EV91 - Building India’s EV-Powered Delivery Backbone

Walk into India’s fastest-growing cities today, and you’ll notice a silent but powerful shift. Every order you place, groceries, food, or essentials, depends on a massive, fragmented last-mile delivery ecosystem struggling with rising fuel costs, low rider retention, and inefficient fleet operations. At the same time, India is witnessing an unprecedented surge in e-commerce, quick commerce, and mobility demand. What’s missing is a scalable, sustainable, and rider-first logistics infrastructure built for this new economy.

This is exactly where EV91 comes in.

EV91 is building a new-age electric mobility and last-mile logistics platform, combining EV infrastructure, trained riders, and intelligent fleet management to power India’s delivery backbone. Founded with a vision to electrify and optimise last-mile logistics, EV91 is not just deploying EVs; it is building an integrated EV ecosystem designed for scale, efficiency, and sustainability. Positioned at the intersection of EV adoption, gig economy expansion, and logistics demand, EV91 is creating a category-defining play in India’s mobility ecosystem.

What makes EV91 particularly compelling is its integrated, execution-first model.

Unlike fragmented operators, EV91 combines:

• EV rentals + rider supply + fleet operations under one platform

• Tech-enabled dashboards for inventory, charging, and IoT tracking.

• Micro hubs, mother hubs, and swapping infrastructure ensure high uptime.

This is not just a fleet provider; this is a full-stack logistics engine.

The differentiation lies in deep partnerships and utilisation-driven growth.

EV91 has built strong enterprise validation with marquee clients:

• Zepto, Blinkit, BigBasket, Flipkart, Amazon, Rapido

Most notably, its strategic partnership with Rapido unlocks a multi-dimensional opportunity across:

• Last-mile delivery

• Food logistics

• Bike-taxi mobility

This single partnership alone has the potential to scale into a ₹100 Cr+ annual revenue opportunity, driven by higher fleet utilisation and diversified demand streams.

The traction reflects strong execution and operating leverage.

• ₹23 Cr revenue in FY24–25

• ~₹65 Cr+ projected revenue for FY25–26 with positive EBITDA

• 40.1 lakh+ orders delivered

• 14× revenue growth and 6× order growth YoY

• Average monthly revenue of ₹5.5–6 Cr+

The growth trajectory is further supported by expanding fleet deployment.

From early scale to strong financial visibility, EV91 is demonstrating clear breakout signals.

And importantly, this is a massive and accelerating market opportunity.

• India’s last-mile and quick commerce ecosystem is scaling rapidly

• Q-commerce alone is projected to grow at ~40% CAGR through 2030.

• EV adoption is being driven by government mandates, cost efficiency, and sustainability goals. 

Yet, the market still lacks a fully integrated EV-first logistics platform.

Why This Matters Now?

This is not just a logistics company; it is a structural shift towards EV-powered delivery infrastructure:

• Rising fuel costs are making EVs economically superior

• Strong policy push for electrification

• 40% lower last-mile costs with EV fleets.

• High rider retention (~95%) is driven by better earnings and reliability.

EV91 is not competing with traditional logistics players; it is redefining how last-mile delivery operates in India.

And now, the company is entering its next phase of growth.

EV91 is focused on:

• Scaling EV fleet deployment across cities

• Deepening enterprise partnerships

• Expanding into new mobility and logistics use cases

• Building a full-stack platform for gig and blue-collar workers

With a long-term vision to impact 1 million lives by 2030, this is both a high-growth and high-impact opportunity.

We are inviting a select group of investors to participate in EV91’s growth journey and be part of building India’s next-generation EV logistics platform.

If this aligns with your investment thesis, we would be happy to share further details and schedule a discussion with the founding team.

Are you ready to invest in the infrastructure powering India’s delivery economy?