Uber invests $10M in Indian fleet operator Carrum at $168M valuation

Ride-hailing giant Uber has invested $10 million in Carrum Mobility, an Indian fleet management startup, in a Series B round that values Carrum at about $168 million. The deal signals Uber's intent to broaden its supply of vehicles and drivers in India's fast-growing mobility market by leaning on large fleet operators rather than owning fleets directly. Carrum provides fleet management services and technology to coordinate vehicles, drivers, and bookings for fleet operators, enabling scale, efficiency, and better asset utilization. Uber's investment comes as it expands its network of partner operators to meet rising demand in major Indian cities while navigating regulatory requirements and cost pressures. Industry observers say the move aligns with Uber's global approach of working with fleet partners to supplement in-house assets in markets where owning fleets is less cost-effective. The funding round also signals continued investor interest in India's mobility infrastructure and logistics technology sector amid urbanization and digitization. Details beyond the $10 million and the $168 million valuation were not disclosed. The deal underscores a trend of ride-hailing platforms partnering with fleet operators to scale operations across metros such as Mumbai, Delhi, Bengaluru, and Hyderabad.