Electric Mobility Platform Drivn Secures USD 80 Mn Financing from Nomura
The fresh funds will be used for the Phase 1 deployment of nearly 1,000 electric buses and trucks across inter-city transport and heavy trucking segments.
[L-R] Alpna Jain & Manav Bansal, Co-founders of Drivn
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Drivn, a Gurugram-based electric mobility startup, has secured financing commitments of up to USD 80 million from Nomura, a global financial services group, to support the expansion of its commercial electric vehicle operations.
The company said the funds will be used for the Phase 1 deployment of nearly 1,000 electric buses and trucks across inter-city transport and heavy trucking segments. This rollout is expected to cater to sectors such as logistics, ecommerce, cement, steel, and inter-city passenger transport, which are increasingly exploring electric alternatives to reduce emissions and operating costs.
Founded in 2025 by Manav Bansal and Alpna Jain, Drivn operates as a full-stack electric mobility platform for large commercial vehicles. The company focuses on acquiring, owning, and leasing electric buses and trucks, while also offering integrated services such as charging infrastructure planning, fleet operations, and battery lifecycle management. Its model is designed to address the operational and financial challenges faced by large fleet operators transitioning to electric vehicles.
Drivn follows an OEM-agnostic approach, allowing it to work with multiple vehicle manufacturers based on client needs. According to the company, its proprietary technology platform and on-ground operating data help improve asset utilisation, efficiency, and performance for large fleets operating across long distances.
The startup is targeting inter-city transport and heavy trucking, segments that have traditionally seen limited financing support despite their potential for emissions reduction. Drivn said its platform can help customers lower Scope 3 emissions, particularly in hard-to-abate industries such as logistics, cement, and steel.
As India works toward its target of 30% electric vehicle penetration by 2030, Drivn aims to position itself as a long-term infrastructure provider supporting the shift to zero-emission commercial transport through a combination of asset ownership, operational oversight, and data-driven fleet management.
Drivn, a Gurugram-based electric mobility startup, has secured financing commitments of up to USD 80 million from Nomura, a global financial services group, to support the expansion of its commercial electric vehicle operations.
The company said the funds will be used for the Phase 1 deployment of nearly 1,000 electric buses and trucks across inter-city transport and heavy trucking segments. This rollout is expected to cater to sectors such as logistics, ecommerce, cement, steel, and inter-city passenger transport, which are increasingly exploring electric alternatives to reduce emissions and operating costs.
Founded in 2025 by Manav Bansal and Alpna Jain, Drivn operates as a full-stack electric mobility platform for large commercial vehicles. The company focuses on acquiring, owning, and leasing electric buses and trucks, while also offering integrated services such as charging infrastructure planning, fleet operations, and battery lifecycle management. Its model is designed to address the operational and financial challenges faced by large fleet operators transitioning to electric vehicles.
