Evera: EV Cab Startup Evera Bags $7 Mn To Expand Footprint, Scale Tech Stack

While IEG backed the startup in the first phase, Direct Capital and Westova Global joined the Pre-Series A round later. The startup will use the funding to expand its EV cab service in the national capital. The startup is also looking to expand its portfolio of B2B clients to pad its revenues. The startup directly competes with BluSmart, EEE-Taxi and giants such as Ola and Uber in the EV ride-hailing space. Evera operates in the burgeoning Indian EV market, which is projected to grow to nearly $114 Bn by 2029.