Milo Drive
Provides EV subscription services to make electric vehicle ownership affordable and easy.
Founding year
2024
Sector
EV Subscription, Electric Mobility
Investing round
Pre-Seed (October 2024)
Nishchay Chadha
Co-Founder
Founder & CEO
Founder & CEO
About
Milo Mobility is a Gurgaon-based startup offering electric vehicle (EV) fleet services tailored for ride-hailing platforms and employee transportation. The company’s model centers on operational efficiency, tech-driven asset management, and delivering premium driver and customer experiences. By integrating AI, IoT, and real-time data into its fleet operations, Milo aims to extend asset life, reduce vehicle downtime, and enable predictive maintenance. The founding team brings deep expertise from BluSmart and government tech initiatives, giving Milo a sharp execution edge in this rapidly evolving EV ecosystem.
Why We Invested?
Milo is entering the EV fleet segment at a critical inflection point: where rising demand, favorable unit economics, and a clear regulatory push are converging. Traditional ride-hailing models are breaking down due to inconsistent driver-partner experiences, while EV ownership remains a barrier for individuals. Milo addresses this gap with a managed EV fleet backed by intelligent operations. With strong proof of concept, experienced leadership, and early commitments from leading institutional investors, we believe Milo is well-positioned to scale efficiently and emerge as a differentiated, tech-first EV mobility player.
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