closer to building a large, sustainable mobility platform for India.”

TREVEL’s long-term vision is to become India’s largest EV cab-hailing platform, with a planned scale of 20,000 vehicles across five major cities and a projected annual revenue run rate exceeding INR 2,000 crore by 2030. As the company continues to build a reliability-first mobility network, the ongoing fundraise marks an important step in aligning capital with a model designed for consistency, control, and long-term growth.

A subsequent announcement will follow upon closure of the round, detailing investor participation and expanded growth plans.