Everest Fleet’s Expansion Plan Gets Boost from Arka Credit Fund Investment

Arka Credit Fund I has recently disclosed its investment in the non-convertible debentures (NCDs) issued by Everest Fleet, a significant fleet supplier operating in India, with notable partnerships including Uber and Ola. While the exact investment amount has not been revealed, the capital infusion from Arka Credit Fund is set to fuel Everest Fleet’s growth ambitions. […]
Arka Credit Fund invests in Everest Fleet

Arka Credit Fund I said it has invested in the non-convertible debentures (NCDs) issued by Everest Fleet, a large fleet supplier in India that works with the likes of Uber and Ola. The investment value was not disclosed. Everest will use the capital to expand its fleet portfolio to exceed 17,000 vehicles by March 2024. […]
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 […]