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Uber invests $10M in Carrum Mobility at $168M valuation as fleet operators become core supply strategy
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Uber invested $10 million in Carrum Mobility's Series B round at a $168 million post-money valuation, up from $63 million after Uber's previous $7 million investment in January, giving Uber a mid-teens stake in the Indian fleet operator that manages 5,100 vehicles and 18,000 drivers.
Uber's investment signals a strategic shift toward large fleet operators rather than individual drivers for vehicle supply, particularly for premium services, Uber Black in India operates exclusively through fleet partners. The model, where operators own vehicles and recruit drivers, could reshape how ride-hailing platforms manage supply quality and scale, and Uber says this preference is becoming part of its supply strategy in other markets.
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Carrum operates 5,100 vehicles across six Indian cities and is Uber's largest fleet partner for Uber Black, with plans to more than double its fleet to 11,000 vehicles within 12 months.
Uber now owns a mid-teens stake in Carrum after this $10M Series B investment, which valued the company at $168M post-money, up from $63M in January.
Uber's preference for fleet operators has become part of its supply strategy beyond India, and Carrum aims to eventually become a global fleet partner for Uber.
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