What is Evera?
Founded in 2019, Evera operates as a specialized app-based cab service, distinguishing itself in the competitive Indian ride-hailing market by exclusively utilizing electric vehicles. By integrating sustainable technology with a robust service model, the company addresses the dual challenges of urban congestion and environmental degradation. Evera's market position is defined by its commitment to zero-emission transit, positioning it as a critical player in the transition toward green infrastructure in India's rapidly expanding metropolitan centers.
How much funding has Evera raised?
Evera has raised a total of $7M across 1 funding round:
Other Financing Round
$7M
Other Financing Round (2023): $7M with participation from IEG Investment Banking Group, Westova Global, and Direct Capital
Key Investors in Evera
IEG Investment Banking Group
A global investment banking firm providing financial advisory services, mergers and acquisitions support, and capital raising expertise for growth-stage companies.
Westova Global
An international investment firm focused on identifying and supporting high-growth enterprises within emerging markets and sustainable technology sectors.
Direct Capital
Direct Capital is New Zealand's leading private equity investor with over 25 years of experience, focusing on the mid-market private company sector in New Zealand and Australia.
What's next for Evera?
With this recent capital, Evera is well-positioned to scale its fleet and enhance its technological infrastructure to meet rising demand for sustainable mobility. The company is expected to focus on expanding its service coverage across New Delhi and potentially other major urban hubs, leveraging the current enterprise-level funding to optimize its charging network and driver acquisition strategies. As the regulatory environment in India continues to favor electric vehicle adoption, Evera's strategic roadmap likely includes deepening its market penetration and refining its operational efficiency to maintain a competitive edge against traditional internal combustion engine ride-hailing platforms.
See full Evera company page
