Electric mobility platform Drivn has secured financing commitments of up to $80 million from Japan’s Nomura to support the deployment of electric buses and trucks in India’s inter-city and heavy transport segments.
The funding will back Drivn’s Phase 1 rollout plan of nearly 1,000 electric buses and trucks by Q4 FY27, with deployments set to begin from February 2026, the company said in a statement.
Founded in 2025, Drivn operates an asset-owning model under which it acquires and leases electric buses and trucks on long-term contracts. The company is targeting inter-city transport and heavy trucking—segments that have seen limited access to traditional financing despite their potential for emissions reduction and operational efficiency.
The financing will also support the development of an integrated operating platform covering asset ownership, data-driven fleet management, charging infrastructure planning and lifecycle management.
“For electric mobility to scale in heavy transport, the solution has to go beyond vehicles and address capital intensity and operational risk,” said Manav Bansal, co-founder and chief executive officer of Drivn.
