Private Equity VC Fund Investments
EV cab service provider Evera raises $7-M led by IEG
Source INC42 (opens in a new tab)
Delhi-based electric vehicle (EV) cab service provider Evera has raised USD 7 million in multiple tranches as part of its pre-Series A funding round, led by IEG India, Thailand-based Direct Capital, and Singapore's Westova Global.
The company will use the funds to expand its EV cab service in the national capital. Evera previously tied-up with Tata Motors to increase its fleet size by 2,000 EV cars by 2023-end.