Evera Cabs, India’s leading all-electric, app-based taxi service, has announced a fresh infusion of $4 million in funding from Mufin Green Finance Pvt. Ltd. This strategic investment, structured through a hybrid combination of convertible debentures and debt, will significantly bolster Evera’s efforts to expand its electric vehicle (EV) fleet across India.
Strengthening India’s Green Mobility Ecosystem
The new capital injection marks a significant milestone in Evera Cabs’ mission to revolutionize sustainable urban transportation. With mounting investor confidence in green mobility solutions, this partnership highlights the growing commitment towards building a cleaner and more resilient transportation infrastructure in India.
“Our strategic partnership with Mufin Green Finance is pivotal in scaling sustainable electric mobility. This support enables us to expedite EV deployment and strengthen our operational infrastructure,” said Nimish Trivedi, Co-founder and CEO of Evera Cabs. He emphasized that the recent acquisition of BluSmart’s fleet and driver network enhances Evera’s capacity to serve both corporate (B2B) clients and individual (B2C) customers, offering zero-cancellation and surge-free airport transfer services.
Trivedi further added, “This expansion reflects a deliberate strategy to reshape India’s EV landscape with agility and purpose. Our zero-cancellation policy and commitment to surge-free fares underscore our customer-first philosophy, ensuring consistent, reliable service for every passenger.”
Kapil Garg, Founder and CEO of Mufin Green Finance, echoed this sentiment, stating, “Evera’s vision for scalable, customer-centric electric mobility aligns seamlessly with our mission to democratize green transportation access. This investment represents more than just financial backing; it is a strategic collaboration aimed at fortifying India’s EV ecosystem.”
Positioned for Rapid Expansion
With this latest funding round, Evera is strategically positioned to lead the next wave of growth in India’s rapidly evolving electric mobility sector. The integration of BluSmart’s high-quality fleet and experienced driver network strengthens Evera’s operational capabilities, allowing it to meet the growing demand for sustainable and dependable urban transportation solutions.
Currently operating from Indira Gandhi International Airport in Delhi, Evera, under Prakriti E-Mobility, offers a premium, clean-tech powered commuting experience. The company caters to both B2B corporate clients and B2C airport travelers, maintaining its hallmark policies of zero cancellations and surge-free pricing. As environmental concerns continue to drive consumer preferences, Evera remains committed to delivering eco-conscious mobility solutions that do not compromise on comfort or service quality.
