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Time of India
17-05-2025
- Automotive
- Time of India
EVaaS startup Fyn Mobility raises $2.5 million, eyes global markets
Chennai-based Fyn Mobility has raised $2.5 million in a fresh funding round led by investor Vijay Kedia , Philippines-based Lloyd Laboratories promoter Lloyd Balajadia, and Swiggy chief financial officer Rahul Bothra . The EV-as-a-service ( EVaaS ) startup plans to use the capital to expand its electric vehicle fleet , strengthen its tech stack, and foray into international markets, with a focus on Southeast Asia, the company said. Fyn is already in talks with growth investors to raise a $10-million round for its international expansion and tech scaleup. The startup said it works with blue-chip customers including Amazon , Flipkart, Blue Dart , and Porter, offering up to 20% logistics cost reduction , seamless fleet deployment, and data-driven operational insights.
Economic Times
17-05-2025
- Automotive
- Economic Times
EVaaS startup Fyn Mobility raises $2.5 million, eyes global markets
Chennai-based Fyn Mobility has raised $2.5 million in a fresh funding round led by investor Vijay Kedia, Philippines-based Lloyd Laboratories promoter Lloyd Balajadia, and Swiggy chief financial officer Rahul Bothra. The EV-as-a-service (EVaaS) startup plans to use the capital to expand its electric vehicle fleet, strengthen its tech stack, and foray into international markets, with a focus on Southeast Asia, the company said. Fyn is already in talks with growth investors to raise a $10-million round for its international expansion and tech scaleup. The startup said it works with blue-chip customers including Amazon, Flipkart, Blue Dart, and Porter, offering up to 20% logistics cost reduction, seamless fleet deployment, and data-driven operational insights.
Time of India
17-05-2025
- Automotive
- Time of India
EVaaS startup Fyn Mobility raises $2.5 million, eyes global markets
Chennai-based Fyn Mobility has raised $2.5 million in a fresh funding round led by investor Vijay Kedia , Philippines-based Lloyd Laboratories promoter Lloyd Balajadia, and Swiggy chief financial officer Rahul Bothra . The EV-as-a-service ( EVaaS ) startup plans to use the capital to expand its electric vehicle fleet , strengthen its tech stack, and foray into international markets, with a focus on Southeast Asia, the company said. Fyn is already in talks with growth investors to raise a $10-million round for its international expansion and tech scaleup. The startup said it works with blue-chip customers including Amazon , Flipkart, Blue Dart , and Porter, offering up to 20% logistics cost reduction , seamless fleet deployment, and data-driven operational insights. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
The Hindu
16-05-2025
- Automotive
- The Hindu
EV-as-a-Service startup Fyn Mobility raises $2.5 million
Chennai headquartered Fyn Mobility, which operates India's largest fast charging fleet and has built India's first vertically integrated EV-as-a-Service (EVaaS) company, has raised $2.5 million in a fresh funding round. This round was led by Vijay Kedia (ace public market investor), Lloyd Balajadia (promoter of Philippines Pharma Major Lloyd Laboratories), and Rahul Bothra (Swiggy CFO). The firm intends to use this capital to accelerate fleet growth. A part of the funds will be used for expanding its geographic footprint and tech platform. 'We're building the future of mobility. Fyn's vision is to become the world's largest tech enabled supplier for the mobility sector. This has the potential to become larger than most of the aggregator and marketplace models in the market. Fyn is building out a unique and scalable business model which will redefine the mobility industry for good with a tech plus execution game at a fraction of the funding raised by other startups', said Visakh Sasikumar, Co-Founder and CEO of Fyn. With over 1,000 Electric Vehicles in the fleet, Fyn provides jobs to 1,500 people and plans to expand its fleet to over 10,000. The company has already achieved profitability in key cities like Bangalore, Chennai, and Hyderabad. Fyn's fleets are charged in just 15 minutes and turned around for deployment in under 30 minutes. The company works with blue-chip customers including Amazon, Flipkart, Blue Dart, and Porter, offering up to 20% logistics cost reduction and data-driven operational insights. Fyn is also gearing up for international expansion, with a focus on Southeast Asian markets. The firm is currently in discussions with growth investors to secure a $10 million funding round for international expansion and scaling up its technology.
