The company

The thesis

Cities don’t need bigger cars.
They need the right ones.

Most city trips move one or two people a short distance. They are made in vehicles engineered for five seats and the highway.

Vayve Mobility designs compact electric vehicles from a clean sheet for the trips cities actually make: the daily commute, a taxi fare, a last-mile delivery, a ride across a campus. Each one is sized, priced and powered for its job.

~40%
of car commuters travel alone
1.5
people in the average private car
30–35 km
typical daily city commute

Figures as cited by Vayve Mobility’s founders in published interviews, 2023–2025.

The platform

One engineering base.
Four markets.

The vehicle architecture that began with a personal city car now spans ride-hailing, cargo and shuttles. Each model opens a new customer base without starting from zero.

  1. 01

    Personal

    Eva

    A city car for two adults and a child, built for the commute and the school run, with an optional solar roof.

    Urban households

  2. 02

    Ride-hailing

    CT4

    A purpose-built electric taxi with fast charging, designed around cost per kilometre for fleets and driver-owners.

    Fleet operators

  3. 03

    Cargo

    CTHaul

    A light electric hauler in the European L7e quadricycle class, carrying up to 700 kg for last-mile delivery.

    Logistics and delivery

  4. 04

    Estates and campuses

    GE X by Altrout

    A premium solar-roof shuttle for resorts, corporate parks and universities, seating up to ten passengers.

    Resorts, campuses, estates

Why it works

Small is an engineering advantage.

Born electric

No engine bay and no inherited platform. Every vehicle is designed around its battery and motor, which is what lets a small car be quiet, roomy and refined.

Light, so everything gets cheaper

Low mass means a smaller battery, a lower price and less time on the charger. On Eva, the optional solar roof can add around 10–12 km of driving a day.

Open categories

Quadricycle-class vehicles are a recognised segment in Europe and a largely empty one in India. Vayve builds for both rather than fighting for share in crowded ones.

Built on India’s supply base

Engineering and sourcing sit in Pune’s automotive cluster, with most components bought domestically. That keeps cost and lead times under control.

Milestones

From first sketch to four vehicles.

  1. Vayve Mobility is incorporated in Pune by four co-founders with backgrounds in volume manufacturing and industrial electronics.

  2. Eva is unveiled at Auto Expo. The company closes its first angel round.

  3. Named Greentech of the Year at the Global Startup Awards.

  4. Eva is shown at Bharat Mobility Global Expo and pre-bookings open.

  5. Vayve unveils CT4, CTHaul and GE X. CTHaul is backed by an export agreement with a French mobility group.

Leadership

The people building it.

  • Portrait of Nilesh BajajNilesh BajajChief Executive Officer
  • Portrait of Vilas DeshpandeVilas DeshpandeChief Operating Officer
  • Portrait of Saurabh MehtaSaurabh MehtaChief Technology Officer
  • Portrait of Ankita JainAnkita JainChief of Staff
  • Portrait of Deepak GulatiDeepak GulatiChief Marketing Officer
  • Portrait of VS NarayanVS NarayanChief Financial Officer
  • Portrait of Dinesh DaniDinesh DaniDirector, Mechanical
  • Portrait of Sanjay ApteSanjay ApteHead, Body & Trim

Investors

Take a closer look.

Request the investor deck, or arrange a visit to see and drive the vehicles in Pune.