When was Milo Drive founded?

Milo Drive was founded in 2024 and raised its 1st funding round within a year of its incorporation.

Where is Milo Drive located?

Milo Drive is headquartered in Gurugram, India. It is registered at GROUND FLOOR,GLOBAL FOYER, SECTOR 1, PALAM VIHAR, Palam Vihar (Gurgaon), Gurgaon, Palam Vihar, Haryana, India, 122017.

Which legal entities is Milo Drive associated with?

Milo Drive is associated with MILO MOBILITY PRIVATE LIMITED.

How many employees does Milo Drive have?

As of Aug 31, 2026, the latest employee count at Milo Drive is 23.

Is Milo Drive a funded company?

Milo Drive is a funded company, having raised a total of $2.4M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 03, 2024.

How much is Milo Drive worth?

The latest valuation of Milo Drive is ₹***** as of Jan 02, 2025.

When was the latest funding round of Milo Drive?

Milo Drive's latest funding was a $***** Seed round on Jul 08, 2026, with participation from 6 investors. Its primary sector is Electric Vehicles. In India, the Electric Vehicles sector has seen $1.01B in funding in 2026 to date.

What is the annual revenue of Milo Drive?

Annual revenue of Milo Drive is less than ₹10 Cr as on Mar 31, 2025

Where does Milo Drive rank among its competitors?

Milo Drive ranks 19th amongst 275 active competitors, of which 18 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Milo Drive, which secured $2.4M in Jul, 2026.

Who are the top competitors of Milo Drive?

Milo Drive's top competitors include Uber, Blu-Smart and Ola. Among them, Milo Drive secured the most recent funding round in July, 2026.

Milo Drive - 2026 Company Profile, Team, Funding, Competitors & Financials

Milo Drive is a seed company based in Gurugram (India), founded in 2024 by Vishal Jewrajka and Monil Jayeshkumar Khatri. It operates as an Operator of electric vehicle fleets for ride hailing transportation services. Milo Drive has raised $2.4M in funding from Antler and Caret Capital, with a current valuation of ₹*****. The company has 275 active competitors, including 18 funded and 6 that have exited. Its top competitors include companies like Uber, Blu-Smart and Ola.

Company Details

Operator of electric vehicle fleets for ride hailing transportation services. This business manages electric vehicle fleets to facilitate passenger transportation through digital booking platforms. It utilizes automated tracking and routing systems to coordinate vehicle availability and maintenance. The service model involves decentralized fleet management to support on-demand transit requirements.

Website: milodrive.com
Social
Email ID: *****@milodrive.com
Registered Address: GROUND FLOOR,GLOBAL FOYER, SECTOR 1, PALAM VIHAR, Palam Vihar (Gurgaon), Gurgaon, Palam Vihar, Haryana, India, 122017

Key Metrics

Founded Year

2024

Location

Gurugram, India

Stage

Seed

Total Funding

$2.4M in 2 rounds

Latest Funding Round

Seed, Jul 08, 2026, $*****

Post Money Valuation

₹***** as on Jan 02, 2025

Investors

Antler & 6 more

Ranked

19^th among 275 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

23 as on Aug 31, 2026

Similar Companies

Blu-Smart & 41 more

View Milo Drive's full profile

Milo Drive is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MILO MOBILITY PRIVATE LIMITED CIN: U52290HR2024PTC122434 , India, Active	Jun 11, 2024	0 - ₹10 Cr (As on Mar 31, 2025)	-

Milo Drive has raised a total funding of $2.4M over 2 rounds. Its first funding round was on Dec 03, 2024. Its latest funding round was a Seed round on Jul 08, 2026 for $*****. 6 investors participated in its latest round. Milo Drive has 7 institutional investors.

Here is the list of recent funding rounds of Milo Drive:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 08, 2026	8161937	Seed	9544593	8631917	2488914	5866822
Dec 03, 2024	2739174	Seed	4126379	8936350	Antler	Climate Angels

Access funding benchmarks and valuations. Sign up today!

View details of Milo Drive's funding rounds and investors

The founders of Milo Drive are Vishal Jewrajka and Monil Jayeshkumar Khatri.

Here are the details of Milo Drive's key team members:

Vishal Jewrajka: Co-Founder of Milo Drive. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Monil Jayeshkumar Khatri: Co-Founder of Milo Drive. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

Milo Drive's Board of Directors

Milo Drive's board has 2 active members. Vishal Jewrajka and Monil Jayeshkumar Khatri are part of team.

Here is the list of Milo Drive's board of directors:

Name	Type	Representing	Status	Duration
Vishal Jewrajka	Team	-	Current	2y 3m
Monil Jayeshkumar Khatri	Team	-	Current	2y 3m

View details of Milo Drive's Founder profiles and Board Members

Milo Drive's employee count trend

Milo Drive has 23 employees as of Aug 26. Here is Milo Drive's employee count trend over the years:

Uncover Milo Drive's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Milo Drive include Uber, Blu-Smart and Ola. Here is the list of Top 10 competitors of Milo Drive, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Uber 2009, San Francisco (United States), Public	Network providing on-demand transportation, delivery, and business management solutions	$13.2B	Toyota, Fidelity Investments & 192 others	89/100
2nd	Blu-Smart 2019, Gurugram (India), Deadpooled	Platform offering electric vehicle fleet undergoing corporate insolvency resolution process	$159M	responsAbility, Lightsource BP & 280 others	79/100
3rd	Ola 2010, Bengaluru (India), Series J	Operator of a network providing on-demand transportation and mobility solutions	$3.84B	Tiger Global Management, Steadview & 150 others	73/100
4th	Meru 2007, Mumbai (India), Acquired	App-based platform offering ride-hailing services	$135M	True North, Brand Capital & 12 others	72/100
5th	TaxiForSure 2011, Bengaluru (India), Acquired	Car rental aggregator	$45.2M	Accel, Helion Venture Partners & 11 others	63/100
6th	Lithium Urban Technologies 2015, Bengaluru (India), Acquired	Platform offering operator of electric mobility services, fleet management, and charging infrastructure	$26.8M	INDAG Rubber, Lightrock India & 46 others	60/100
7th	Cab-E 2019, Mumbai (India), Series A	Operator of a technology platform providing all-electric vehicle cab booking services	$6.27M	Alluring Commercial, Exmark Distributors ... & 122 others	58/100
8th	WTI 2009, Delhi (India), Public	Provider of vehicle transfer and tech enabled solutions	-	-	54/100
9th	GOAMILES 2018, Margao (India), Funding Raised	App-based platform offering ride-hailing services	-	Sarthy	53/100
10th	Quick Ride 2015, Bengaluru (India), Series B	Provider of carpool, bikepool, and taxi services	$15.8M	Sequoia Capital, Naspers & 8 others	52/100
19th	Milo Drive 2024, Gurugram (India), Seed	Operator of electric vehicle fleets for ride hailing transportation services	$2.4M	Alteria Capital, Startup Sherpas & 5 others	44/100