Uber invests $10 million more in Carrum Mobility
Uber has put another $10 million into Carrum Mobility, an Indian fleet management startup. This brings its total investment for the year to $17 million. Carrum runs a platform for managing CNG and electric vehicle fleets, focusing on premium cars for Uber Black. The new cash will help Carrum expand to more cities, improve its tech, and hire more staff.
- Carrum raised $10 million from Uber's Series B round
- Uber made a previous $7 million investment in January
- Carrum manages 5,000+ vehicles, plans to enter Chennai
- The startup says it has stayed profitable since launch
- Carrum claims an annual revenue run rate of ₹400 crore
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