Parameswaran, who previously led Uber’s India operations, was promoted to the APAC function in 2020 on the peak of the pandemic.
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Based on folks within the know, Parameswaran would additionally lead Uber’s newly created ‘fleets’ group. Fleet operators are more and more turning into a key a part of the corporate’s provide base with an expectation that they may play an excellent bigger function with rollout of electrical automobiles and autonomous automobiles. He’ll transfer to New York to tackle the worldwide function.
A spokesperson for Uber confirmed the event.
Uber’s fleets technique assumes significance given its push in the direction of changing its whole fleet to electrical by 2040.
In India, Uber led a $20 million funding in its greatest fleet companion, Mumbai-based Everest Fleet – a deal during which Parameswaran performed a key function. ET was the primary to report about this funding in June 2023. The corporate additionally entered a partnership with Tata Motors by way of which Everest Fleet will purchase and deploy electrical automobiles on Uber’s platform.
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Uber additionally led a $100 million funding in March in African mobility fintech Moove, which affords automobile financing to ride-hailing and supply app drivers.Moove began its India operations in partnership with Uber, launching 5,000 CNG automobiles on the Uber platform in Hyderabad, Mumbai and Bengaluru with plans to scale to 30,000 automobiles over the subsequent 5 years.
Parameswaran additionally performed a task in Uber’s acquisitions of CarNextDoor in Australia and Hong Kong-based HKTaxi, in 2022 and 2021, respectively.
Parameswaran additionally serves on the board of FSN E-Commerce Ventures — the mother or father firm of omnichannel magnificence and trend retailer Nykaa — as an unbiased director.
At present, Uber’s India and South Asia operations are led by Prabhjeet Singh, who will proceed within the function.
