Name

Weeve (formerly Louelec)

Legal name

Weeve

Website

https://weeve.ca

Company type

Private

Operating status

Operating

Ownership category

akta.pro rank

Product category

Electric Vehicle Rental / EV Subscription Services

NAICS

Passenger Car Rental (532111), Passenger Car Rental and Leasing (53211)

SIC

Services-Auto Rental & Leasing (No Drivers) (7510)

akta.pro primary industry

EV Ride-Hailing / Chauffeur Services (EV-Only Fleets) (THADANAG)

Keywords

• Electric vehicle rental
• EV subscription services
• Ride-hailing rentals
• Fleet management services
• Car sharing solutions

Headquarters

HQ city

Mont-royal

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Weekly EV Rental Subscriptions: Weekly subscription-based rental of electric and hybrid vehicles for Uber/Lyft drivers. Includes three tiers (Basic/Plus/Platinum) with varying coverage levels. Fees are billed weekly and paid in advance. Minimum commitment varies from 2 weeks (Prepaid Flex) to 3 months (Basic).
2. Add-on Services and Options: Additional revenue from optional add-ons including Plus package ($50/week), Platinum package ($90/week), windshield insurance ($20/week), no-deductible insurance ($50/week), no-branding option ($50/week), and EZ-Own option ($100/week).
3. Commercial Fleet Subscriptions: Subscription-based electric fleet solutions for Canadian businesses looking to convert their vehicle fleet to electric with flexible terms, real-time monitoring, and all-inclusive service.
4. Rent-to-Own Program: Flexible pathway to vehicle ownership with minimum 6-month commitment. Drivers can eventually own the car with no financing required through ongoing rental payments.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Weeve provides subscription-based weekly electric vehicle rentals designed primarily for ride-hailing (Uber and Lyft) drivers in Canada, with an all-inclusive model covering unlimited mileage, insurance, maintenance, winter-approved tires, roadside assistance, and replacement vehicles. The offering spans nine EV and hybrid models (Polestar 2, Tesla Model 3, Chevrolet Equinox EV, Hyundai Kona EV, Chevrolet Bolt EV/EUV, Kia Niro EV, Ford Mustang Mach-E, Kia Niro Hybrid) across three pricing tiers (Basic, Plus, Platinum), plus commercial EV fleet subscriptions and a separate car-sharing entity (Avigo).

Product overview

Weeve (formerly Louelec) operates as a subscription-based electric vehicle rental company serving Uber and Lyft drivers across Canada. The core offering comprises nine distinct EV models (Polestar 2, Tesla Model 3, Chevrolet Equinox EV, Hyundai Kona EV, Chevrolet Bolt EV, Chevrolet Bolt EUV, Kia Niro EV, Ford Mustang Mach-E, Kia Niro Hybrid) available through three pricing tiers (Basic, Plus, Platinum). Additional modules include Rent-to-Own, Prepaid Flex short-term rental, Option Plus/Platinum add-ons, and specialty coverages (windshield, no-deductible). The company expanded into Commercial Fleet services for businesses and spun off its car sharing operations into Avigo. A Responsible Driving Program rewards safe drivers. Services operate in Montreal, Ottawa, Toronto, and Vancouver with all-inclusive features covering insurance, maintenance, tires, and roadside assistance.

Differentiator

Problem solved

Functional benefit

Brands

• Avigo: A dedicated entity for residential and commercial car sharing, supporting real estate developers, building managers, car dealerships, and businesses. Weeve evolved its car sharing activity into Avigo to better structure and grow the offering.

Products and services

• Polestar 2 EV Rental Premium electric liftback with 400 km range, 150 kW maximum charging power, and approximately 38-minute recharge time (20-80%), offered through Weeve's ride-hailing subscription service for professional drivers on Uber and Lyft.
• Tesla Model 3 EV Rental Mid-size electric sedan with advanced technology, 370 km range, and 170-250 kW maximum charging power, available through Weeve's weekly EV subscription for ride-hailing drivers; 25-35 minute recharge to 80%.
• Chevrolet Equinox EV Rental Compact crossover electric SUV with extended 500 km range and premium comfort, offered in Basic ($479/week), Plus ($529/week), and Platinum ($569/week) packages; client rating 9.8/10.
• Hyundai Kona EV Rental Subcompact electric crossover SUV offering urban efficiency at lower cost, with 100 kW maximum charging and 40-54 minute recharge; available in Electric ($429/week) and Comfort Electric ($519/week) tiers; client rating 9.3/10.
• Chevrolet Bolt EV Rental Urban-sized electric hatchback with 300 km range and 55 kW charging; the most affordable option at $299/week (Basic), $349/week (Plus), $389/week (Platinum); client rating 8.5/10.
• Chevrolet Bolt EUV Rental Expanded-space version of the Bolt with 340 km range, offering more interior room for passengers while maintaining urban range; client rating 8.7/10.
• Kia Niro EV Rental Balanced electric SUV combining range and comfort for ride-hailing use, with 72 kW maximum charging power and approximately 53 minute recharge (20-80%); client rating 9.5/10.
• Ford Mustang Mach-E Rental Bold design electric SUV with 420 km range, available in Premier ($599/week) and Premium ($639/week) tiers; client rating 9.0/10.
• Kia Niro Hybrid Rental Efficient hybrid vehicle with 800 km range that does not require recharging; available for Uber X and Uber Comfort tiers; client rating 9.9/10.
• Commercial Fleet Service Subscription-based electric fleet solution for Canadian businesses looking to convert their fleet to electric, including needs definition analysis, vehicle selection and ordering, delivery with training, real-time monitoring, and all-inclusive service.
• Avigo (Private Car Sharing) Wholly-owned sub-brand providing electric vehicle car sharing integrated into residential and commercial real estate projects (buildings, communities, developers, building managers, dealerships, and businesses), with full-service operations, billing, and maintenance.

Quantifiable outcome

• Average income of $1,600/week for Uber drivers using Weeve vehicles
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature2 records

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Turo: Peer-to-peer car rental marketplace operating in Canada and the US. Competes for short-to-medium-term vehicle access demand and represents an alternative supply model for drivers considering ownership alternatives.
• Getaround: Peer-to-peer car-sharing platform with connected-car technology, operating in North America. Adjacent competitor for flexible short-term vehicle access, particularly for urban drivers.
• UFODRIVE: European all-electric rental and subscription platform with digital-first booking. Comparable in being an EV-only rental specialist targeting premium and corporate customers with subscription-style access.

Broad incumbents

• Hertz Global Holdings: Global rental giant that has committed to one of the largest EV fleets in the world and is piloting EV subscription programs. Competes with Weeve for ride-hail and consumer EV rentals, with materially greater fleet financing and airport distribution.
• Avis Budget Group: Major global car rental company actively expanding electric vehicle rentals and subscription offerings. Overlaps with Weeve in commercial fleet electrification and EV consumer rentals.
• Sixt: European-headquartered rental and mobility company expanding EV subscriptions (SIXT Ride, SIXT Share) globally. Comparable subscription-style vehicle access targeting both consumer and ride-hail-adjacent demand.
• Enterprise Mobility: Largest North American rental operator with Enterprise, National, and Alamo brands. Has been scaling its EV fleet and subscription-style long-term rentals, representing a scaled incumbent threat to Weeve's subscription positioning.

Direct peers

• Avigo (Weeve subsidiary): Weeve's own spin-off focused on residential and commercial EV car-sharing for real estate developers and building managers. Related entity serving a parallel customer base within the same parent.
• Hyrecar: US-based marketplace and rental platform that provides vehicles specifically to rideshare (Uber/Lyft) drivers. Direct competitor to Weeve's core driver-subscription model with the same target customer persona and weekly rental structure.

Others

• Uber (Vehicle Marketplace / Uber Comfort): Platform partner for Weeve's drivers via Uber's rental consent flow, but also a potential competitor through Uber's own vehicle solutions and EV driver incentives. Strategic relationship that could shift into a competing supply relationship.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/weeve.ca
• LinkedInca.linkedin.com/company/weeve-ca
• Instagraminstagram.com/weeve.ca

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Weeve (formerly Louelec)