Driveo Electric Mobility Pvt Ltd

What Driveo Electric Mobility Pvt Ltd does

Driveo Electric Mobility Pvt Ltd is an India-based B2B electric vehicle leasing company founded in 2022 and headquartered in New Delhi, with a secondary presence in Mumbai. The company targets commercial fleet operators — including cab/ride-hailing services, logistics providers, and delivery fleets — offering flexible lease plans for 3-wheeler and 4-wheeler electric vehicles with zero upfront cost and zero asset risk to the customer. Its core product bundle combines EV leasing with an integrated fleet management technology layer, charging and parking infrastructure access, and an all-inclusive service package covering vehicle acquisition, operations, maintenance, and end-of-contract resale management. The company sources vehicles through collaborations with unnamed top-tier 3W/4W EV manufacturers and operates a sales-led, direct enterprise go-to-market model, engaging customers through a four-step process from enquiry to vehicle delivery and ongoing support. Revenue is generated primarily through recurring monthly lease payments, with pricing quoted on a custom basis rather than published tiers.

The business is small and early-stage: the company has approximately 12 employees, no disclosed funding rounds, no public revenue figures, and only one publicly named customer (Cab-eez Infra Tech Pvt Ltd). The founding leadership comprises Vikas Jain (CEO), Abhishek Sikka (CPTO), and Samira Mathews (Founding Member). The company has positioned itself within India's projected $150 billion EV market by 2030 and has stated a vision of supporting 50,000 electric vehicles within five years — a forward-looking target rather than current operational scale. No AI/ML capabilities, patents, awards, or regulatory actions are documented in the available sources.

Name

Driveo Electric Mobility Pvt Ltd

Legal name

Driveo Electric Mobility Private Limited

Website

https://driveo.in

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Driveo Electric Mobility is a New Delhi–based B2B electric vehicle leasing company founded in 2022 that offers 3-wheeler and 4-wheeler EVs to commercial fleet operators in India through zero-upfront-cost, all-inclusive lease contracts with integrated fleet management and charging support.

Ownership category

akta.pro rank

Product category

Electric Vehicle Leasing

NAICS

Passenger Car Leasing (532112), Passenger Car Rental (532111), Automotive Equipment Rental and Leasing (5321)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510), Finance Lessors (6172)

akta.pro primary industry

Passenger Vehicle Leasing & Long-Term Rental (Cars/SUVs) (TLABAHAA)

akta.pro secondary industries

EV Fleet Leasing & Fleet Management (EV-Focused) (THADANAI), Fleet Management Services (Lifecycle, Compliance, Safety, Driver Programs) (TLABAHAJ), SME & Small Business Vehicle Leasing (TLABAAAB)

Keywords

• Electric vehicle leasing
• Fleet electrification
• Commercial EV leasing
• B2B mobility leasing
• Zero upfront leasing

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Electric Vehicle Leasing: Driveo generates revenue through leasing electric vehicles to B2B customers. The model involves zero upfront cost for customers, with recurring lease payments. Services include vehicle acquisition, all-inclusive maintenance, charging infrastructure, and end-of-contract resale management. Revenue is generated through monthly/periodic lease payments over contract terms, with the company bearing asset risk and managing vehicle lifecycle.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Driveo provides B2B electric vehicle leasing for commercial fleet operators, covering 3-wheeler and 4-wheeler EVs with zero upfront cost. The lease bundle includes fleet management technology, maintenance, charging and parking infrastructure access, and end-of-contract resale management. Customers pay recurring lease payments while Driveo retains vehicle asset risk.

Product overview

Driveo Electric Mobility operates as a B2B EV leasing platform offering a unified solution that combines electric vehicle leasing with integrated technology and service offerings. The core product is the Electric Vehicle Leasing service, supported by Fleet Management Tech for operational oversight, Charging & Parking infrastructure access, and an All-Inclusive Service Package covering acquisition, maintenance, and resale. The company collaborates with top-tier 3-wheeler and 4-wheeler EV manufacturers to provide businesses with flexible leasing solutions without upfront capital requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Vehicle Leasing B2B leasing of 3-wheeler and 4-wheeler electric vehicles on flexible plans with zero upfront cost, enabling commercial fleet operators to add EVs without capital expenditure or asset ownership risk. Includes recurring monthly lease payments over a contracted term.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Top-tier 3-wheeler/4-wheeler EV ManufacturerscoreOthersDriveo collaborates with top-tier electric vehicle manufacturers for 3-wheelers and 4-wheelers to source vehicles for their leasing fleet. Specific manufacturer names are not disclosed on the website. This partnership enables Driveo to offer a range of EV options to their B2B customers and provides manufacturers with a channel partner for fleet sales.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• SmartE: Indian electric last-mile mobility operator for metro commuters. Comparable EV commercial fleet model in dense urban Indian markets.
• BluSmart Mobility: Indian EV ride-hailing and charging operator. Adjacent peer addressing the same urban commercial EV opportunity and operating own fleet, partially overlapping with Driveo's cab/logistics customer base.
• Euler Motors: Indian commercial EV OEM with growing financing and leasing partnerships for its 3W vehicles. Adjacent peer that intersects with Driveo on the commercial EV fleet value chain.

Direct peers

• Zypp Electric: India-based EV-as-a-service platform for last-mile delivery fleets, providing electric vehicles on subscription/lease. Direct comparable in B2B EV fleet leasing for commercial delivery and logistics operators.
• Yulu: B2B-focused EV mobility and leasing operator in India for last-mile commercial fleets. Most directly comparable to Driveo on target customer (commercial fleet operators), vehicle class (light EVs), and lease/subscription model.
• Lithium Urban Technologies: Corporate EV mobility services in India, operating electric fleets for enterprise clients under managed contracts. Comparable B2B fleet electrification value proposition and all-inclusive service bundling.
• Magenta Mobility: India-based provider of electric commercial vehicles and charging infrastructure to logistics and e-commerce operators. Comparable in EV fleet solutions for B2B cargo/people transport.
• Bounce Infinity: Indian EV leasing and battery-swap platform serving consumers and commercial riders. Comparable business model (EV leasing) and customer overlap with Driveo in Indian urban mobility.
• SUN Mobility: Provider of battery swapping and EV energy infrastructure that effectively leases energy/asset usage to commercial EV operators. Overlaps with Driveo on EV leasing economics for B2B fleets in India.

Regional players

• Revamp Moto: India-focused electric 2W/3W maker offering leasing/subscription programs for commercial users. Comparable regional peer in Indian light commercial EV leasing.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/driveo-electric-mobility-pvt-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Driveo Electric Mobility Pvt Ltd