Drivn India raises $4.7 million seed funding from Avaana Capital

Electric commercial mobility startup Drivn’s Indian entity has raised Rs 45 crore, or $4.7 million, in a seed funding round led by Avaana Capital.

The fundraise comes a few months after Drivn received an $80 million commitment from Japanese financial services group Nomura in February 2026. The latest capital was raised by Drivn’s Indian operating entity, while its parent holding company is based in Singapore.

Singapore-based Drivn Transition PTE. LTD remains the majority shareholder in the Indian entity with an 88.75% stake. Avaana Capital holds a 7.22% stake, while co-founder and CEO Manav Bansal owns 4.03%.

What Drivn does

Founded in 2025 by Manav Bansal and Alpna Jain, Gurugram-based Drivn is building a full-stack electric mobility platform focused on large commercial vehicles.

The startup owns and leases electric intercity buses and heavy-duty trucks, while also offering fleet operations and other services for commercial fleet owners. It also provides charging infrastructure and battery lifecycle management solutions for businesses transitioning their commercial fleets to electric vehicles.

The company was still at a pre-revenue stage in FY26 and reported a loss of Rs 1.96 crore during the financial year, according to its regulatory filings. The fresh capital will be used to meet business requirements and for general corporate purposes.