Delhi-based electric taxi startup Evera Cabs raises $4 million in funding

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Here’s a structured list based on the information provided:

Startup Details

  • Startup Name: Evera Cabs
  • Founded in: 2019
  • Founders:
    • Vikas Bansal
    • Rajeev Tiwari
    • Nimish Trivedi
  • Parent Company: Prakriti E-Mobility

Funding Details

  • Latest Fundraise Amount: $4 million
  • Funding Series: Not specified (described as a hybrid structure of convertible debentures and debt)
  • Investors: Mufin Green Finance Pvt. Ltd.

Previous Funding

  • Amount Raised Prior: $7.14 million
  • Investors in Previous Round: IEG and other investors

Key Dates

  • Latest Funding Date: Not specified in the text.
  • Previous Funding Date: Not specified in the text.

Business Focus

  • Sector: Sustainable Urban Mobility / Electric Vehicles
  • Market Positioning:
    • B2C and B2B services
    • App-based cab services with no-cancellation and no-surge pricing
    • Focus on airport transit and corporate services

This summary encapsulates the key information regarding Evera Cabs, its founders, funding, and business focus.

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2025-06-25 09:07:16