# PrimeMover Mobility Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/primemover-mobility-technologies-private

- Industry: Transportation Services
- Headquarters: Gurgaon, India
- Website: www.revv.co.in
- Total disclosed funding: $4.5M
- Latest round: Series A (Aug 18, 2017)
- Investors on record: 6

## About

Based in India, PrimeMover Mobility Technologies offers innovative car rental and subscription services, empowering customers with flexible transport solutions for varied travel needs.PrimeMover Mobility Technologies, established in 2015 and headquartered in Gurgaon, India, specializes in providing car rental and subscription services. Notably, the company has secured a total of 7 funding deals, with the latest being a Series C round in December 2023, raising INR 709.50 mn from prominent investors including Hyundai Motor Company and Kia Motors Corporation. Anupam Agarwal, one of the founders, currently serves as the CEO, guiding the company through its operational strategies and growth initiatives.Revv, the brand under PrimeMover, offers a versatile car rental and subscription service tailored to meet diverse travel requirements. Customers can select from self-drive car rentals, car subscriptions, and hourly rentals, with an extensive fleet that includes hatchbacks, sedans, and SUVs. The service is operational in major Indian cities like Bengaluru, Mumbai, Delhi NCR, and Chennai, emphasizing hygiene and convenience by ensuring thorough sanitization of vehicles in accordance with WHO guidelines.In 2022, Revv reported a revenue of INR 10,466,388.4, with an EBITDA of -2,659,702.7, reflecting the company's position in the rapidly evolving mobility market.Following the acquisition by Cardekho in December 2023, which integrated Revv's services into its shared mobility ecosystem, PrimeMover aims to enhance its product offerings and expand its market presence. The company is likely to focus on developing new products to cater to emerging customer needs and explore potential expansion into new geographic regions. Recent funding will support these initiatives, driving innovation and operational efficiency as the company seeks to solidify its position in the mobility sector.

## Funding rounds

- Series A, Aug 18, 2017, $2.6M — Dream Incubator, BEENEXT, Edelweiss, Telama Investments Private Limited, Raghuvanshi Investment
- Series A, Nov 7, 2016, $2M — IndigoEdge Management Consultancy, Edelweiss

## Investors

- IndigoEdge Management Consultancy — Series A
- Edelweiss (https://capitalatlas.ai/funds/edelweiss) — Series A
- Dream Incubator (https://capitalatlas.ai/funds/dream-incubator) — Series A
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Series A
- Telama Investments Private Limited — Series A
- Raghuvanshi Investment — Series A