Amount Raised
$20 Million
Round Type
Funding Round
ThaneTransportationAutomotiveFleet ManagementDescription
Ride-hailing company Uber has led a $20 million funding round in Mumbai-based fleet operator Everest Fleet, people aware of the matter told ET.The funding is Uber’s first inorganic investment in India, and comes in the backdrop of the US-based urban mobility company’s expansion into electric vehicle (EV) services for which it has partnered with several fleet operators including Everest.Powered ByVideo Player is loading.Play VideoPlaySkip BackwardUnmuteCurrent Time 0:01/Duration 50:00Loaded: 1.19%00:01Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -49:59 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedPicture-in-PictureFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.AdvertisementNotably, Everest also partners with Uber’s rival in India SoftBank-backed Ola.“This funding round will accelerate our transition from being a CNG-dominated fleet to one with CNG and electric vehicles in the next five years. By 2026, we aim to have 10,000 electric vehicles as part of our overall fleet,” Siddharth Ladsariya, co-founder, Everest Fleet, said.Currently, Everest is present in seven cities—Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. With this investment, Everest said it plans to expand its footprint to other major Indian cities and new global territories.Even as Uber will only acquire a minority stake in Everest, this marks a step away from the company’s stance of not having a control on its fleet.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesIn February, Uber signed a deal with Tata Motors to induct 25,000 EVs into its fleet
Quick answer
Everest Fleet raised $20 Million in a Funding Round round, dated June 14, 2023. Everest Fleet is based in Thane, Maharashtra, India.
- How much did Everest Fleet raise?
- Everest Fleet raised $20 Million in a Funding Round round on June 14, 2023.
- What does Everest Fleet do?
- Everest Fleet Pvt Ltd is a fleet management company founded in Oct 2016.
- Where is Everest Fleet based and how big is it?
- Everest Fleet is based in Thane, Maharashtra, India.
- Who are the decision-makers at Everest Fleet?
- Fundz holds 1 contact at Everest Fleet. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Automotive around the same time
Companies in the same sectors as Everest Fleet that raised within 45 days of this round, from Fundz verified event records.
- Colonia Technologies raised $6.5M (Funding Round) on June 26, 2023.
- FERNRIDE raised $31M (Funding Round) on June 13, 2023.
- Zyngo raised $5M (Funding Round) on May 9, 2023.
- Ampcontrol raised $10M (Series A) on July 26, 2023.
- Carvolution raised $28M (Funding Round) on July 26, 2023.
- HoloMatic raised $42M (Series C) on July 18, 2023.
Who to call at Everest Fleet, and when
A new round usually means Everest Fleet is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Everest Fleet raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Everest Fleet, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Everest Fleet. With Fundz connected, it knows.
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Fundz sees it the moment Everest Fleet raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Everest Fleet raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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