About Whizz EV
Whizz EV is a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2023 by Deevik Garg. Electric vehicles are supplied for last-mile delivery operations. Whizz EV has raised $35.28 thousand across 2 funding rounds from investors including Startup India and AIC-RNTU. The company has 32 employees. Its Indian entity Whizz Ev Mobility Private Limited reported revenue of ₹2.52 Cr. Whizz EV offers products and services including EV Rental Service and Trained Riders Service. Its focus areas include Consumer, Logistics Tech, Parcel and Electric Delivery Vehicles. Its competitors include ETO Motors, ZEVO India and Fullfily; 3 of its 3 listed competitors have raised funding.
Company details
Whizz EV was founded in 2023 in Delhi, India, within the electric mobility sector. Transportation solutions are offered to e-commerce and last-mile delivery businesses through electric two-wheelers. Sustainable options for delivery operations are emphasized, including rental services for full-time and part-time riders partnered with delivery firms. Operations focus on urban logistics in India.
- Headquarters Delhi, India
- Employees 32
- Founders Deevik Garg
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website whizzev.in
- Social LinkedIn
- Legal Name Whizz Ev Mobility Private Limited
- Date of Incorporation 23 Mar, 2023
- Jurisdiction Delhi, India
- Annual Revenue₹2.52 Cr
FY 2024
- Net Loss-₹91.6 Lakh
FY 2024 · -36% margin
- EBITDA-₹81.9 Lakh
FY 2024 · -33% margin
- Total Equity Funding$35.28K (USD)
in 2 rounds
- Latest Funding Round$35.1K (USD), Grant
Dec 2024
- InvestorsStartup India
& 1 more
- Employee Count32
Associated legal entities of Whizz EV
Whizz EV operates through Whizz Ev Mobility 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 |
|---|---|---|---|---|---|---|---|
| Whizz Ev Mobility Private Limited CIN U52219DL2023PTC411490 | Active | 23 Mar 2023 | Delhi, Delhi | ₹2.5 Cr | 29 | 2 | View details |
Products & Services of Whizz EV
Whizz EV offers a comprehensive portfolio of products and services, including EV Rental Service and Trained Riders Service.
Offers electric two-wheelers for last-mile delivery operations.
Provides skilled riders with flexible rental options for businesses.
Funding Insights of Whizz EV
Whizz EV has successfully raised a total of $35.28K across 2 strategic funding rounds. The most recent funding activity was a Grant round of $35.1 thousand completed in December 2024. 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 $35,282
- Total Rounds 2
- Last Round Grant — $35,099
- First Round $35,282
(Dec 2024)
- Investors Count 2
All 2 funding rounds of Whizz EV 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 |
|---|---|---|---|---|---|
| Dec 2024 | $35,099 | Grant | – | – | |
| Dec 2024 | $35,282 | Seed | – | AIC-RNTU | – |
2 investors in total: 2 institutional.
Investors in Whizz EV
Whizz EV has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Startup India and AIC-RNTU.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| aicrntu.com | ||||
Recognition, funding, and resources are provided to Indian startups. | 2016 | startupindia.gov.in | Delhi, India |
Investor details for Whizz EV
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 Whizz Ev Mobility Private Limited (Whizz EV)
Whizz Ev Mobility Private Limited is the primary company behind Whizz EV. The board of Whizz Ev Mobility Private Limited currently have 2 directors; the longest-serving is Deevik Garg, appointed in 2023.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deevik Garg DIN 00029357 | Director | 23 Mar 2023 | 3 yrs 7 mo | Whizz Ev Mobility Private Limited |
| Ram Bilas DIN 00525231 | Director | 23 Mar 2023 | 3 yrs 7 mo | Whizz Ev Mobility Private Limited |
People of Whizz EV
1 people are tracked at Whizz EV (1 in leadership); the tracked headcount is 32.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Whizz EV
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 Whizz EV
Figures of Whizz Ev Mobility Private Limited, the primary company behind Whizz EV, for FY 2024. Revenue was ₹2.52 Cr. Net loss was -₹91.6 Lakh (-36% margin). EBITDA was -₹81.9 Lakh (-33% margin).
- ₹2.52 CrRevenue · FY 2024
- -₹91.6 LakhNet loss · -36% margin
- -₹81.9 LakhEBITDA · -33% margin
- ₹1 LakhPaid-up capital
- 29Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Whizz Ev Mobility Private Limited are on its company page.
Detailed financial statements for Whizz EV
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 Whizz EV
3 dated milestones of Whizz EV across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Whizz EV is founded.
- Funding First funding round of $35K.
- Funding Latest funding round, Grant, of $35K.
Competitors of Whizz EV
Whizz EV has 3 listed competitors in our database, 3 of them funded. They include ETO Motors, ZEVO India and Fullfily.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| etomotors.com | 2018 | Hyderabad, India | $15.2M | 109 | Online platform offering electric vehicles and fleet management solutions | |
| zevoindia.in | 2022 | Delhi, India | $3.2M | 82 | End-to-end EV supply chain solutions are delivered via a platform. | |
| fullfily.com | 2021 | Chennai, India | $1.78M | 79 | Electric delivery vehicles are rented via an online platform. |
Detailed competitors of Whizz EV
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Whizz EV (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.37 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Frequently Asked Questions about Whizz EV
Whizz EV was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Whizz EV is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Whizz EV is a funded company, having raised a total of $35.28K across 2 funding rounds to date. The company's 1st funding round was a Seed of $35.28K, raised on Dec 2024.
Whizz EV has 32 employees.
The primary company behind Whizz EV, Whizz Ev Mobility Private Limited, reported revenue of ₹2.52 Cr for FY 2024.
Whizz EV was founded in 2023 in Delhi, India, within the electric mobility sector. Transportation solutions are offered to e-commerce and last-mile delivery businesses through electric two-wheelers. Sustainable options for delivery operations are emphasized, including rental services for full-time and part-time riders partnered with delivery firms. Operations focus on urban logistics in India.
Whizz EV's top competitors include ETO Motors, ZEVO India and Fullfily.
Whizz EV offers EV Rental Service and Trained Riders Service.
Whizz EV has 2 investors. Key investors include Startup India, and AIC-RNTU.
Whizz EV operates through Whizz Ev Mobility Private Limited.
The legal entities of Whizz EV currently have 2 directors, including Deevik Garg, Ram Bilas.