Uber leads Carrum Mobility’s $10M Series B to scale fleet operations

Fleet-management platform Carrum Mobility has raised $10 million in Series B funding led by Uber. Operating CNG and EV fleets across six cities, the company plans to enter Chennai in September 2026 and reports an annualised revenue run rate of Rs 400 crore.

— Source publishedWed, 9 Sept, 2026, 19:04 IST·First seen Wed, 9 Sept, 2026, 19:07 IST·Source Entrackr

What happened

Uber led Carrum Mobility’s $10 million Series B round to expand fleet-management operations and technology. The CNG and EV fleet platform operates across six

Key facts

  • $10 million (approximately Rs 96 crore) Series B
  • $7 million Uber investment in January 2026
  • More than 5,000 vehicles
  • Over 18,000 driver partners
  • Rs 400 crore annualised revenue run rate
  • $20 million Uber investment in Everest Fleet in November 2025
  • $30 million Uber investment in Everest Fleet in September 2024

Why this matters

Carrum Mobility’s funding round and Uber partnership make it a more credible mobility-platform partner or target for companies seeking access to managed CNG and EV fleet operations across expanding Indian cities.

What to watch

  • Confirmation of a commercial partnership, preferred-fleet status or volume commitment from Uber.
  • Chennai launch timing, initial fleet size and vehicle mix.
  • Changes in Carrum's annualized revenue run rate, utilization rates and contribution margins after expansion.
  • New debt facilities, OEM leasing partnerships or charging/CNG infrastructure agreements.
  • Competitor funding rounds, driver incentive increases or fleet acquisition activity in Chennai and other metros.
  • Regulatory changes affecting EV fleet permits, ride-hailing aggregation or CNG availability.
  • Launch Chennai operations by September 2026 with an initial mix of CNG and EV vehicles.
  • Use Uber's strategic backing to negotiate vehicle financing, insurance, maintenance and charging/CNG supply agreements.
  • Invest in fleet utilization, driver onboarding, telematics and predictive-maintenance technology.
  • Pursue additional city launches or enterprise fleet contracts after validating Chennai unit economics.
  • Potentially formalize preferred-supply or service-level arrangements with Uber while retaining multi-platform fleet customers.

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