Arka Credit Fund I makes NCD investment in shared mobility company Everest Fleet
The company owns a fleet of more than 10,000 CNG and electric cars in seven cities running on ride-sharing platforms such as Ola and Uber and aims to increase it to more than 17,000 by March 2024. Debt Investment for startup: Mid-market focused alternative investment fund Arka Credit Fund I (ACF I) on Thursday announced an […]
Uber leads $20M investment in everest fleet
Everest plans to use the funds to expand its footprint to other Indian cities and new global territories. The investment comes in the backdrop of Uber’s expansion into electric vehicle (EV) services. Read more at: https://yourstory.com/2023/06/uber-leads-20-million-investment-everest-fleet-electric-vehicles
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 […]