Mufin Green Finance Pvt. Ltd. has invested $4 million in Evera Cabs, India’s app-based, all-electric taxi service, using a hybrid financing structure that combines loans and convertible debentures. The funds will be used to help Evera grow its fleet of electric vehicles.
The investment reaffirms Evera’s dedication to creating a clean, sustainable transport environment in India and demonstrates growing investor confidence in the green mobility market.
“Our strategic partnership with Mufin Green Finance marks a pivotal step in scaling sustainable electric mobility.” “Their backing empowers us to accelerate the deployment of EVs and strengthen our operational backbone.” Our recent acquisition of BluSmart’s fleet and driver network further enhances our capability to help corporate MNCs (B2B) to meet their carbon reduction targets and to deliver no cancellation and no surge airport transfer services for individuals (B2C).” “This is not just an expansion; it is a planned effort to reshape the EV landscape in India with agility and intent,” said Nimish Trivedi, Co-founder and CEO, Evera Cabs.
“At Evera, our core focus has always been delivering a clean-tech-powered, seamless, and disruption-free commuting experience,” said Nimish Trivedi, Co-founder and CEO of Evera Cabs. This new investment allows us to double down on our customer-first approach, from our zero-cancellation commitment to surge-free fares, ensuring our B2C riders can rely on Evera every time. The integration of BluSmart’s high-quality EV fleet further accelerates our mission to set new benchmarks in sustainable and dependable urban mobility.” “Evera’s vision for scalable, customer-first electric mobility perfectly aligns with our mission to democratise access to green transportation.” “Our investment goes beyond capital—it represents a strategic collaboration to strengthen India’s EV ecosystem.” “By supporting Evera’s all-electric fleet and robust service model, we are actively enabling the shift towards cleaner, smarter, and more sustainable urban transit,” said Kapil Garg, Founder and CEO, Mufin Green Finance.
With this infusion of capital and strategic backing, Evera is well-positioned to lead the next phase of growth in India’s electric mobility sector. The collaboration with Mufin Green Finance and the integration of BluSmart’s assets underscore Evera’s focused approach to building a resilient, future-ready EV ecosystem. As the demand for sustainable transportation rises, Evera remains committed to delivering reliable, environmentally conscious mobility solutions that redefine urban commuting for millions, including individuals (B2C) and corporations.