BII backs Everest Fleet, TI Clean as India EV commitments Top $300 Mn

British International Investment (BII), the UK-backed development finance body, announced investments worth $33.5 million (Rs 280 crore) into three companies in India’s electric vehicle sector.
Everest Fleet DGEMS Forbes 2024

Everest Fleet, a pioneering entity in the Indian mobility sector, is actively shaping the future of transportation. Established in 2016, this fleet management company oversees a diverse fleet of over 18,500 vehicles across 7 cities in India. The organization is dedicated to enhancing daily commutes and ensuring a seamless experience for riders through its efficient […]
Everest Fleet Raises Rs 251.7 Crore Series C Funding Led by Uber

Everest Fleet, one of the prominent names in the mobility startup space has managed to raise Rs 251.7 crore (approximately $30 million) in its Series C funding round, with ride-hailing giant Uber emerging as a key investor for the second time. The regulatory filings accessed from the Registrar of Companies (RoC) reveal that the board […]
Exclusive: Uber invests $30 Mn in Everest Fleet at $425 Mn valuation

Mobility startup Everest Fleet has raised Rs 251.7 crore (approximately $30 million) in its Series C round from global ride-hailing giant Uber. This marks Uber’s second investment in the company, which manages a cab fleet for the platform.
Congratulations Siddharth Ladsariya, Founder, Everest Fleet Pvt. Ltd. on joining the Elite list of BW Disrupt Future Masters 2024

BW Businessworld wishes you the best for your future endeavours. BW Businessworld | Annurag Batra | Noor Fathima Warsia l Tanvie Ahuja | Chetan Mehra | Resham Suhail
BW Disrupt 40 Under 40 2024 Winners: Future Masters Of Startup World

A modern India cannot be imagined without startups that has been a symbol of innovation, discovery and growth. India is rapidly establishing itself as a global startup hub, blending traditional business acumen with cutting-edge deep tech innovation. Young entrepreneurs are turning challenges into opportunities, epitomizing the concept of ‘Avasar in Apda’—seizing chances amid adversity. Supported […]
Axis Bank Backs Everest Fleet With INR 100 Cr Loan To Accelerate Electric Mobility In India

Axis Bank has extended a loan of INR 100 Cr ($12.1 Mn) to Everest Fleet for four years along with GuarantCo, a local-currency credit solution company, part of the Private Infrastructure Development Group (PIDG) as its guarantor. Founded in 2016 by Siddharth Ladsariya, Everest Fleet will utilise the funds to add more electric vehicles (EVs) […]
Axis Bank extends INR 1 billion loan to Everest Fleet under GuarantCo partnership for purchase of Electric Vehicles (EV) in India

Axis Bank, one of the leading private sector banks in India, in collaboration with GuarantCo, a part of the Private Infrastructure Development Group (PIDG), has extended INR 1 billion (c. USD 12.1 million) loan for over four-years to Everest Fleet, India’s largest independent fleet management provider, to empower them to purchase electric vehicles to be […]
Artha Venture Fund-I makes partial exit from Everest Fleet, clocks 19x return

The Mumbai-based company Everest Fleet has recently closed a $20 million funding round led by ride-hailing platform Uber. Artha Venture Fund (AVF), a Mumbai-based early-stage microVC, has made a partial exit from fleet management company Everest Fleet, the company said in a press note. With this, the microVC fund has recorded a 19x return on […]
Artha, Rockstud Exit Uber-Backed Everest Fleet With 18X+ Returns

Uber-backed fleet management startup Everest Fleet has seen two investors – Artha Venture Fund and Rockstud Capital – exit, days after securing funding from Uber and Paragon Ventures. While Rockstud claimed to have made a return of 18.8X on its investment in Everest Fleet via this exit, Artha claimed a return of 19X. The latter […]