Evera Cabs raises $4 Mn from Mufin Green Finance

Taxi service Evera Cabs has raised $4 million in funding from Mufin Green Finance through a mix of convertible debentures and debt.

The Delhi-based company previously raised $7.14 million in a seed round from IEG and other investors. The funds will be used to grow its electric vehicle fleet.

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“At Evera, our core focus has always been delivering a clean-tech-powered, seamless, and disruption-free commuting experience. This new investment allows us to double down on our customer-first approach from our zero-cancellation commitment to surge-free fares ensuring our B2C riders can rely on Evera, every time,” said Nimish Trivedi, cofounder and chief executive of Evera Cabs.

“Our recent acquisition of blusmart’s fleet and driver network further enhances our capability to help corporate MNCs (B2B) to meet their carbon reduction targets and to deliver No cancellation and No surge Airport transfer services for Individuals (B2C),” he added.

About Evera Cabs 

Co-founded in 2019 by Vikas Bansal, Rajeev Tiwari and Nimish Trivedi, Evera Cabs runs an app-based platform that provides safe, comfortable, and eco-friendly rides. It is part of Prakriti E-Mobility, a company focused on sustainable energy solutions.

Evera serves corporate clients through B2B services, while its B2C model focuses on airport travel with a no-cancellation and no-surge pricing policy for added convenience. The company aims to cut carbon emissions and promote greener travel choices for everyday commuting.

In May, Evera began reclaiming 500 electric cabs that BluSmart previously ran after BluSmart halted operations in major cities. Following this, Evera announced plans to strengthen its airport presence by expanding services across all terminals at Delhi’s airport.

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