Drivn’s Indian entity raises Rs 45 crore seed round from Avaana Capital

Gurugram-based Drivn will use the funding to build its electric commercial-vehicle fleet, charging and battery-management platform. The company’s Indian entity was pre-revenue in FY26, despite an earlier $80 million commitment from Nomura.

— FiledMon, 21 Sept, 2026, 15:32 IST·First seen Mon, 21 Sept, 2026, 15:31 IST·Source Entrackr

What happened

DRIVN · Drivn’s Indian entity raised Rs 45 crore in seed funding from Avaana Capital to support its electric commercial-vehicle, fleet operations, charging and

Key facts

  • Rs 45 crore ($4.7 million) seed round
  • $80 million Nomura commitment in February 2026
  • 33,98,792 CCPS issued at Rs 132.40 per share
  • Singapore parent holds 88.75%
  • Avaana Capital holds 7.22%

Why this matters

Drivn’s Rs 45 crore seed round supports expansion of its electric commercial-vehicle fleet, charging and battery-management capabilities, potentially creating a more integrated fleet-services option for Indian operators.

What to watch

  • Number and type of commercial EVs deployed, leased or managed over the next two to four quarters.
  • Named anchor customers, especially logistics firms with predictable routes and depot charging needs.
  • Charging-site additions, utilization rates, electricity procurement arrangements and uptime metrics.
  • Evidence that the earlier $80 million Nomura commitment is funded, revised, delayed or replaced.
  • Revenue commencement, repeat customer contracts and disclosed unit-economics metrics such as cost per kilometer and battery health.

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