Pune and Bengaluru
Both cities are already configured on the RIDEV platform. Hub selection and initial fleet allocation are the remaining steps.
RIDEV owns an electric two-wheeler fleet and rents it, week by week, to India's delivery riders — with energy, maintenance, replacement vehicles and insurance bundled into one price.
India's gig workforce runs on two-wheelers it cannot afford to own, service or replace. RIDEV takes the asset, the energy and the downtime off the rider and prices the whole thing as one weekly number.
Ten vehicles at launch. 1,400 by the Shark Tank pitch. 12,000+ today, across five cities.
RIDEV concentrates fleet into a small number of dense hubs rather than spreading it thin. That is what makes free swapping and in-house maintenance physically possible — and the hub is the unit that gets replicated when a new city opens.
Every entry is either public record or read from RIDEV's own systems. Sources are named against each one.
Manish Kumar Jain and Siddharth Jain took RIDEV into the Shark Tank India tank in January 2026 asking ₹6 crore for 3%, and left with a deal from Kunal Bahl.
The full 18-minute pitch, including the Sharks' questions on end-of-life battery management and fleet economics.
Both cities are already configured on the RIDEV platform. Hub selection and initial fleet allocation are the remaining steps.
Chennai, Gurugram and Mumbai each run a single hub against a growing fleet. Adding hubs shortens rider travel to swap and repair — the direct lever on utilisation.
The Delhivery deployment is the template: dedicated vehicles, hub-side swapping and maintenance SLAs sold to logistics operators rather than one rider at a time.
This page is a company overview. Financial statements, unit economics, cohort behaviour and the capital plan are shared in a conversation, under NDA.
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