EV Ride Hailing Startup Evera Bags $4 Mn From Mufin Green Finance

The electric vehicle (EV) ride-hailing startup, Evera, has secured $4 million in a new funding round from Mufin Green Finance, an NBFC that focuses on financing green projects. Evera operates an all-electric fleet of cabs, providing a sustainable and eco-friendly transportation solution. The fresh capital will be used by the company to expand its fleet of electric vehicles, to enhance its technology platform, and to expand its operations to new cities. The investment from a green finance company like Mufin is a strong endorsement of Evera's business model and its contribution to reducing carbon emissions. This funding will help Evera to scale up and to compete more effectively in the rapidly growing but competitive market for EV ride-hailing services in India.