Uber will keep pouring money into India even while posting losses, chief executive Dara Khosrowshahi told *livemint.com* on 18 May 2026, committing the company to an aggressive expansion in mobility, electric vehicles and bike taxis.
The pledge came during an interview in which Khosrowshahi said Uber has “innovated faster” than domestic rival Rapido, whose rapid growth in two-wheeler ride-hailing has forced Uber to sharpen its own bike-taxi play. He added that Uber is simultaneously lobbying regulators to open more Indian cities to commercial electric two-wheelers and is testing autonomous ride technology in select markets, according to *livemint.com*.
India is Uber’s largest market outside the United States by trip volume, yet the company has never turned an annual profit in the country. Rivals such as Ola and Rapido have raised $500 million and $200 million respectively in the past 18 months to scale bike taxis and EV fleets, pressuring Uber to match pace. Khosrowshahi’s promise of fresh capital signals that global investors still view India’s mobility market—projected by RedSeer to exceed $50 billion by 2028—as worth subsidising in the near term.
Uber’s next milestones are tied to regulatory clearances: it is awaiting Delhi and Bengaluru approvals to expand electric bike-taxi pilots beyond the current 5,000-vehicle cap by the third quarter, *livemint.com* reported. The company also plans to double its EV charging-station partnerships to 10,000 locations by December, a target analysts say will determine whether the renewed spending spree translates into market share gains.