Electric mobility platform focused on large commercial vehicles, has secured financing commitments of up to $80 million from Nomura, a global financial services group.
The proceeds will be used to support the Phase 1 rollout of nearly 1,000 electric buses and trucks across inter-city and heavy transport segments, Drivn said in a press release.
Co-founded last year by Manav Bansal and Alpna Jain, Drivn aims to build India’s operational and financial backbone for commercial electric mobility. The company acquires, owns, and leases electric buses and trucks, supported by an integrated tech-stack model that includes planning charging infrastructure, battery lifecycle management, fleet operations, and end-of-life solutions.
Gurugram-based startup, its OEM-agnostic approach is purpose-built for inter-city transport operators, logistics providers, and asset-intensive industries transitioning to electric fleets at scale. The company’s proprietary platform and on-ground operating data enable better asset utilisation, efficiency, and performance that large fleets demand, supporting customers across sectors such as inter-city bus transportation, logistics, ecommerce, cement, and steel.
The company focuses on inter-city transport and heavy trucking segments that remain underserved by traditional financiers despite offering the highest potential for emissions reduction and operational efficiency.
Drivn said its platform enables Scope 3 emissions reduction for hard-to-abate sectors including logistics, cement, and steel, while supporting India’s target of 30% electric vehicle penetration by 2030. By combining asset ownership with operational and data discipline, the company is positioning itself as a long-term infrastructure provider for India’s transition to zero-emission commercial transport.
Editor Desk
Verified JournalistDiscover the latest startup, business, and funding news. Get insights on trends, IPOs, mergers, and acquisitions. Perfect for entrepreneurs, investors.