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Funding · Mobility & Logistics

Drivn secures $80M financing from Nomura

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Date
Company
Drivn
What it does
Electric mobility platform
Kind
Funding
Amount
₹665 crore
Stage
debt
Sector
Mobility & Logistics

What they do

Drivn is a full-stack electric mobility platform that buys and leases electric commercial vehicles

What happened

It secured an $80M (about ₹665 crore) financing commitment from global financial services giant Nomura

Why it matters

The funds will help deploy nearly 1,000 electric commercial vehicles by end of FY27, targeting cement, steel and e-commerce logistics

The details

  • Drivn secured an $80M financing commitment from Nomura, a global financial services giant.
  • The amount is about ₹665 crore.
  • The financing will be used to deploy nearly 1,000 electric commercial vehicles by the end of FY27 (Phase 1 rollout).
  • Drivn targets sectors like cement, steel, and e-commerce logistics.
  • India has a national target of 30% EV penetration by 2030.
  • Kushagra Pant, managing director at Nomura, commented on Drivn.

The bigger picture

  • India aims for 30% EV penetration by 2030, creating demand for electric commercial vehicles.
  • Drivn's full-stack model (owning and leasing vehicles) reduces upfront costs for fleet operators.
  • The financing from a global giant like Nomura signals confidence in Drivn's business model.

About the business

  • Drivn is a full-stack electric mobility platform.
  • It buys, owns, and leases electric commercial vehicles under long-term contracts.
  • Target sectors include cement, steel, and e-commerce logistics.
  • The company focuses on electric commercial vehicles (CVs).

What happens next

  • Deploy nearly 1,000 electric commercial vehicles by end of FY27.
  • Target sectors: cement, steel, e-commerce logistics.

The deal

Type
debt

Investors

  • Nomura (lead) — Global financial services giant.

Founders

  • Manav Bansal, co-founder & CEO
  • Alpna Jain, co-founder & chief business officer

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