Funding · Mobility & Logistics
Drivn secures $80M financing from Nomura
By Startup Enthusiast ·
- 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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