Carrum Mobility Hits ₹233 Cr Revenue Running Fleets for Uber

Carrum Mobility, a Gurugram-based fleet operator, reported ₹233 Cr in operating revenue and a ₹6.5 Cr profit after tax in FY26, almost entirely by managing cars and drivers for Uber. The startup now runs 5,500 vehicles and has received $17 Mn in funding from Uber this year.

Karan Jain, who previously cofounded self-drive rental startup Revv, founded Carrum in 2024 after CarDekho acquired Revv in 2023. Conversations with former Uber colleagues convinced him that organised fleet management could become a major opportunity in India's ride-hailing market. Carrum says it is the country's largest supplier of Uber Black vehicles and has been profitable since its first month.

How the model works

Carrum supplies vehicles for Uber Go, Premium and Black, so it gets ride demand without building a customer-facing app. It targets drivers who want to earn from ride-hailing but cannot afford to buy or maintain a car. Its network includes more than 28,000 driver partners, and its fleet handles over 35,000 rides a day, or more than 1 Mn a month.

Uber Go vehicles make up an estimated 65–70% of the fleet, while Uber Black accounts for a little over 20% and roughly 28% of revenue. According to Jain, a Black vehicle generates about ₹1 Lakh a month, against ₹65,000 for a Go vehicle. Revenue is split roughly 60:40 between drivers and Carrum, which covers maintenance and financing, while drivers pay for fuel. Drivers also pay an onboarding fee. Carrum uses software for vehicle tracking, maintenance, onboarding and settlements, plus heat maps and login recommendations for drivers.

The concentration risk

Carrum aims to double revenue and profit in the current fiscal year and grow its fleet to 7,700 vehicles. But Uber is its biggest source of business, so any change in Uber's fleet requirements or commercial terms could hit the company directly. Rivals such as Everest Fleet, Uber India's largest fleet partner with over 23,500 vehicles, are also competing for the same demand.

Carrum has no plans to work with other ride-hailing platforms. It is looking at chauffeur-driven cars and employee transport instead. These would need new customers, new partnerships and a different operating approach, and Uber's presence in those segments could leave Carrum with the same dependency problem.