Carrum Mobility Raises $10 Mn From Uber to Expand Its Fleet Management Business

Sep 9, 2026 | By Nguyen Minh

B2B fleet management startup Carrum Mobility has raised US$10 Mn (around ₹96 Cr) from Uber as part of its Series B funding round.

SUMMARY

ZeroRisk raised $10 million in Series A funding.
The round was led by MiddleGame Ventures, with Elkstone participating.
Founded in Ireland in 2023, ZeroRisk serves customers in Europe and North America.

This is Uber’s second investment in Carrum this year. The ride-hailing company had earlier invested $7 Mn in the startup in January 2026.

Carrum Mobility will use the fresh funds to expand into new cities and markets, strengthen its technology platform, scale operations, and grow its team.

The company will also use the funding to expand its core mobility business and Uber Black services across India.

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Uber’s continued investment is a positive reflection of the business we’ve built and the opportunity ahead. As on date, we have nearly doubled the scale of our business since the last funding round while remaining consistently profitable,” Jain said.

About Carrum Mobility

Founded in 2024 by Karan Jain, Carrum Mobility is a technology-driven fleet management startup focused on CNG and electric vehicles.

The company currently manages more than 5,000 vehicles across Bengaluru, Hyderabad, Mumbai, Pune, Delhi and Kolkata, and plans to expand to Chennai in September 2026.

Carrum has onboarded over 18,000 driver partners and says it has been profitable since its first month of operations. The startup currently has an annualised revenue run rate of around ₹400 crore.