Everest fleet

Electric passenger vehicle market leader Tata Motors has signed an MoU with Everest Fleet for the delivery of 5,000 Xpres-T EVs. The company handed over the first batch of 100 cars today. Everest Fleet, which is one of the leading operators in the shared mobility market in India, currently supplies over 6,000 cars to taxi aggregating platforms across seven metro cities. At present, it operates a 100%-CNG-powered fleet. Siddharth Ladsariya, founder, Everest Fleet, “Everest Fleet is a purpose-led organisation with a deep focus on sustainable mobility solutions. At Everest Fleet, we are paving the way for a better India, one kilometre at a time. Time has come to now take our 100% CNG cars' fleet towards a greener and cleaner alternative – Electric Vehicles. We are really looking forward for this EV journey together with Tata Motors as a strategic partner.” Ramesh Dorairajan, Senior General Manager, Network Management and EV Sales, Tata Motors Passenger Vehicle said, “We are delighted to associate with Everest Fleet for the deployment of 5,000 Xpres-T EVs electric sedans in their fleet. With enhanced safety, fast charging solution, a premium interior theme, and dynamic performance at an affordable price, the Xpres-T EV has created a new benchmark in India’s EV fleet segment with a market share of more than90%.Through such partnerships, we are successfully moving towards enhancing EV adoption in India.” In July 2021, Tata Motors launched the Xpres brand, exclusively for fleet c...

The market leader in India’s growing EV industry, Tata Motors, has signed an MoU with Everest Fleet Private Limited for the delivery of 5000 XPRES-T EVs. Tata is moving to accelerated the transition to sustainable transportation in India by manufacturing affordable electric vehicles. Tata has already handed over the first 100 cars to Everest Fleet Private Limited as part of the celebrations of the landmark deal. Over the past 10 years or so, a lot of new energy vehicle startups, and also legacy OEMs, have followed the same formula of starting with top of the range ($70,000+) electric vehicles and then move slowly to develop lower priced versions. The majority of car buyers can’t afford those kinds of vehicles. The good news is that truly affordable electric vehicles that meet most people’s needs are finally starting to arrive now in some markets around the world. Tata Motors has been revolutionizing the Indian automotive market with its pioneering efforts and is leading the e-mobility wave in India with a commanding market share of 87% in FY’22 and over 50,000 Tata EVs rolled out from the plant to date in the personal and fleet segment. In an effort to make EVs even more accessible to all, Tata Motors is working closely with other Tata Group companies including Tata Power, Tata Chemicals, Tata Auto Components, Tata Motors Finance, and Croma, to contribute to the faster adoption of EVs in India through its EV ecosystem called the Tata uniEVerse. To show just how transformat...

Everest Fleet, a leading fleet supplier, has successfully closed a US $20 million (Rs 164 crore) funding round led by Uber, the ridesharing company. Everest fleet operates in the shared mobility space in India and is an existing partner to leading ridesharing companies like Uber and Ola. The funding will enable Everest Fleet to expand its operations and grow the overall supply pool available for the ridesharing industry where demand continues to outstrip vehicle supply. Commenting on the fundraise, Siddharth Ladsariya, Cofounder, Everest Fleet said, “This funding round will accelerate our transition from being a CNG-dominated fleet to one with CNG and electric vehicles in the next 5 years. By 2026, we aim to have 10,000 electric vehicles as part of our overall fleet. With continued scale up of our operations, we aim to offer a rewarding driver partner proposition while helping our partners deliver a superlative experience to their customers.” FAME 2 revision impact, premium e-scooters overtake mass-market e-scooter sales says SMEV Prabhjeet Singh, President, Uber India and South Asia said, “Everest has grown its fleet at an impressive pace and has set new industry benchmarks in asset utilization. With the addition of new cars, including electric vehicles, Uber will continue to deliver a great service experience to riders.” Currently, Everest employs upwards of 10 thousand plus drivers and is present in 7 cities, including – Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Kol...

Everest Fleet has raised $20 million in a round led by the ridesharing company Uber. Everest provides CNG and Electric cars for ridesharing platforms such as Uber and Ola. The funding will support the expansion of its operations and increase the supply of vehicles for the ridesharing industry in India. The company, headquartered in Mumbai, was established in 2016 . The co-founder of Everest Fleet, Siddharth Ladsariya, stated that the funding will accelerate the company’s transition from a fleet dominated by CNG (compressed natural gas) vehicles to one that includes both CNG and electric vehicles. Their goal is to have 10,000 electric vehicles in their fleet by 2026. Ladsariya emphasized that with the scaling up of operations, they aim to provide a good driver partner proposition while ensuring a better experience for customers. Prabhjeet Singh, President of Uber India and South Asia, highlighted the importance of providing drivers with easy access to vehicles and mentioned that this investment will create earning opportunities for thousands of drivers across India. He also expressed Uber’s commitment to offering a valuable service experience to riders by adding new cars, including electric vehicles, to their platform.

This funding round will accelerate Everest Fleet’s transition from CNG-dominated fleet to one which includes EV vehicles as well Everest Fleet aims to have 10,000 electric vehicles by 2026 as part of its overall fleet Meanwhile, the funding marks Uber’s first inorganic investment in India Mumbai-based fleet-management company Everest Fleet has secured $20 Mn in a funding round led by ride-hailing major Uber. According to Siddharth Ladsariya, cofounder, Everest Fleet, this funding round will accelerate the company’s transition from being a CNG-dominated fleet to one with CNG and electric vehicles in the next five years. Everest Fleet aims to have 10,000 electric vehicles by 2026 as part of its overall fleet, Ladsariya added. Meanwhile, the funding marks Uber’s first inorganic investment in India. Founded in 2016, Everest Fleet claims to operate with over 10,000+ cars currently with presence across metro cities. Currently, it operates in seven cities including Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Kolkata, and Pune. However, the company plans to expand its footprint to other major Indian cities and new global territories using the fresh capital. 6th January, 2023 “Helping drivers get easy access to vehicles is a key priority for Uber and this investment will unlock earning opportunities for tens of thousands of drivers across India. Everest has grown its fleet at an impressive pace and has set new industry benchmarks in asset utilization. With the addition of new car...

Fleet supplier Everest Fleet has raised $20 million in a funding round led by Uber. Everest fleet operates in the shared mobility space in India and is an existing partner to leading ridesharing companies like Uber and Ola. The funding will enable Everest Fleet to expand its operations and grow the overall supply pool available for the ridesharing industry where demand continues to outstrip vehicle supply. "This funding round will accelerate our transition from being a CNG-dominated fleet to one with CNG and electric vehicles in the next 5 years. By 2026, we aim to have 10,000 electric vehicles as part of our overall fleet. With continued scale up of our operations, we aim to offer a rewarding driver partner proposition while helping our partners deliver a superlative experience to their customers," said Siddharth Ladsariya, co-founder, Everest Fleet. As per the company, with this investment, Everest will expand its footprint to other major Indian cities and new global territories. It also claimed that currently the company employs upwards of 10 thousand plus drivers and is present in 7 cities, including - Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Kolkata, and Pune. "Helping drivers get easy access to vehicles is a key priority for Uber and this investment will unlock earning opportunities for tens of thousands of drivers across India. Everest has grown its fleet at an impressive pace and has set new industry benchmarks in asset utilization. With the addition of new ca...