Carrum Mobility Raises $10 Million Funding From Uber
The deal follows Uber’s $7 million investment in Carrum in January, making this the second time the ride-hailing major has backed the startup in 2026.
Carrum Mobility, a B2B fleet management startup, has secured $10 million (approximately ₹96 crore) from Uber in a fresh financing round, giving the ride-hailing company a deeper stake in its fleet operations partner.
The latest transaction values Carrum at about ₹1,505 crore before the investment and ₹1,600 crore after it, founder and CEO Karan Jain said.
The deal follows Uber’s $7 million investment in Carrum in January, making this the second time the ride-hailing major has backed the startup in 2026. The two companies have been working together to build out fleet capacity and premium mobility services.
Carrum intends to channel the new funds into strengthening its operations across current markets and establishing a presence in additional cities. The startup will also invest in its technology stack, expand its workforce and support the rollout of Uber Black across India.
Launched in 2024 by Jain, Carrum specialises in technology-led fleet management, with its vehicle base largely comprising CNG and electric cars. Jain previously founded Revv, a self-drive car rental platform that was acquired by CarDekho Group.
The company currently oversees nearly 5,100 vehicles spread across Bengaluru, Hyderabad, Mumbai, Pune, Delhi and Kolkata. It is evaluating further city expansions as it grows its network.
Carrum’s platform brings multiple fleet-related functions onto a single technology layer, covering driver onboarding, vehicle upkeep, payments, regulatory compliance, operations and data analytics.
The startup has built a network of more than 18,000 driver partners and said its business has almost doubled since its last funding round. Carrum also claims to have remained profitable since its first month and currently generates an annualised revenue run rate of around ₹400 crore.
CarDekho Group continues to hold an early equity position in the company. Its debt financing partners include Trifecta Capital, Girnar Capital, Shriram Finance and Northern Arc.
The latest investment comes as Uber seeks to expand the supply of professionally managed vehicles on its platform, particularly for Uber Black, its premium mobility offering. Carrum’s growing fleet gives Uber access to additional organised capacity while the startup gains funding to increase its vehicle base and operational reach.