Mitra EV, a commercial fleet electrification platform focused on delivering immediate operating cost savings to fleet operators without upfront costs, today announced a $27 million financing including equity funding from lead investor Ultra Capital and a credit facility from S2G Investments.

Mitra EV is a capital-efficient fleet electrification platform built for real-world operations. With no upfront capital required, Mitra delivers EV leasing, overnight charging, and access to a growing network of shared fast-charging hubs through a single, fully managed solution. By removing capital and operational friction, Mitra enables fleets to electrify faster-cutting operating costs by up to 70% while improving reliability, driver experience, and sustainability.

Mitra is vehicle- and charger-agnostic, working across a broad ecosystem of manufacturers and charging technology providers to give fleets flexible, future-proof electrification without being locked into a single OEM or infrastructure solution.