Drivn, a full-stack electric mobility platform focused on large commercial vehicles, has secured financing commitments of up to $80 million from Japan-based global financial services group Nomura.
The transaction is subject to documentation, final conditions, and may be upsized at a later stage, the company said in a statement.
Founded in 2025 in Gurugram, Drivn operates as a technology-driven platform that buys, owns, and leases electric buses and trucks under long-term contracts.
The company focuses on inter-city transport and heavy trucking, segments underserved by traditional financiers but with high potential for emission reduction and operational efficiency.
The funding, said Drivn, will help it deploy about 1,000 electric buses and trucks by Q4 FY2.
“For electric mobility to work at scale in heavy transport, the solution has to go beyond vehicles. It also has to address capital intensity, operational risk, and long-term reliability,” said Manav Bansal, co-founder and Chief Executive Officer at Drivn.
Meanwhile, Kushagra Pant, Managing Director and Head of Private Credit, Asia ex-Japan at Nomura, highlighted how from an energy transition perspective, heavy commercial transport represents the most high-impact leverage point for decarbonisation.
“Drivn stood out for us because it is not approaching this as a financing play alone, but as a long-term infrastructure platform that combines asset ownership, data, and operational discipline,” said Pant.
Aligned with the Indian government’s programmes promoting electric vehicles, Drivn helps cut emissions in tough sectors like logistics, cement, and steel.
The company also supports the country’s target of having 30% of vehicles electric by 2030 and is building itself as a long-term provider of zero-emission commercial transport.
In the latest Union Budget, the government also announced plans for rare earth corridors—special zones aimed at growing India’s own supply chain for essential EV minerals and components. This build‑out is meant to reduce dependence on imports, lower costs for electric vehicle production, and support the broader EV industry as it expands.
