Milo Drive’s $2.4 Million Raise Signals Strong EV Investor Confidence

India's electric mobility journey is picking up speed, and startups building the technology behind this transformation are beginning to attract serious investor attention. The latest to join that list is Milo Drive, which has raised $2.4 million in seed funding to expand its electric mobility platform and accelerate growth.

Founded by Monil Jayeshkumar Khatri and Vishal Jewrajka, Milo Drive is building a technology-first operating system for India's EV ride-hailing ecosystem. Instead of focusing only on electric vehicles, the startup connects drivers, fleet operators, and mobility businesses through a single platform that brings together vehicle access, charging support, demand aggregation, fleet management, and intelligent automation.

The fresh capital will be used to strengthen the company's technology platform, scale its network of drivers and fleet partners, and improve operational efficiency across its ecosystem. Since its launch, Milo Drive says it has already powered more than one million rides, reflecting the growing demand for technology-driven EV solutions.

What makes the startup stand out is its focus on solving everyday operational challenges. By using automation and data-driven insights, the platform helps improve vehicle utilisation, reduce idle time, and create better earning opportunities for drivers while making fleet operations more efficient.

The funding also reflects increasing investor confidence in India's electric mobility sector. As ride-hailing companies, fleet owners, and businesses continue shifting towards electric vehicles, the need for technology platforms that simplify operations is becoming more important than ever.

For Milo Drive, this investment is more than just fresh capital it marks the next phase of its journey to build the digital backbone of India's evolving EV ecosystem. As the country accelerates towards cleaner transportation, startups enabling smarter mobility infrastructure are expected to play a defining role in shaping the future of urban travel.