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Uber-Backed Mobility Platform Everest Fleet Bags INR 50 Cr To Venture Into New Markets

Uber-backed Everest Fleet has raised INR 50 Cr in a strategic funding round from private equity firm Paragon Partners. 

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lmv licence: Taxi companies, drivers seek SC relief ahead of LMV licence issue hearing

The Tamil Nadu Urimai Kural Driver Trader Union, a group representing 2,250 drivers in the southern state, filed a petition on July 16 to join the case, arguing that any decision that asks the drivers to apply for and get a commercial endorsement from the regional transport offices would “render such cab drivers unworkable and inoperative”.

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Arka Credit Fund I makes NCD investment in shared mobility company Everest Fleet

Arka Credit Fund I makes NCD investment in shared mobility company Everest Fleet
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Arka Credit Fund I makes Non-Convertible Debentures Investment in Everest Fleet

Uber leads $20M investment in Everest Fleet

Everest plans to use the funds to expand its footprint to other Indian cities and new global territories. The investment comes in the backdrop of Uber's expansion into electric vehicle (EV) services.

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