Debt financing
EV Ride hailing startup Evera raises $4-M from Mufin Green Finance
New Delhi-based Evera Cabs has raised USD 4 million funding in a hybrid structure of convertible debentures and debt from Mufin green finance. The proceeds will be used by the firm to expand its electric vehicle fleet and enhance its operational capacity.Evera Cabs has recently acquired BluSmart's fleet, which improves the carbon reduction targets by corporate MNCs and offers no cancellation services to users.Co-founded in 2019 by Vikas Bansal, Rajeev Tiwari, and Nimish Trivedi, Evera Cabs , an app-based platform offers a safe, comfortable, and eco-friendly transportation experience. The company is part of Prakriti E-Mobility, which focuses on sustainable energy solutions.
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