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Just raised $40M Series B - high purchase intent window

Evera Cabs raised $4 million in funding led by Mufin Green Finance to expand its electric vehicle fleet.

Jun 24, 2025•3 months ago

Amount Raised

$4 Million

Round Type

seed

New DelhiAutomotiveTransportation

Investors

Mufin Green Finance

Description

Evera Cabs, an all-electric, app-based taxi service, has raised $4 million in funding from Mufin Green Finance through a hybrid structure comprising convertible debentures and debt. The funds will be used to expand Evera’s electric vehicle fleet. The company primarily serves corporate clients at Indira Gandhi International Airport in Delhi.

Company Information

Company

Evera Cabs

Location

New Delhi, Delhi, India

About

Evera Cabs comprises of a network of sustainable energy solutions that come together to help reduce carbon emissions being released into the environment by everyday travel. Our services include a fleet of Electric Vehicles, Evera Cabs that run as an app based cab service along with a network of energy efficient charging stations to compliment the same. Our goal is to expand this grid of e-mobility across the nation and eventually onto a global stage.

FundzWatch™ Score

75
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers