Carrum Mobility Solutions Pvt Ltd | $10M (Series B)

Founders: Karan Jain

Founded: 2024

HQ: India

Sector: Fleet Management / Mobility

What they do

→ B2B fleet management platform for CNG and electric vehicles

→ Uses tech and data to manage fleet utilisation and driver operations

→ Supplies vehicles to Uber Go, Premier, and Black tiers - 70% hatchbacks, 20% SUVs for Black

→ Manages 5,000+ vehicles and 18,000+ driver partners across 6 Indian cities, entering Chennai next

The Funding

→ Raised $10M in Series B from Uber - its second investment in Carrum

→ Follows a $7M round from Uber in January 2026, taking total Uber backing to $17M

→ Values Carrum at ~₹1,600 Cr (~$168M) post-money, up from ~$63M in January

→ CarDekho Group remains an early equity backer; debt investors include Trifecta Capital, Girnar Capital, Shriram Finance, Northern Arc

Why it matters

→ Founder Karan Jain previously built and sold Revv (self-drive rentals) to CarDekho

→ Carrum has nearly doubled its business since January, staying profitable since month one

→ Now Uber's largest fleet partner for Black in India, running at ~₹400 Cr ARR

→ Signals Uber doubling down on organised fleet operators as India's ride-hailing supply chain matures

Is Uber quietly becoming a fleet operator itself through bets like this?