DrivN Secures USD 80 Mn Financing Commitment From Nomura

Drivn, a full-stack electric mobility platform focused on large commercial vehicles, secured financing commitments of up to USD 80 million from Nomura on 2nd February 2026 to support deployment of electric buses and trucks across India's inter-city and heavy transport segments. The funding from Nomura, the global financial services group, is subject to documentation and final conditions and a further upsize from time to time.

The capital will support Drivn's Phase 1 deployment plan targeting approximately 1,000 electric buses and trucks by Q4 FY27, with deployments commencing from February 2026.

Founded in 2025, Drivn operates as a technology-first, asset-owning 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 that remain underserved by traditional financiers despite offering high potential for emissions reduction and operational efficiency.

The platform is designed to enable the transition of inter-city buses and heavy trucks from diesel to electric through an asset-backed, data-driven model focused on long-term deployment and operational reliability.

Drivn has entered the market with strategic memorandums of understanding across the electric mobility ecosystem spanning bus and logistics operators, vehicle manufacturers, charging and energy service providers, and maintenance partners. These partnerships aim to enable coordinated asset deployment, charging readiness, uptime assurance, and long-term operating reliability.

Manav Bansal, Co-Founder and Chief Executive Officer, Drivn, said, "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."

Alpna Jain, Co-Founder and Chief Business Officer added, "This financing allows us to build an integrated operating model, where our partners can run electric buses and trucks optimising their balance-sheets, and where performance, uptime, and lifecycle outcomes are engineered into the system from day one."

Kushagra Pant, Managing Director and Head of Private Credit, Asia ex-Japan at Nomura, said, "From an energy transition perspective, heavy commercial transport represents the most high-impact leverage point for decarbonization. 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. We see strong potential in this model to scale India's electric corridors while generating durable, infrastructure-grade returns."

The platform is aligned with national initiatives of FAME and PM-eBus Sewa. Drivn's model enables Scope 3 emissions reduction for hard-to-abate sectors including logistics, cement, and steel, while supporting India's target of 30% electric vehicle penetration by 2030.

The company combines asset ownership with operational and data discipline, positioning itself as a long-term infrastructure provider for India's transition to zero-emission commercial transport.

Drivn acquires, owns, and leases electric buses and trucks, supported by an integrated tech stack model that includes planning charging infrastructure, battery lifecycle management, fleet operations, and end-of-life solutions. Its OEM-agnostic approach is purpose-built for inter-city transport operators, logistics providers, and asset-intensive industries transitioning to electric fleets at scale.

Backed by global institutional investors, Drivn combines institutional capital with deep tech capability. Its proprietary platform and on-ground operating data better asset utilisation, efficiency, and performance that large fleets demand, supporting customers across sectors such as inter-city bus transportation, logistics, ecommerce, cement, and steel.