Trev Mobility said it plans to raise $2 million in a new funding round to expand its fleet, enter new metropolitan markets, and upgrade technology infrastructure. Operating in the chauffeur-driven electric passenger vehicle segment, the company plans to scale its fleet from 105 vehicles to 300 units by the end of the current financial year.
Over the long term, Trev Mobility is targeting a fleet of 2,500 premium electric vehicles by 2031 through expansion across major metros and select Tier-2 markets. Trev previously raised Rs 3.5 crore from its customer network, including corporate executives.
Naveen Gupta, Founder, Trev Mobility, said, "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."