Evera Cabs

Evera Cabs has rapidly emerged as a disruptive force in India's electric vehicle (EV) ride-hailing sector, leveraging strategic acquisitions and sustainability-focused innovation to capture market share. The company operates under parent entity Prakriti E-Mobility, specializing in B2B corporate transport and B2C airport-centric mobility. Its zero-cancellation, surge-free pricing model and exclusive EV fleet position it as a premium alternative to conventional ride-hailing services.

Core Products and Services

• B2B Enterprise Solutions: Employee commute services for corporations, emphasizing carbon-footprint reduction.

• B2C Airport Mobility: App-based EV rides at Delhi’s Indira Gandhi International Airport (all terminals), featuring no-surge pricing and real-time tracking.

• Driver Empowerment: "DrivingNaari" initiative with inDrive to onboard women drivers (10% of new recruits post-BluSmart acquisition).

Business Model & Revenue Streams

• Revenue Model: Transaction-based fares from rides, with corporate contracts securing recurring B2B income.

• Ride Fares: Direct revenue from app-based bookings, especially airport transfers and intra-city commutes.

• Fleet Leasing & Management: Monetizing the EV fleet by leasing vehicles for airport operations and to corporate clients.

• Charging Services: Ancillary revenue from operating 43+ charging stations, including services for third-party EVs.

• Product Innovation: Investment in technology to enhance app experience, operational efficiency, and fleet management.

Top Clients & Partnerships

• Adani TotalEnergies: Strategic partnership for EV charging infrastructure, supporting over 200 charging points at Delhi airport.

• Mufin Green Finance: Provided $4 million in hybrid funding to fuel fleet expansion and operational growth.

• inDrive: Collaboration on the "DrivingNaari" initiative to recruit and empower women drivers.

• Corporate Clients: Multiple undisclosed multinational corporations utilize Evera for employee transportation, forming the core of its B2B revenue.

• Diversified User Base: Serves 12,000+ users, with multi-terminal presence at Delhi airport, reducing reliance on any single client or segment.

Future Outlook & Strategic Priorities

• Fleet Expansion: Targeting 1,000+ BluSmart-derived EVs by 2026; replicating Delhi airport model in Mumbai/Bengaluru.

• Tech Investment: AI-driven demand forecasting and dynamic pricing tools in development.

• Infrastructure: Scaling Adani charging hubs nationally to address "range anxiety”.

• Regulatory Uncertainty: Evolving EV subsidy policies and charging standards