India’s electric mobility ecosystem has received a significant boost as electric mobility platform Drivn has secured a funding commitment of up to $80 million (around ₹650 crore) from global financial services major Nomura. The development marks a major milestone for the Gurugram-based startup as it looks to accelerate the electrification of heavy commercial vehicles in the country.
The capital commitment will support Drivn’s plans to deploy electric buses and trucks across key inter-city and industrial transport routes in India. With commercial transport contributing a large share of vehicular emissions, the move is expected to play a meaningful role in reducing pollution while strengthening India’s clean mobility infrastructure.
Powering the Next Phase of Commercial EV Growth
Founded in 2025 by Manav Bansal and Alpna Jain, Drivn operates as a full-stack electric mobility platform that focuses on large commercial fleets rather than personal vehicles. The company offers a comprehensive solution that includes vehicle ownership, leasing, charging infrastructure planning, fleet management, and battery lifecycle optimisation.
The funding commitment from Nomura will largely be used to roll out the first phase of nearly 1,000 electric buses and trucks, enabling fleet operators to transition away from diesel without bearing the high upfront capital costs associated with electric vehicles. By providing long-term asset ownership and operational support, Drivn aims to reduce the financial and operational risks that typically slow down EV adoption in the commercial segment.
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One of the major barriers to electric vehicle adoption in heavy transport is the lack of integrated solutions that cover both financing and operations. Drivn’s model addresses this gap by combining technology-driven fleet optimisation with customised financial structures suited for asset-heavy businesses.
The platform is OEM-agnostic, allowing it to work with multiple vehicle manufacturers while ensuring high utilisation rates, predictable performance, and efficient charging schedules. Its data-driven systems monitor battery health, vehicle usage, and lifecycle costs, helping operators achieve lower total cost of ownership over time.
Aligning with India’s Clean Mobility Vision
Drivn’s expansion plans are closely aligned with India’s broader ambition to accelerate electric vehicle adoption and reduce dependence on fossil fuels. Commercial vehicles, particularly buses and trucks, play a critical role in meeting emission reduction targets due to their high daily usage and fuel consumption.
By focusing on Scope 3 emission reductions — indirect emissions from logistics and transport operations — Drivn positions itself as a strategic enabler for corporates, logistics companies, and transport operators looking to meet sustainability commitments without disrupting business efficiency.
Growing Global Confidence in India’s EV Opportunity
Nomura’s commitment highlights increasing global investor confidence in India’s electric mobility market, especially in sectors beyond passenger vehicles. The partnership reflects the belief that scalable, asset-backed, and technology-led models will be essential to electrify large fleets across emerging markets.
As Drivn begins deploying electric buses and trucks across key corridors, the company is expected to become an important player in shaping the future of commercial transportation in India. The coming months will be crucial as the startup moves from funding commitment to on-ground execution, contributing to cleaner roads and a more sustainable transport ecosystem.