Image default

EV cab service provider Evera raises $7M

New Delhi-based EV cab service provider Evera has raised $7 million (about Rs 60 crore) in its first funding round. The startup’s first tranche saw participation from IEG Investment Banking Group, while Direct Capital and Westova Global invested in the second round.

The startup intends to use the raised capital to expand the its offering across the national capital and expand technological advancements.

Founded in 2019 by Nimish Trivedi, Rajeev Tiwari and Vikas Bansal, Evera provides EV cab service to customers across business-to-customer (B2C) and business-to-business (B2B) segments.

“We are privileged to have a strong set of prominent global investors who believe in our mission. We have already logged 10 million green kilometres in the Delhi NCR. The current investment will be utilised towards the advancement of tech and expand our business to establish a bigger & stronger customer base,” said Nimish.

At present, Evera operates in Terminal 3 of the New Delhi Airport and has about 238 cabs in its fleet.

Also Read:

Follow IndianStartupNews on Facebook, Instagram, Twitter for the latest updates from the startup ecosystem.

Source link

Related posts

D2C Startup RapidBox Raises $4.5M In Series A Funding

Jason Dudley

Gaming Marketplace Driffle Raises $3.4 Million In Seed Funding Round

Jason Dudley

Uber Shuts Down Service in Major Cities Including Karachi and Islamabad

Jason Dudley

India’s 42 Fastest Growing D2C Brands

Jason Dudley

Indian food delivery giant Swiggy to cut 380 jobs

Jason Dudley

Virtual reality startup iXRLabs raises $800K in a seed round

Jason Dudley

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More