Latest news with #EveraCabs
Entrepreneur
24-06-2025
- Business
- Entrepreneur
Evera Cabs Secures USD 4 Mn from Mufin Green Finance
The latest capital infusion will support Evera's mission to scale sustainable electric mobility in India, particularly through airport-centric and corporate transport services. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Delhi-based electric taxi service Evera Cabs has raised USD 4 million in funding from Mufin Green Finance, in a hybrid deal comprising convertible debentures and debt. The funds will be deployed to expand Evera's all-electric vehicle fleet and strengthen its operations, the company announced. The new investment follows Evera's USD 7.14 million seed round raised earlier from IEG and other investors. The latest capital infusion will support Evera's mission to scale sustainable electric mobility in India, particularly through airport-centric and corporate transport services. "Our strategic partnership with Mufin Green Finance marks a pivotal step in scaling sustainable electric mobility," said Nimish Trivedi, Co-founder and CEO of Evera Cabs. "This is not just expansion—it is a planned effort to reshape the EV landscape in India with agility and intent." Founded in 2019 by Vikas Bansal, Rajeev Tiwari, and Nimish Trivedi, Evera Cabs operates under Prakriti E-Mobility Pvt Ltd, offering an app-based, all-electric taxi service. Positioned at Indira Gandhi International Airport, Delhi, the company provides a cleaner, safer, and more reliable commuting experience with its well-maintained EV fleet and trained drivers. Evera's offerings span both B2B and B2C segments. In the B2B space, it supports corporate clients and MNCs aiming to meet carbon reduction goals. For B2C customers, Evera provides airport transfer services with a "No Cancellation, No Surge" policy, ensuring convenience and transparency. In May 2025, Evera began repossession of 500 EVs from BluSmart after the latter's operational pause in major metros. This acquisition, which included BluSmart's fleet and driver network, aligns with Evera's plan to expand its footprint across all Delhi airport terminals. "This new investment allows us to double down on our customer-first approach," added Trivedi. "With BluSmart's high-quality fleet now integrated, we're setting new benchmarks in dependable and sustainable urban mobility." "Our investment goes beyond capital—it represents a strategic collaboration to strengthen India's EV ecosystem," said Kapil Garg, Founder and CEO of Mufin Green Finance. As demand for sustainable transport grows, Evera is poised to lead India's next chapter in green mobility—offering zero-emission rides with comfort, reliability, and environmental responsibility at its core.
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Business Standard
07-05-2025
- Automotive
- Business Standard
Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26
The company expects its fleet size to grow to 1,000 and customer base to up to 39,000 by the end of the June quarter following acquisition of BluSmart's cars Premium New Delhi Listen to This Article Delhi-based EV ride hailing Evera Cabs, which grabbed headlines as it took possession of 500 cars from now-defunct cab booking service BluSmart, is gearing up its play in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing fiscal year (FY26), significantly higher than the Rs 18 crore revenue it clocked in FY25. The projected growth comes as the company expands its electric vehicle (EV) fleet by taking possession of a portion of BluSmart's vehicle inventory. BluSmart's abrupt exit, following the implication of its founders' company Gensol Engineering, has left the cab-hailing electric
Time of India
05-05-2025
- Automotive
- Time of India
Evera Cabs initiates repossession of 500 electric cabs earlier operated by BluSmart
App-based electric taxi service provider Evera Cabs ( Prakriti Mobility ) on Monday said it has initiated the repossession of 500 electric cabs earlier operated by troubled BluSmart . Already 220 vehicles have been acquired and the remaining 280 are set to be reclaimed in the coming days, Evera Cabs said in a statement. #Pahalgam Terrorist Attack Inside Operation Tupac: Pakistan's secret project to burn Kashmir Who is Asim Munir, the Zia-style general shaping Pakistan's faith-driven military revival 'Looking for partners, not preachers': India's strong message for EU amid LoC tensions The company is looking to enhance its position as a leading electric cab service provider, with a strong focus on airport mobility, it added. Evera claimed that alongside the fleet integration, "a big chunk of BluSmart drivers" are queuing up to join it with 10 per cent of them being women. Around 150 drivers have started doing trips and recruitment efforts are ongoing to ensure service readiness as the fleet scales up. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Harry Potter Actress Amazes Fans After 20 Years.. Lawyers Favorite Undo "What we're executing is not just a scale-up, it is a realignment of the electric mobility narrative in India. As key players recalibrate, Evera is stepping forward with clear intent, absorbing proven EV assets and trusted drivers to ensure uninterrupted service across key routes," Evera Co-Founder and CEO Nimish Trivedi said. Evera said its repossession of BluSmart's cabs through its lenders is part of a multi-stage strategic plan to reinforce its footprint in NCR's high-demand airport cab sector . Live Events In the next phase, it is doubling down on its airport network expansion, extending services across all terminals of Delhi's airport, the company said, adding while it previously operated only from Terminal 3, the integration of new vehicles enables full-terminal coverage. Last month electric cab-hailing platform BluSmart suspended operations across Delhi-NCR, Bengaluru, and Mumbai after capital market regulator Sebi banned Gensol Engineering and promoters -- Anmol Singh Jaggi and Puneet Singh Jaggi, who are also co-founders of BluSmart -- from the securities markets in a fund diversion and governance lapses case.
