In a fresh push toward green mobility, Evera Cabs, the Delhi-based all-electric cab operator, has raised $4 million in funding from Mufin Green Finance, structured as a mix of convertible debentures and debt.
This latest infusion follows Evera’s earlier $7.14 million seed round from IEG and other backers, bringing the total capital raised to over $11 million. The funds will be used to expand the startup’s EV fleet, with a sharp focus on strengthening its airport-centric B2C operations.
Co-founded in 2019 by Vikas Bansal, Rajeev Tiwari, and Nimish Trivedi, Evera Cabs operates through a dedicated app-based platform, delivering what it calls a seamless, eco-friendly commute with no-surge pricing and no cancellations — two pain points for Indian urban travelers.
“At Evera, our core focus has always been delivering a clean-tech-powered, seamless, and disruption-free commuting experience,” said Nimish Trivedi, Co-founder and CEO.
Evera, a part of Prakriti E-Mobility, has carved out a strong niche in B2B fleet services for corporates, while also catering to individual passengers traveling to and from airports — a segment it aims to dominate nationwide.
In a strategic move earlier this year, the company began repossessing 500 electric cabs previously operated by BluSmart, following BluSmart’s reported operational issues in major metros. With this boost in fleet size, Evera is doubling down on its airport network, now present across all Delhi airport terminals.
With a growing demand for sustainable urban mobility, Evera is positioning itself as a reliable, clean-tech alternative to traditional cab services — one ride at a time.
