Uber has officially announced a $10 million strategic investment in Carrum, an India-based vehicle fleet operator. This latest funding round brings Carrum's post-money valuation to $168 million.
Carrum is a fleet management company operating within the Indian market. The firm specializes in providing vehicles and fleet management services to ride-hailing platforms, playing a critical role in stabilizing the vehicle supply chain for mobility services.
Through this investment, Uber aims to optimize fleet operations and strengthen its vehicle supply chain across India. By leveraging Carrum's local expertise in fleet management, Uber seeks to enhance service quality on its ride-hailing platform and accelerate its market penetration throughout the region.