Drivn, a full-stack electric mobility platform focused on large commercial vehicles announced that it has secured financing commitments of up to US$80 million from Nomura, the global financial services group, which is subject to documentation and final conditions and a further upsize from time to time.
The funding from Nomura will support Drivn’s ambition to build the operational backbone for large-scale electric mobility in India. The platform is designed to enable the transition of inter-city buses and heavy trucks from diesel to electric through an asset-backed, data-driven model focused on long-term deployment and operational reliability.
Founded in 2025, Drivn operates as a technology-first, asset-owning platform that buys, owns, and leases electric buses and trucks under long-term contracts. The company focuses on inter-city transport and heavy trucking, segments that remain underserved by traditional financiers despite offering the highest potential for emissions reduction and operational efficiency.
The funding forms a significant part of Drivn’s Phase 1 deployment plan which targets approximately 1,000 electric buses and trucks by Q4 FY27, with deployments commencing from February 2026.
Alongside the financing, Drivn enters the market with strategic memorandums of understanding across the electric mobility ecosystem spanning bus & logistics operators, vehicle manufacturers, charging and energy service providers, and maintenance partners. These partnerships are aimed at enabling coordinated asset deployment, charging readiness, uptime assurance, and long-term operating reliability, allowing the company to move directly into commercial-scale execution.
Commenting on the announcement, Manav Bansal, Co-Founder and Chief Executive Officer, Drivn, said, “For electric mobility to work at scale in heavy transport, the solution has to go beyond vehicles. It also has to address capital intensity, operational risk, and long-term reliability.” Alpna Jain, Co-Founder and Chief Business Officer added, “This financing allows us to build an integrated operating model, where our partners can run electric buses and trucks optimizing their balance-sheets, and where performance, uptime, and lifecycle outcomes are engineered into the system from day one.”
Kushagra Pant, Managing Director and Head of Private Credit, Asia ex-Japan at Nomura, said, “From an energy transition perspective, heavy commercial transport represents the most high-impact leverage point for decarbonization. Drivn stood out for us because it is not approaching this as a financing play alone, but as a long-term infrastructure platform that combines asset ownership, data, and operational discipline. We see strong potential in this model to scale India’s electric corridors while generating durable, infrastructure-grade returns.”
Aligned with national initiatives of FAME and PM-eBus Sewa, Drivn’s platform enables Scope 3 emissions reduction for hard-to-abate sectors including logistics, cement, and steel, while supporting India’s target of 30% electric vehicle penetration by 2030. By combining asset ownership with operational and data discipline, the company is positioning itself as a long-term infrastructure provider for India’s transition to zero-emission commercial transport.
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