Everest Fleet raises $20 mn to build capacity in Uber-led funding round

Car rental company Everest Fleet has closed a $20 million funding round led by Uber, the global ridesharing leader. Everest fleet operates in the shared mobility space in India and is an existing partner to leading ridesharing companies such as Uber and Ola.

The funding will enable Everest Fleet to expand its operations and grow the overall supply pool available for the ridesharing industry where demand continues to outstrip vehicle supply.