AdvtDemand outpaces supplyBalancing EV ambitions with CNG stabilityAdvtBy ,ETInfraJoin the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Uber had backed Everest with $20 million in June 2023, followed by about $30 million in 2024 and another $20 million in 2025.Carrum operates about 3,000 vehicles, including electric and compressed natural gas (CNG) cars. Uber has already deployed over 250 SUVs from Carrum’s fleet.“As Everest emerged as Uber’s dominant organised fleet partner, concentration risk increased. Diversifying fleet partners allows Uber to scale supply faster and maintain service levels,” said Ram Soni, partner for mobility, energy and transportation at Praxis Global Alliance.Everest Fleet currently supplies around 25,000–30,000 vehicles to Uber India.

Source: Economic Times January 14, 2026 11:54 UTC