Evera EV cab service provider raises $7 Mn USD in pre-series A round

Evera- an EV Cab service provider, has marked the final closure of its pre-Series A funding round at $7 million. The company secured the investments in two tranches, initially led by IEG Investment Banking Group, Germany and later Direct Capital- subsidiary of Devonshire Capital, Thailand & Westova Global, Singapore came together in the closure of this round. Evera has raised $7 million in total funding till date.

With this investment, the company aims to utilize the added funds to expand its EV cab services across the capital and expand technological advancements.

On the growth, expansion, and investment, Mr. Nimish Trivedi, Co-founder & CEO –Evera, said, “We are privileged to have a strong set of prominent global investors who believe in our mission of building sustainable commutes as it is a pressing need. We have already logged 10 million green kilometers in the Delhi NCR. The current investment will be utilised towards advancement of tech and expand our business to establish a bigger & stronger customer base.”

The company has recently partnered with GMR and started its services from Indra Gandhi International airport in New Delhi with the aim to build a sustainable tomorrow. Last year, Evera also signed the MoU with TATA Motors to increase its fleet size by 2000 EV cars.