Uber leads $20M round in India’s Everest Fleet for EV expansion

Uber has led a $20 million round into Everest Fleet, a Mumbai-based fleet management company that boasts over 10,000 vehicles running on rideshare platforms Uber and Ola throughout India. The company will use the funds to accelerate its transition to electric vehicles, with a goal of having 10,000 EVs in its fleet by 2026.
Uber has increasingly relied on fleet management companies like Everest to help its drivers gain access to vehicles.
“As Uber in India continues on its path to electrification, larger fleets like Everest will become increasingly important,” said Ruchica Tomar, an

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