Electric mobility startup Evera is preparing to massively scale its fleet, as it enters into advanced talks with Gensol Electric Vehicles to lease 1,000 electric cars. The relocation is an indication that Evera aims to expand its operations and increase its footprint in the competitive ride-hailing sector of the Indian market and underlines its intentions to invest in sustainable urban transportation. In case of its completion, the alliance may become a turning point in the development of the Indian market of electric cabs.

Vision and strategic opportunities

With a current fleet size of approximately 500 electric cabs, mostly Tata Tigor EVs, in the Delhi-NCR region, Evera is considering expanding its fleet size to more than three times with the lease agreement proposed to Gensol. The agreement would entail obtaining electric cars in Gensol’s own EV production division, which introduced its first electric vehicle, Genset, earlier this year. The vehicles will be shipped in stages during the course of the 12 months, so that Evera will be able to increase its presence in the markets and have a chance to open new cities.

Leasing of electric vehicles instead of buying them at once will enable Evera to expand fast without significant investment in capital expenditure. It also corresponds to the asset-light strategy of the startup, where the emphasis is put on the efficiency of operations and the quality of the provided services as opposed to the ownership of the vehicles. Sources are aware that the deal is in its last stages and may be announced officially within weeks.

Gensol Electric Vehicles is part of the Gensol Group, which has been in the news due to its entry into the EV manufacturing industry. In August 2025, the company launched its first electric vehicle, the Genset, which is aimed at fleet operators and commercial users. Gensol vehicles are affordable, performance-driven, and low-maintenance, meaning that they are specifically tailored to the nature of ride-hailing services such as Evera.

The strategic option of collaboration with Evera would provide Gensol with access to placing its vehicles in high-traffic, high-visibility locations. It also assists in testing its product in the field, which offers worthwhile data and input to improve on the next stages. In the case of Evera, the partnership would guarantee a consistent supply of EVs that can meet the needs of urban mobility through a manufacturer that has profound experience in clean energy solutions.

Funding and the growing market of electric vehicles

The ride-hailing industry in India is changing both startups and existing actors towards the pivot of electric mobility. The increasing costs of fuel, emission standards, and government subsidies have turned EVs into a more appealing alternative among fleet operators. Evera is a green taxi company created in 2019 that has established itself as an alternative to traditional cabs by providing zero-emission rides that prioritize the well-being of drivers and their customers.

The firm boasts of more than 1.5 million rides, and it has a presence in the Delhi-NCR, where it has established a faithful customer base. It offers charging infrastructure and maintenance to maintain a smooth business and has salaried drivers instead of gig workers. As a company planning to expand its fleet, Evera will serve a wider range of routes, minimize wait times, and enhance service delivery.

Evera secured a $7 million Series A round of funding with IAN Fund and Senvest Management leading, followed by LetsVenture and other angels. The capital is deployed to double its strength in technology, increase fleet size, and improve operational capabilities. The startup is also considering collaborating with corporate customers and government partners to provide special EV transportation.

The agreement with Gensol is also a subset of the larger Evera plan to develop a scalable and sustainable electric cab network. Delhi-NCR continues to be its main market, but the company is considering other metros like Bengaluru, Mumbai, and Hyderabad. It is also striving to incorporate the use of modern fleet management and front office features to make itself stand out in a saturated market.

Conclusion

The negotiations between Evera and Gensol to lease 1,000 electric cars are not just a business deal but a sign of the maturity of the Indian EV industry. This agreement would be a precedent in terms of the construction of electric fleets and their management in India. It emphasizes the significance of cooperation between mobility platforms and EV manufacturers, and the importance of strategic leasing in hastening adoption. To the urban commuters, it offers cleaner, quieter, and more dependable rides, which are driven by purpose and innovation.