Carrum, the Gurugram-based fleet management company backed by the CarDekho Group, has raised an undisclosed Series A funding from ride-hailing major Uber to expand its low-emission fleet and operations across India. Carrum Series A funding is aimed at adding vehicles and taking the model to more urban centres where demand for compliant, cleaner cabs is rising.
Carrum Series A Round: Use of Proceeds
Carrum said the fresh capital will be deployed to grow its CNG- and EV-led fleet, strengthen driver supply and improve vehicle uptime through technology tools. “This investment marks an important milestone in our journey,” founder and chief executive Karan Jain said, adding that the partnership will help accelerate the rollout of sustainable mobility solutions. Uber said its investment reflects the trust built with Carrum as a long-standing fleet partner and will enhance rider experience through more high-quality vehicles.
Business Overview
Founded in 2024, Carrum operates more than 3,000 vehicles across Mumbai, Bengaluru, Hyderabad, Pune and Delhi and plans to widen its footprint to other major cities. The company prioritises CNG and electric vehicles and estimates it has helped avoid over 6,000 tonnes of carbon emissions so far, aligning with policy momentum for cleaner transport. Carrum also claims an annual revenue run-rate of around INR 300 crore, supported by steady utilisation on partner platforms.
Carrum–Uber Partnership
Carrum has been a fleet partner to Uber since 2024 and expanded that engagement last year by deploying over 250 premium SUVs for Uber Black in Delhi-NCR and Mumbai. Uber India & South Asia president Prabhjeet Singh said the company sees Carrum as a reliable partner and expects the tie-up to help add supply in premium and mainstream categories.
Outlook & Market Context
Uber’s investment also underscores a broader push to diversify fleet partners amid tight driver supply and rising compliance requirements. “Diversifying fleet partners allows Uber to scale supply faster and maintain service levels,” said Ram Soni, partner for mobility, energy and transportation at consultancy Praxis Global Alliance. Market participants note Uber has previously backed other organised fleet operators and continues to balance near-term CNG additions with longer-term electrification goals.
The organised fleet segment has been expanding as platforms seek dependable uptime, assured vehicle quality and driver training—areas where specialist operators such as Carrum have focused investments. Carrum’s model includes daily inspections, grooming and SOP-led training for driver partners, measures that have already been implemented in premium categories. The new funding is expected to reinforce those processes as the company scales.
Carrum Series A Funding Highlights
- Round: Series A; investor: Uber; size undisclosed
- Footprint: 3,000+ vehicles across Mumbai, Bengaluru, Hyderabad, Pune and Delhi
- Fleet mix: CNG-first with growing EV share; 6,000+ tonnes emissions avoided so far
- Revenue run-rate: ~INR 300 crore, as claimed by the company
- Partnership: 250+ SUVs deployed for Uber Black in Delhi-NCR and Mumbai (2025)
- Use of proceeds: Add vehicles, expand to more urban centres, strengthen tech and driver supply
Bottom Line
With Uber stepping in as Series A investor, Carrum gains fresh capital and validation to scale its low-emission fleet and deepen platform partnerships. Execution on city expansion, driver availability and service quality will be key as competition among organised fleet operators intensifies, and the transition to cleaner mobility gathers pace.
For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.