Drivn secures up to $80 million from Nomura for electric bus, truck rollout

Drivn, a Gurugram based electric mobility startup, has secured financing commitments of up to $80 million from global financial services group Nomura. The funding will support the first phase of deploying close to 1,000 electric buses and trucks for inter city and heavy transport operations.

Founded in 2023 by Manav Bansal and Alpna Jain, Drivn operates a full stack platform that acquires, owns, and leases commercial electric vehicles. Its business model integrates asset leasing with a proprietary technology platform that manages charging infrastructure, battery lifecycle, fleet operations, and end of life processes.

The company focuses on serving inter city transport operators, logistics firms, and asset intensive industries. It follows an original equipment manufacturer agnostic approach to enable large scale fleet electrification. Drivn said its platform leverages operational data to improve asset utilisation, efficiency, and performance across sectors such as logistics, e commerce, cement, and steel.

Drivn is targeting the inter city and heavy trucking segments, which it sees as offering significant emissions reduction potential but remaining underserved by traditional financiers. The company said its model is designed to support hard to abate sectors in lowering Scope 3 emissions while contributing to national electric vehicle adoption goals.

By combining vehicle ownership with operational technology and data analytics, Drivn aims to position itself as a long term infrastructure partner in India’s transition towards zero emission commercial transport.

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