Bengaluru firm Routematic raises $40 mn from Fullerton Carbon Action Fund, Shift4Good
City-based Routematic, an AI-driven Corporate Transport-as-a-Service firm on Wednesday raised $40 million in Series C funding round led by Fullerton Carbon Action Fund and Shift4Good.
With its AI-powered SaaS platform already streamlining corporate transportation, Routematic's next phase focus would be on establishing city-level command centre and these hubs would enable demand-responsive fleet management at scale, enhancing the employee commute experience while significantly reducing transportation costs for enterprises. Routematic is also planning to convert 30% of its fleet into EVs to help its clients achieve ESG goals, said a release.
As per data shared by Routematic, India's employee transportation market is expected to reach $13.2 billion by 2030, driven by factors such as massive business growth in GCCs (global capability centres), focus on employee well-being, and sustainability.
Routematic has plans to capitalise on this momentum by scaling its corporate commute services, with plans to expand its fleet to over 10,000 vehicles across the top five cities by March 2026. Its enterprise mobility solutions currently support the work commute of over 300,000 employees, in five million trips in a month.
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