Drivn Secures $80M from Nomura Holdings for India EV Rollout
Analysis based on 8 articles · First reported Feb 02, 2026 · Last updated Feb 04, 2026
The financing for Drivn is expected to positively impact the electric vehicle market in India, particularly in the commercial transport sector, by accelerating the deployment of electric buses and trucks. This will also benefit related industries like logistics, cement, and steel by enabling their transition to zero-emission transport.
Drivn, an electric mobility platform based in Gurugram, has secured financing commitments of up to $80 million from the global financial services group Nomura Holdings. This capital, structured as senior secured debt with an equity component, will be deployed in two tranches to support the Phase 1 rollout of nearly 1,000 electric buses and trucks across India's inter-city transport and heavy trucking segments. Founded in 2025 by Manav Bansal and Alpna Jain, Drivn operates an asset ownership and leasing model, acquiring and leasing electric vehicles to transport operators and enterprises. The company's integrated technology stack supports end-to-end execution, including charging infrastructure planning, battery lifecycle management, and fleet operations. This initiative aligns with India's target of 30% electric vehicle penetration by 2030 and aims to decarbonize hard-to-abate sectors like logistics, cement, and steel. Drivn has also announced commercial partnerships with FreshBus, ZingBus, and Enviiiro, and a manufacturing deal with Murugappa Group===Montra Electric for electric trucks.
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