Funding · Mobility & Logistics

Carrum Mobility raises $10M Series B from Uber

By Startup Enthusiast · 9 September 2026

Date: 9 September 2026
Company: Carrum Mobility
What it does: B2B fleet management for ride-hailing
Kind: Funding
Amount: $10M
Stage: Series B
Founded: 2024
Sector: Mobility & Logistics

What they do

Carrum Mobility operates a B2B (business-to-business) fleet management platform that supplies CNG and electric vehicles to ride-hailing services like Uber

What happened

Uber led a fresh $10 million Series B investment to help the startup enter new regions and broaden its infrastructure

Why it matters

Carrum has achieved profitability since its inception and currently manages over 5,000 vehicles across six major Indian cities

The details

Ride-hailing giant Uber injected $10 million into Carrum Mobility through a Series B equity round.
The company plans to use the capital to expand into new cities, including Chennai.
Funds will also be directed toward strengthening its technology platform and scaling overall operations.
Carrum aims to double its current fleet size to approximately 11,000 vehicles within the next year.
The startup currently operates over 5,000 vehicles and supports more than 18,000 driver partners.
Its business operates at an annualized revenue pace (projected yearly turnover based on recent numbers) of ₹400 crore.

The bigger picture

The investment follows a $7 million round from Uber in January 2026.
The business has stayed in the black right from launch, generating ₹7 crore in net profit during FY26.
The company's borrowing costs have decreased by 40% over the past year due to improved financial health and Uber's backing.

About the business

Carrum provides a fleet management platform for CNG and electric vehicles.
It supplies vehicles to Uber for various service tiers, including Uber Go, Premier, and Black.
The fleet mix consists of 70% hatchbacks, 10% sedans, and 20% SUVs.
The platform features tools for driver management, automated performance optimization, and streamlined payments.
Carrum finances its vehicle purchases primarily through debt, funding 10-15% of the cost upfront.
The company operates in Bengaluru, Hyderabad, Mumbai, Pune, Delhi, and Kolkata.

What happens next

Launch operations in Chennai in September 2026.
Increase fleet size to 11,000 vehicles within 12 months.
Pursue the ambition of becoming a global fleet partner for Uber.

The deal

Type: funding

Investors

Uber (lead) — A global ride-hailing platform that is also a major investor in Indian fleet partners.
CarDekho (existing) — An automotive technology company that was the first investor in Carrum.

Founders

Karan Jain, Founder and CEO

About Carrum Mobility

Product: Technology-led fleet management and vehicle deployment for CNG and electric fleets.
Customers: Fleet and mobility operators, including Uber and premium ride-hailing programs.
How it makes money: It likely earns fees from fleet management and vehicle operations for enterprise mobility clients.
What sets it apart: Technology-led operations focused on utilization and driver management, with a premium mobility use case.
Operations: Operates in five cities and manages a fleet of more than 5,000 vehicles and 18,000 drivers.

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