Zevo
Zevo is a peer-to-peer EV sharing marketplace connecting individual Tesla owners with gig-economy renters through a contactless iOS and web app, operating in Texas, California, Arizona, and Florida with a 25-40% commission per rental.
- Company typePrivate
- Founded2024
- HeadquartersDallas, United States
- Headcount51–100
- GTM typeB2C
- OfferingDigital Commerce or Content
What Zevo does
Zevo operates a two-sided, peer-to-peer marketplace for short-term and long-term electric vehicle rentals, connecting individual EV owners ("hosts") with renters — primarily gig workers in rideshare and delivery — without holding vehicle inventory itself. The platform is delivered via an iOS mobile app and web interfaces (web.zevo.com for drivers, host.zevo.com for hosts), enabling fully contactless bookings: renters verify identity through Checkr, reserve a specific vehicle, and unlock it via smartphone using Tesla-integrated phone-key functionality. Supporting integrations with Standard Fleet (fleet management, telematics, Supercharging invoice automation), Tinker (ASE-certified virtual inspections), and Stripe (payments) form the operational backbone. Coverage spans Texas, California, Arizona, and Florida, with a waitlist exceeding 3,500 and approximately 100 new drivers joining daily.
The revenue model is marketplace-commission-based: Zevo earns a 25-40% commission per rental transaction, supplemented by protection plan collection amounts (administered for third-party coverage providers through Hartford), Supercharging processing fees, a 20% daily-payment premium on the Charge Key option, and platform fee deductions from host earnings. Standard pricing is $390-$500 per week inclusive of insurance, with a 225 mile/day cap and $0.30/mile overage; gig-economy promotional tiers require a 181-day minimum commitment. The platform has scaled to over 2,000 vehicles and 5 million+ clean miles driven per month, with strategic OEM and AV partnerships (Faraday Future for up to 1,000 FX Super One units, Tensor for up to 100 autonomous vehicles) signaling an emerging pivot from EV rentals toward decentralized peer-to-peer AV/robotaxi sharing.
Zevo is privately held, headquartered in Dallas, Texas (registered in Delaware as Zevo Corp), and was bootstrapped by founder/CEO Hebron Sher with $1 million of personal capital before raising approximately $13.5 million from high-net-worth individuals in North Texas and an additional $6 million seed round in June 2025. The company projects surpassing $40 million in revenue in 2026 after reaching $8 million+ ARR within roughly 10 months of operation.
Zevo firmographics
Firmographics- Name
- Zevo
- Legal name
- Zevo Corp
- Website
- https://zevo.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Zevo is a peer-to-peer EV sharing marketplace connecting individual Tesla owners with gig-economy renters through a contactless iOS and web app, operating in Texas, California, Arizona, and Florida with a 25-40% commission per rental.
- Ownership category
- akta.pro rank
Zevo industry classification
Industry- Product category
- Peer-to-Peer EV Rental Marketplace
- NAICS
- Passenger Car Rental (532111), Passenger Car Rental and Leasing (53211)
- SIC
- Services-Auto Rental & Leasing (No Drivers) (7510)
- akta.pro primary industry
- Peer-to-Peer (P2P) EV Rentals (THADANAC)
- akta.pro secondary industry
- P2P Car Sharing for Hosts (Owner Supply & Management Tools) (THADABAB)
Keywords
Where Zevo is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Zevo business model
Business model- GTM type
- B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Peer-to-Peer Transaction Commission: ZEVO earns 25-40% commission per rental transaction between EV hosts and renters. Renters average 100-day rental periods. This is the primary revenue stream for the peer-to-peer marketplace.
- Platform Fees (Host Deductions): ZEVO deducts platform fees from host earnings, reimbursing hosts for funds collected from guests less ZEVO fees. Also deducts operational costs (charging, detailing, concierge, maintenance, towing, cleaning) from host wallet balances.
- Protection Plan Collection: ZEVO collects a Protection Plan Collection Amount from hosts per completed booking to fund third-party automobile liability and physical damage protection plan premiums. ZEVO collects this as an administrative agent and remits it to coverage providers.
- Supercharging Processing Fee: ZEVO charges a processing fee on all Supercharging costs incurred during rental periods, covering administrative costs for tracking, processing, and reconciling EV charging expenses including payment processing and dispute handling.
- Charge Key Daily Payment Premium: For renters using the Charge Key system, a 20% premium applies on the standard rental rate (Daily Rate = Weekly Rate x 1.20 / 7).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Standard Peer-to-Peer EV Rental (Weekly) |
| Unit Pricing | Pay-as-you-go | Charge Key Daily Payment Option |
| Unit Pricing | Pay-as-you-go | Exact Vehicle Selection Model |
| Subscription | Multi-year contract | Host Protection Plans |
| Unit Pricing | Multi-year contract | Long-Term Gig Economy Rental (181-day minimum) |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels10 records
Zevo product offering
Product offeringCore offering
Zevo operates a two-sided, fully contactless peer-to-peer marketplace that allows individual electric vehicle (EV) owners (hosts) to list and rent their vehicles—primarily Teslas—to renters, especially gig economy drivers, on a weekly or long-term basis. The platform handles booking, identity verification, smartphone-based vehicle unlock, telematics, charging reconciliation, host payouts, and protection plan administration, taking a 25–40% commission per rental transaction.
Product overview
ZEVO operates as a peer-to-peer EV sharing marketplace with a platform-plus-modules architecture. The core offering is the peer-to-peer EV sharing platform (website and mobile apps for iOS and Android) that connects EV owners (hosts) with renters who need vehicles for rideshare, delivery, or personal use. Supporting this core platform are several modules and features: the Host Dashboard for managing listings and earnings; the Protection Plan providing liability and physical damage coverage through Hartford; Supercharging Invoice Automation (developed with Standard Fleet) for fleet management; Automated Tesla Access for contactless vehicle handoff; and the Tinker Virtual Inspection Integration for vehicle condition verification. The company also operates vertical-specific portals including BHPH (buy-here-pay-here), Dealerships, Vision, Hotels, and Micromobility, suggesting potential expansion beyond personal EV sharing.
Differentiator
Problem solved
Functional benefit
Products and services
- ZEVO Peer-to-Peer EV Sharing Platform World's first peer-to-peer electric vehicle sharing platform connecting individual EV owners (hosts) with renters, especially gig economy drivers, for flexible weekly and long-term rentals.
- ZEVO iOS Mobile App Mobile application for iOS that enables users to discover, book, and unlock EVs for contactless rental, manage trips, and access host features.
- ZEVO Web Platform Browser-based platform for discovering available EVs, viewing pricing, booking reservations, and managing trips without a mobile app installation.
- ZEVO Host Dashboard Host-facing portal that enables EV owners to list vehicles, set pricing and availability, manage bookings, view earnings and payouts, and coordinate guest handoffs across both Self-Managed and Concierge host models.
- ZEVO Protection Plan Vehicle protection plan providing third-party automobile liability coverage through Hartford (Surplus Lines) and physical damage coverage with a $2,500 deductible, collected as an administrative fee per booking to fund third-party premiums.
Quantifiable outcome
- Gig workers save $3,000-$5,000 per year on fuel alone compared to gas-powered vehicles (~$110/week Supercharging vs. ~$168/week gas at 1,200 miles/week)
- +4 more outcomes
Companies that use Zevo
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Zevo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature5 records
Zevo partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and flagship.
- TinkercoreTinker, an autotech platform based in Los Angeles, launched Tinker Mobility Solutions providing customizable virtual inspections, diagnostics, and condition reporting for fleet operators, insurance providers, and mobility platforms. Zevo is the first major partner to embed Tinker's on-demand virtual inspection technology into its operations. ASE-certified mechanics conduct virtual inspections, providing contactless vehicle verification while improving fleet uptime and reducing operational risk for Zevo's sharing platform.
- Faraday FutureflagshipZevo signed a deposit agreement for 1,000 units of the FX Super One (including both binding deposits and non-binding pre-orders), representing a significant expansion of Faraday Future's B2B2C sales model into Texas, the second-largest EV market in the US. Faraday Future also delivered an FF 91 2.0 Futurist Alliance vehicle to Zevo CEO Hebron Sher (December 22, 2025, with official delivery ceremony in January 2026). The companies are exploring broader strategic collaboration in the EV sharing economy and integration of Web2-Web3 technologies aligned with Faraday Future's shared intelligent mobility ecosystem vision.
- TensorflagshipZevo partnered with Tensor to deploy up to 100 autonomous vehicles into its decentralized peer-to-peer EV/AV sharing platform. Tensor, which emerged from AutoX and aims to sell fully autonomous cars by 2026, seeks to demonstrate scale and reliability amid regulatory approval processes. The partnership enables Zevo customers to borrow Tensor's autonomous vehicles, supporting a decentralized robotaxi service concept and positioning Zevo as the world's first decentralized peer-to-peer AV/EV sharing network.
- Standard FleetcorePartnership between Zevo and Standard Fleet, a fleet management startup, to address significant pain points in the EV sharing landscape. Jointly introduced Supercharging Invoice automation (streamlining tracking, calculating, and invoicing of Supercharging expenses) and automated Tesla guest app access via the Companion app (scheduling, sharing, revocation, and management of EV guest app access directly in the Zevo app). Both features enhance user experience and enable truly contactless rentals.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Zevo competitors and assessment
Company assessmentDirect peers
- Getaround: P2P car-sharing platform with connected-car technology enabling contactless vehicle access. Operates a similar asset-light host-supplied model with hourly/daily bookings, directly comparable to ZEVO's contactless handoff architecture.
- Hyrecar: Peer-to-peer car-sharing marketplace explicitly targeting rideshare and gig-economy drivers. Hyrecar is the closest direct competitor in both business model (P2P, no fleet ownership) and customer segment (Uber/Lyft/delivery renters on weekly or monthly rentals).
- Turo: Largest peer-to-peer car-sharing platform in North America, connecting individual vehicle owners with renters. Turo is a direct competitor on the marketplace mechanics (hosts listing vehicles, platform take-rate, contactless handoffs) but skews toward leisure rather than gig-economy renters.
Emerging players
- Kyte: Delivery-based car rental startup that brings the vehicle to the renter. Shares ZEVO's contactless, mobile-first orientation and gig-worker-friendly access pattern, but operates a fleet model rather than P2P.
- Splend: Subscription-based EV provider focused on rideshare drivers (originally Australia, expanding globally). Targets the same Uber/Lyft customer base with longer-term vehicle access, competing for the gig-driver wallet.
- Uber Carshare: Uber's P2P car-sharing service, currently limited to specific markets. Functions as both a potential competitor (leveraging Uber's rider/driver network) and a potential channel partner for ZEVO's gig-economy renters.
Broad incumbents
- Avis Budget Group: Major rental incumbent expanding its EV fleet and digital booking capabilities. Provides a traditional, fleet-owned counterpoint to ZEVO's marketplace model for gig workers and short-duration renters.
- Hertz: Global rental incumbent with a publicly disclosed large-scale EV fleet purchase (Polestar, Tesla). Hertz competes in the same end-customer segment on a traditional ownership model and represents the institutional alternative to P2P marketplaces.
- Sixt: European-headquartered rental and mobility company with significant EV fleet investments and growing U.S. presence. Represents an incumbent benchmark for fleet economics and a competitive threat as it scales EV supply.
- Free2Move (Stellantis): Stellantis-owned mobility brand combining short-term rental, carsharing, and subscription services across multiple markets. Offers overlapping functionality (free-floating car sharing, multi-day rentals) with backing from a global OEM's fleet.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Zevo social profiles
Digital presenceZevo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zevo leadership team
Management profileNumber of profiles
Profiles14 records
Zevo funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zevo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Zevo
What does Zevo do?
Zevo operates a two-sided, fully contactless peer-to-peer marketplace that allows individual electric vehicle (EV) owners (hosts) to list and rent their vehicles—primarily Teslas—to renters, especially gig economy drivers, on a weekly or long-term basis. The platform handles booking, identity verification, smartphone-based vehicle unlock, telematics, charging reconciliation, host payouts, and protection plan administration, taking a 25–40% commission per rental transaction.
Is Zevo a public or private company?
Zevo is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Zevo founded?
Zevo was founded in 2024. It employs 51 to 100 people.
Where is Zevo based?
Zevo is headquartered in Dallas, United States, in the North America region.
How does Zevo make money?
Five revenue lines are on record. Peer-to-Peer Transaction Commission is the primary driver. The others are platform Fees (Host Deductions), protection Plan Collection, supercharging Processing Fee and charge Key Daily Payment Premium.
Who are Zevo's main competitors?
Direct peers on record are Getaround, Hyrecar and Turo. Emerging players are Kyte, Splend and Uber Carshare. Broad incumbents are Avis Budget Group, Hertz, Sixt and Free2Move (Stellantis).
Does Zevo have an API?
No public API is recorded for Zevo.
What industry is Zevo in?
Zevo's product category is Peer-to-Peer EV Rental Marketplace. Its primary akta.pro industry code is THADANAC, Peer-to-Peer (P2P) EV Rentals, with a secondary code of THADABAB, P2P Car Sharing for Hosts (Owner Supply & Management Tools). Its NAICS code is 532111 and its SIC code is 7510.