MyPickup, the EV subscription startup has shut down operations after three years

MyPickup, an electric mobility startup backed by Inflection Point Ventures, has shut down after failing to achieve product-market fit and secure long-term funding. Founded in 2023 by Abhijeet Jagtap, the company offered subscription-based e-rickshaw services with 80% retention. By May 2025, it ran 19 vehicles with under 100 subscribers. A $179K seed round in 2024 kept it afloat for a year before closure.