
Eveez
One of the pioneers in Electric Vehicle subscription ecosystems.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
* | $5.4m | Series A | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 317 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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EVeez is an Indian startup that operates in the mobility sector, specifically focusing on electric vehicles (EVs). The company's primary offering is a subscription-based service for eBikes, targeting businesses that are keen on reducing their carbon footprint. This could include delivery services, courier companies, and other businesses that rely on short-distance transportation.
The business model is straightforward. Clients sign up for a subscription, which includes the use of an eBike, service, insurance, and regular wear and tear. The cost of the subscription varies depending on the range and battery capacity of the eBike, with prices ranging from ₹ 3800 to ₹ 5500 per month, plus 5% GST.
EVeez's eBikes are designed to be user-friendly and efficient. They have a carrying capacity of 150 kg and can accommodate two passengers. Depending on the subscription, the eBikes can travel between 60 to 130 km on a single charge. Some models do not require a driver's license or registration, making them accessible to a wider range of users.
The company's value proposition is twofold. First, it offers an environmentally friendly solution for businesses that rely on transportation. Second, it provides a cost-effective alternative to traditional vehicles, with the subscription model eliminating the need for upfront investment and maintenance costs.
In conclusion, EVeez is a promising startup in the Indian mobility sector, offering a green and cost-effective solution for businesses.
Keywords: Electric Vehicles, eBikes, Subscription Model, Environmentally Friendly, Cost-effective, Mobility Sector, Indian Startup, Business Transportation, User-friendly, Maintenance Included.