Uber has made a fresh fleet operator investment in India, putting $10 million into Carrum Mobility at a valuation of $168 million. Carrum runs roughly 5,100 vehicles and stands as Uber’s largest fleet partner for its premium Uber Black service in the country. The deal signals continued confidence in asset-heavy mobility partners even as ride-hailing platforms typically prefer asset-light models.
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Originally reported by techcrunch.com.
