About TriEV
TriEV is a company based in Varanasi (India) founded in 2022 by Vaibhav Sharma and Gagan Saxena. TriEV has raised $21.64 thousand across 1 funding round from investors including Parul Srivastava. The company has 1 employees. TriEV offers products and services including EV Subscription Plans and EV on Rent. TriEV operates in a competitive market with competitors including Baaz, Trueno, VA-YU, eleRide and ionplus, among others.
- Headquarter Varanasi, India
- Employees 1
- Founders Vaibhav Sharma, Gagan Saxena
- SectorsTransportation, Automotive & Logistics
- Website triev.in
- Social LinkedIn Facebook
- Legal Name Nisarga Eco Products Private Limited
- Date of Incorporation 22 Oct, 2020
- Jurisdiction Delhi, India
- Annual Revenue₹33.4 Lakh
FY 2024
- Net Loss-₹17.4 Lakh
FY 2024 · -52% margin
- EBITDA-₹16.9 Lakh
FY 2024 · -51% margin
- Total Equity Funding$21.64K (USD)
in 1 rounds
- Latest Funding Round$21.64K (USD), Angel Round
Aug 2023
- Employee Count1
Associated legal entities of TriEV
TriEV operates through Nisarga Eco Products Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nisarga Eco Products Private Limited CIN U77100DL2020PTC371991 | Active | 22 Oct 2020 | Delhi, Delhi | ₹0.3 Cr | – | 2 | View details |
Products & Services of TriEV
TriEV offers a comprehensive portfolio of products and services, including EV Subscription Plans and EV on Rent.
Subscription service for electric vehicles to cut fuel costs and emissions.
Rental of electric vehicles for personal and corporate green travel needs.
Funding Insights of TriEV
TriEV has successfully raised a total of $21.64K through 1 strategic funding round. The most recent funding activity was a Angel Round of $21.64 thousand completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $21,638
- Total Rounds 1
- Last Round Angel Round — $21,638
- First Round $21,638
(Aug 2023)
- Investors Count 1
All 1 funding rounds of TriEV with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2023 | $21,638 | Angel Round | – | Parul Srivastava | – |
1 investors in total: 0 institutional and 1 angel.
Investors in TriEV
TriEV has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Parul Srivastava.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PS Parul Srivastava | - | – | unknown_a48b6b416b5e4b91b | - |
Investor details for TriEV
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Nisarga Eco Products Private Limited (TriEV)
Nisarga Eco Products Private Limited is the primary company behind TriEV. The board of Nisarga Eco Products Private Limited currently have 2 directors; the longest-serving is Gagan Saxena, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gagan Saxena DIN 02296124 | Director | 01 Sep 2022 | 4 yrs 1 mo | Nisarga Eco Products Private Limited |
| Vaibhav Sharma DIN 10124505 | Director | 21 Feb 2023 | 3 yrs 7 mo | Nisarga Eco Products Private Limited |
People of TriEV
2 people are tracked at TriEV (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for TriEV
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of TriEV
Figures of Nisarga Eco Products Private Limited, the primary company behind TriEV, for FY 2024. Revenue was ₹33.4 Lakh. Net loss was -₹17.4 Lakh (-52% margin). EBITDA was -₹16.9 Lakh (-51% margin).
- ₹33.4 LakhRevenue · FY 2024
- -₹17.4 LakhNet loss · -52% margin
- -₹16.9 LakhEBITDA · -51% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Nisarga Eco Products Private Limited are on its company page.
Detailed financial statements for TriEV
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of TriEV
2 dated milestones of TriEV across 1 years, from founding to its latest funding, stage changes and deals.
- Founded TriEV is founded.
- Funding First funding round of $22K.
Competitors of TriEV
TriEV operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Baaz, Trueno, VA-YU, eleRide and ionplus, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| baaz.bike | 2019 | Delhi, India | $10.89M | 317 | Platform offering electric scooters for deliveries | |
| gotrueno.com | 2020 | Mumbai, India | $89,066 | – | Electric scooter subscriptions are offered through an app-based platform. | |
| va-yu.com | 2019 | Delhi, India | – | – | Operates an online platform for e-scooter rentals, providing convenient urban mobility solutions. | |
| eleride.com | 2021 | Pune, India | – | – | Provides electric vehicle rentals and subscriptions for individuals and businesses. | |
| ionplus.in | 2022 | Ahmedabad, India | – | – | Operates an app-based platform for electric scooter rentals. | |
| ev4all.in | 2020 | Noida, India | – | – | An online platform for subscription-based electric two-wheeler rentals. |
Detailed competitors of TriEV
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Similar companies to TriEV
10 companies that operate in the same segment as TriEV (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.15 M | USD 391.37 M | 1,620 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 1,247 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – | |
Autonomous aerial vehicles are provided for consumer and commercial uses. | 2014 | Guangzhou, Guangdong, China | USD 94 M | USD 58.15 M | 483 |
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Frequently Asked Questions about TriEV
TriEV was founded in 2022 and raised its 1st funding round 1 year after it was founded.
TriEV is headquartered in Varanasi, India. It is registered at Varanasi, Uttar Pradesh, India.
TriEV is a funded company, having raised a total of $21.64K across 1 funding round to date. The company's 1st funding round was a Angel Round of $21.64K, raised on Aug 2023.
TriEV has 1 employees.
The primary company behind TriEV, Nisarga Eco Products Private Limited, reported revenue of ₹33.4 Lakh for FY 2024.
Electric vehicle subscription platform. Users can rent vehicles through the platform by providing location, user details, payment details, preferred plans, and more.
TriEV offers EV Subscription Plans and EV on Rent.
TriEV has 1 investor. Key investors include Parul Srivastava.
TriEV operates through Nisarga Eco Products Private Limited.
The legal entities of TriEV currently have 2 directors, including Vaibhav Sharma, Gagan Saxena.