Carrum Mobility raises $10M in Series B led by Uber
Carrum Mobility will use this funding to expand its presence across the country and also invest in technology as well as talent.
Carrum Mobility, a B2B fleet management mobility platform has raised $10 million in a Series B round of funding led by Uber.
A statement said this transaction marks the second tranche of Uber's investment in Carrum Mobility, following its initial investment of $7 million in January this year.
The fresh capital will be deployed to accelerate expansion across existing and new geographies, strengthen the company's technology platform and scale operations. The investment will also support the continued growth of both Carrum Mobility's core mobility offerings and Uber Black services across India.
Carrum Mobility Founder & CEO Karan Jain said, “Uber's continued investment is a positive reflection of the business we've built and the opportunity ahead. As on date, we have nearly doubled the scale of our business since the last funding round while remaining consistently profitable.”
According to Carrum Mobility, ever since the first investment by Uber, it has nearly doubled its business, driven by growing demand for premium mobility solutions and a technology-first operating model.
Carrum Mobility today operates a fleet of over 5000 vehicles as of September’26 across Bengaluru, Hyderabad, Mumbai, Pune, Delhi and Kolkata, with Chennai expected to go live in September. The company has over 18,000 drivers on its platform.
Aditya Kapoor, Director, Supply, Uber India and South Asia, said “Carrum Mobility has demonstrated exceptional execution, operational discipline and a strong focus on customer experience. We are pleased to deepen our partnership through this investment and support the company’s continued expansion of its premium mobility and Uber Black services across India.”
Founded in 2024, Carrum Mobility is a B2B fleet tech mobility platform that focuses on building efficient and sustainable fleet operations through CNG and electric vehicles.
This startup claimed that it has remained profitable since its very first month of operation and now has an annualised revenue run rate of around Rs 400 crore.