Electrical business mobility startup Drivn’s Indian entity has raised Rs 45 crore, or about $4.7 million, in a seed funding spherical from Avaana Capital, in line with regulatory filings.

The fundraising comes a number of months after Drivn secured financing commitments of as much as $80 million from Japanese monetary providers group Nomura for the deployment of electrical buses and vehicles.

The board of Drivn’s Indian entity authorised the allotment of 33,98,792 compulsorily convertible desire shares, or CCPS, at a problem value of Rs 132.40 per share.

Avaana Capital invested the whole Rs 45 crore within the spherical. The filings mentioned the startup plans to make use of the contemporary capital to satisfy its enterprise necessities and for common company functions.

Based in June 2025 by Manav Bansal, Alpna Jain and Madhujeet Chimni, Gurugram-based Drivn Transition Personal Restricted is constructing an electric mobility platform targeted on business automobiles, providing automobile leasing, charging infrastructure, battery lifecycle administration and fleet operations.

In accordance with Drivn, it owns and leases electrical business automobiles, together with intercity buses and heavy-duty vehicles, as a part of its effort to handle financing, deployment and infrastructure necessities for fleet electrification.

Its leasing providing contains long-tenure leases, versatile cost buildings and working lease fashions. The startup additionally makes use of an in-house know-how platform to observe automobile and battery efficiency.

Following the most recent funding spherical, Singapore-based Drivn Transition PTE. LTD holds an 88.75% stake within the Indian entity. Avaana Capital holds 7.22%, whereas Bansal owns 4.03%, in line with the filings.

The Singapore entity has beforehand invested within the Indian enterprise, with authorities international investment information itemizing Drivn Transition PTE. LTD as an investor in Drivn Transition Personal Restricted.