Mitra EV delivers a fully managed fleet-electrification service that bundles vehicle leasing from OEMs such as GM, Ford, and Mercedes-Benz with overnight depot charging and access to a growing network of shared DC fast-charging hubs. Targeting the small- and mid-sized businesses that comprise 99% of U.S. fleet operators, the platform promises immediate operating-cost reductions of up to 70-75% by lowering fuel and maintenance expenses. Mitra’s model is capital-efficient for customers, requiring no upfront spend while guaranteeing cost savings from day one. The company is vehicle- and charger-agnostic, enabling flexible, future-proof deployments without locking fleets into a single hardware provider. Recent launches include the nation’s first shared DC fast-charging hub network designed for urban commercial fleets, addressing charging access constraints in dense markets. Proceeds from its latest financing will fund expansion of this charging network, additional vehicle deployments, and entry into new geographic markets. Although the article does not disclose revenue or user counts, Mitra emphasizes quick payback periods and measurable ROI for fleet customers.

Total raised

$27M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2026