9NOVEMBER, 2025mobility and fleet management platforms in India with more than 18,000 vehicles of CNG, electric, and goods categories under its operations. The company is a good business partner of major ride-hailing platforms like Uber, Ola, and Rapido and its projects have reached important metros such as Mumbai, Delhi, Bengaluru, Hyderabad, and Chennai.Therefore, the fresh fund will be chiefly used to ramp up fleet operations, and working capital, and as a result, expedite the emission-free transition of the vehicles with the electric and CNG segments. Everest Fleet crossed the 1,000 crore revenue mark in FY24, growing more than two times year on year, and during the same period, it recorded a profit of 38 crore. Everest's investors include Uber, Paragon Partners, Artha Capital, and Rockstud Ventures, and it has raised over $57 million so far. As the largest fleet partner of Uber India and its third-largest globally, Everest Fleet is crucial in providing the reliability of Uber's operations and helping the company achieve its electrification goals.This investment is a clear indication of Uber's long-term strategy of supporting EV adoption and sustainable urban mobility and thus, strengthening the position of Everest Fleet as a significant facilitator in India's rapidly expanding fleet management and clean transportation ecosystem. UBER INVESTS $20M IN EVEREST FLEET TO EXPAND EV OPERATIONSUber India has deepened its collaboration with Mumbai-based fleet management startup Everest Fleet by a new $20 million (approximately 177 crore) investment, which is the second major funding of Uber within a year, thus reflecting their trust in the eventually playing a pivotal role of Everest Fleet in expanding sustainable mobility solutions across India.Everest Fleet that was founded in 2016 by Siddharth Ladsariya, has grown into one of the largest shared WELSPUN ENTERPRISES BAGS 3,145 CR MUMBAI WATER CONTRACTThe recent project acquisition by Welspun Enterprises Ltd is a significant step towards the need for urban water infrastructure development in India. The company has won a high-profile contract of designing, constructing and operating a 910 MLD water treatment facility at Panjrapur, Maharashtra, which is an important moment in ensuring water resilience and sustainability in Mumbai.The next plant will enable the Mumbai water supply network to be strengthened significantly, as Welspun Enterprises claims that the new plant will be equipped with superior and environmentally friendly technologies that will enhance efficiency in operations. The technology provider of the project is Veolia, which is the world leader in water management technologies and a partner of the company."The project valued at 3,145 crore includes comprehensive civil, mechanical, electrical and instrumentation works, along with the construction of a treated water sump and pumping station," the company stated.The gross contract value would comprise an operation and maintenance part of 1,156 crore without a provisional amount of 29 crore. The design-build phase will take a duration of 48 months, following which Welspun Enterprises shall operate and maintain the facility over the period of 15 years.This addition has brought the consolidated order book of WEL to 16,330 crore, and it is a further step towards establishing it as one of the top developers of infrastructure in India.Another significant finding of the project is the increased focus on the development of technology towards the public-private partnership and sustainable water management in the Indian infrastructure development environment.
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