Carrum Mobility Raises $10 Million from Uber at ₹1,600 Crore Valuation to Expand Fleet in India
| Particular | Details |
|---|---|
| Company | Carrum Mobility |
| Funding Raised | $10 Million |
| Investor | Uber |
| Valuation | ₹1,600 Crore |
| Industry | Mobility & Fleet Services |
| Market | India |
| Funding Purpose | Fleet Expansion and Business Growth |
| Key Focus | Expanding Mobility Fleet Across India |
Carrum Mobility secured $10 million (approximately ₹96 crore) in funding from Uber. Following this funding round, the company's valuation reached ₹1,600 crore ($168 million). Carrum Mobility is a fleet management startup that manages and supplies cars and drivers to Uber.
The company was founded by Karan Jain in 2024. It currently operates in Bengaluru, Hyderabad, Mumbai, Pune, Delhi, and Kolkata, with a fleet of around 5,100 vehicles and a workforce of over 18,000 drivers.
Key Services of Carrum Mobility
- Fleet Management
- Driver Management
- Vehicle Operations
- EV & CNG Fleet
- Uber Fleet Supply
How will the new funding be utilized?
- Fleet expansion
- Expansion into new cities
- Growing the EV and CNG fleet
- Strengthening the technology platform
- Scaling operations
- Team hiring
- Expanding the Uber Black business
Carrum Mobility Funding Journey: Key Investments and Valuation Growth
| Date | Investor | Funding Amount | Valuation | Key Details |
|---|---|---|---|---|
| January 2026 | Uber | $7 Million | ~₹600 Crore | Uber's initial investment in Carrum Mobility |
| September 2026 | Uber | $10 Million | ~₹1,600 Crore | Latest investment to support fleet expansion and growth |
| 2026 Total | Uber | $17 Million | ~₹1,600 Crore | Total investment from Uber during 2026 |