Carrum Mobility Raises USD 10 Million in Series B Funding
Carrum Mobility raises USD 10Million Series B led by Uber, its second investment tranche, to expand fleet and tech across India.
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Carrum Mobility, a B2B fleet management technology platform, has raised USD 10 million (around INR 96 crore) in a Series B round led by Uber. This marks Uber’s second tranche of investment in the company, following its initial USD 7 million infusion in January 2026.
The capital will support expansion into new geographies, strengthen the company’s technology platform, and scale operations, alongside the growth of Uber Black services across India. Since Uber’s first investment, Carrum Mobility has nearly doubled its business.
The company operates a fleet of over 5,000 vehicles as of September 2026 across Bengaluru, Hyderabad, Mumbai, Pune, Delhi and Kolkata, with Chennai set to go live this month. It has onboarded over 18,000 driver partners and has remained profitable since its first month of operations, currently operating at an annualised revenue run rate of about INR 400 crore.
“This fresh capital will enable us to expand into new geographies, strengthen our technology platform, and continue delivering a differentiated premium mobility experience,” said Karan Jain, Founder & CEO, Carrum Mobility.
“Carrum Mobility has demonstrated exceptional execution and operational discipline. This investment will help us bring more high-quality vehicles onto the Uber platform and strengthen our premium offering,” said Aditya Kapoor, Director, Supply, Uber India and South Asia.
Carrum Mobility, a B2B fleet management technology platform, has raised USD 10 million (around INR 96 crore) in a Series B round led by Uber. This marks Uber’s second tranche of investment in the company, following its initial USD 7 million infusion in January 2026.
The capital will support expansion into new geographies, strengthen the company’s technology platform, and scale operations, alongside the growth of Uber Black services across India. Since Uber’s first investment, Carrum Mobility has nearly doubled its business.
The company operates a fleet of over 5,000 vehicles as of September 2026 across Bengaluru, Hyderabad, Mumbai, Pune, Delhi and Kolkata, with Chennai set to go live this month. It has onboarded over 18,000 driver partners and has remained profitable since its first month of operations, currently operating at an annualised revenue run rate of about INR 400 crore.
“This fresh capital will enable us to expand into new geographies, strengthen our technology platform, and continue delivering a differentiated premium mobility experience,” said Karan Jain, Founder & CEO, Carrum Mobility.
“Carrum Mobility has demonstrated exceptional execution and operational discipline. This investment will help us bring more high-quality vehicles onto the Uber platform and strengthen our premium offering,” said Aditya Kapoor, Director, Supply, Uber India and South Asia.
