Latest news with #Routematic
Hans India
2 days ago
- Business
- Hans India
Accelerating Climate Action: How Indian Innovators Are Driving Sustainability on World Environment Day
Bengaluru: As the world comes together to mark World Environment Day, a wave of climate-conscious leadership is rising in India. Visionary entrepreneurs and businesses across sectors are stepping up—not just with promises, but with action. Whether it's backing climate-tech innovation, embedding sustainability in manufacturing, or revolutionizing urban mobility, leaders are reimagining how business can be a force for environmental good. Their message is clear: real progress toward a net-zero future demands collaboration, innovation, and purpose-driven investment. Vasudha Madhavan, Founder & CEO of Ostara Advisors, emphasizes the role of climate-tech in driving systemic change. 'On this World Environment Day, we reaffirm our commitment to driving sustainable change by supporting innovative climate-tech companies. Our mission is to connect visionary entrepreneurs with the capital they need to build a greener, cleaner future for India and beyond, helping accelerate the journey to net zero. Together, through collaboration and conscious investment, we can speed up the transition to a low-carbon economy and create lasting environmental impact. Let's use this day to inspire action and embrace sustainability in small day-to-day choices we make in our lives.' For IDEMIA Secure Transactions (IST), sustainability is embedded into product design and operational processes. Matthew Foxton, India Regional President and Executive Vice President of Branding & Communications at IDEMIA Group, shares, 'At IDEMIA Secure Transactions (IST), environmental sustainability is thought into everything we do. On World Environment Day, we reaffirm our commitment to reducing environmental impact across our operations, from eco-designed products to improved manufacturing and service processes. Initiatives like GREENPAY and GREENCONNECT reflect how IST incorporates environmental considerations into secure payment and connectivity solutions. We follow a clear path: reduce, reuse and recycle, while partnering with responsible suppliers and driving resource efficiency across our value chain. At IST India, this commitment comes alive through energy-efficient practices, waste reduction, and community-driven initiatives.' In the mobility space, Routematic is leading efforts to reduce emissions through smarter corporate transport. Sriram Kannan, Founder & CEO of Routematic, notes, 'This World Environment Day, as the global focus sharpens on curbing pollution, we're reminded that sustainability must be embedded in every layer of business operations, including how we move people. With ESG goals reshaping corporate strategies, businesses are rethinking employee transport and Routematic is proud to lead this shift. As India's leading AI-driven Corporate Transport-as-a-Service provider, we combine AI-powered route optimization, shared mobility, and EV integration to reduce emissions and resource use. Serving 300,000+ users across 23 cities, and targeting 30% EV fleet adoption, we're building a corporate mobility ecosystem that's smart, responsible, and truly sustainable.' Together, these voices signal a transformative shift in how Indian businesses are approaching sustainability—through bold leadership, collaborative action, and innovative solutions that serve both planet and people.
Business Standard
28-05-2025
- Automotive
- Business Standard
Bosch posts PAT of Rs 554 crore in Q4; board OKs dividend of Rs 512/share
Bosch has reported 1.9% fall in net profit to Rs 553.7 crore despite a 16% increase in revenue from operations to Rs 4,910.6 crore in Q4 FY25 as compared with Q4 FY24. The company stated that the reduction in PAT is mainly on account of tax adjustments of earlier years and one-time exceptional items in PY. The growth in revenue was driven by growth in power solutions by 16.9%, mobility aftermarket business by 7.9%, 2-wheeler powersports by 21.4%. EBITDA improved by 16.1% to Rs 646.9 crore in Q4 FY25 from Rs 557.2 crore in Q4 FY24. The absolute growth in EBITDA is mainly driven by revenue growth and improvement in material cost. Profit before tax stood at Rs 778 crore in quarter four of FY 202425, which is an increase of 17.8% over the same quarter of previous year. For FY25, Bosch has registered a consolidated net profit of Rs 2,013 crore (down 19.2% YoY) and total revenue from operations of Rs 18,087 crore (up 8.1% YoY). Guruprasad Mudlapur, president of the Bosch Group in India, and managing director, Bosch, said: Amid a challenging business environment, we concluded FY24-25 with strong revenue growth and increased sales across businesses. Sustained demand in the off-highway and passenger car segments contributed to our performance this quarter. This development reflects our agility in adapting to dynamic market needs and our continuous focus on customer centricity. The board of directors of the company has recommended a final dividend of Rs 512 per share for the financial year 2024-25. In a strategic decision, Bosch has announced its decision to divest its 6.97% shareholding in Nivaata Systems, Bengaluru, Karnataka, India (Routematic). Bosch had invested in 2020 in Routematic with an aim to expand its digital offering in the office commute landscape. The goals of the investment have since been achieved by Bosch. Bosch in India is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology. Additionally, Bosch has in India the largest development center outside Germany, for end-to end engineering and technology solutions. The Bosch Group operates in India through twelve companies and Bosch Limited is the flagship company of the Bosch Group in India. The scrip fell 2.75% to end at Rs 31619.15 on the BSE today.
Entrepreneur
10-05-2025
- Business
- Entrepreneur
Investor Favorites This Week: Meet the Startups Making Headlines
The below startups secured the highest funding this week, leading the charts from May 03 to May 09. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's startup landscape buzzed with fresh activity this week as innovative ventures secured significant funding across logistics, mobility, wellness, femtech, and AI-driven consumer technology. The deals underscore a robust investor appetite for scalable, tech-forward solutions aimed at modern-day urban challenges and lifestyle transformation. Porter Funding Amount: USD 200 Million Investors: Kedaara Capital, Wellington Management, Vitruvian Partners Founded in 2014 by Pranav Goel, Uttam Digga, and Vikas Choudhary—all IIT alumni—Porter is a Bengaluru-based logistics platform that streamlines intra-city freight and delivery. The company offers a wide range of services, including on-demand mini-trucks, enterprise logistics, and household packers and movers. Porter serves both B2B and B2C segments, making city logistics faster, affordable, and tech-driven. Routematic Funding Amount: USD 40 Million Investors: Fullerton Carbon Action Fund, Shift4Good Bengaluru-based Routematic, founded in 2013, delivers AI-powered corporate mobility solutions. The platform integrates SaaS-based commute management with Transport-as-a-Service (TaaS), enabling real-time dispatch, automated routing, and effective demand-supply matching. Its solutions have proven to reduce operational costs and improve commuter safety for large organisations. The Good Bug Funding Amount: USD 12 Million Investors: Susquehanna Asia Venture Capital, Fireside Ventures Launched in 2022 by Keshav Biyani and Prabhu Karthikeyan, The Good Bug is a Mumbai-based gut health startup. Its offerings include synbiotics, probiotics, prebiotic fibers, and detox supplements, targeting common issues like bloating, constipation, and weight management. The brand taps into the growing demand for holistic wellness through science-backed nutrition. Posha Funding Amount: USD 8 Million Investors: Accel, Xeed Ventures, Waterbridge Ventures, Binny Bansal, Asha Jadeja Motwani, Samay Kohli, Akash Gupta Formerly known as Nymble, Bengaluru-based Posha was founded in 2016 by Raghav Gupta and Rohin Malhotra. The company offers an AI-enabled kitchen robot that automates home cooking. With camera and thermal sensors, it personalises recipes and prepares over 500 dishes across 10+ cuisines, giving busy families an effortless way to eat healthy and delicious meals. BlissClub Funding Amount: USD 5.3 Million Investors: Elevation Capital, Eight Roads Ventures, Alteria Capital Founded in 2020 by Minu Margeret, BlissClub is a Bengaluru-based D2C femtech brand. It focuses on "movewear" for women—an activewear-meets-lifestyle line that includes leggings, tops, outerwear, and travel wear. With performance and style at its core, the brand is building a loyal community of health-conscious women. As these startups gear up for their next phase of growth, this week's funding surge reflects the resilience and adaptability of India's innovation ecosystem, where bold ideas backed by capital continue to reshape the way we live, move, and consume.
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Business Standard
07-05-2025
- Automotive
- Business Standard
Bengaluru-based Routematic raises ₹340 cr, defies electric vehicle dip
Bengaluru-based Routematic, India's leading artificial intelligence-driven corporate transport-as-a-service player, which provides its services to over 300 companies, on Wednesday announced that it has secured ₹340 crore in a funding round led by Singapore-based Fullerton Carbon Action Fund and French green fund Shift4Good. Ostara Advisors, India's leading climate-technology investment banking firm, was the exclusive financial advisor to Routematic on this transaction. The move is important as it comes at a time when the app-based mobility space — both business-to-business (B2B) and business-to-consumer (B2C) — has been under a cloud, following the financial crisis and closure of BluSmart Mobility Services, which was based primarily on electric vehicles (EVs). Founded in 2013, Routematic provides a safe and predictable commute experience to over 300,000 employees, undertaking 5 million trips a month. India's employee transportation market is expected to reach $13.2 billion by 2030. Says Sriram Kannan, founder and chief executive officer of Routematic, 'With the new fundraise, we will be expanding to the top five cities in the country, which account for 85 per cent of the corporate transportation business. Currently, we are in Pune and Bengaluru; we will now expand to Hyderabad, Delhi, and Chennai.' Currently, 10 per cent of the fleet consists of EVs, but Kannan says demand is much higher. The plan is to increase the share of EVs to 30–35 per cent in a few years and shift to a fully electric fleet by 2028–30, in line with clients' plans to expand their green footprint. Kannan says the focus is on driving efficiency rather than just top-line growth, which has already helped the company achieve profit after tax. He says the corporate transportation business has two segments — B2B and B2C. The former is already valued at $4 billion annually in India, and Routematic currently holds only a 5 per cent market share. The goal is to increase this share to 20–25 per cent in three to five years through the fundraise. The company also has a presence in the B2C segment through its COCO Rides brand, for which it has allocated 15 per cent of the funds for expansion. 'We have already seen large campuses wanting to work with us, and we've landed a few large deals. So, COCO Rides is also projected to account for about 15–20 per cent of our total revenue over the next three to four years. COCO Rides is B2C, but you could also call it B2B2C (business-to-business-to-consumer),' he says. This market is estimated to be larger, at $14–16 billion per annum. Their strategy is differentiated from Ola's or Uber's in the B2C space. COCO Rides services are available only to customers who work in companies with which Routematic has a corporate transportation tie-up. Only these users can access the service through the app and pay directly for their rides. This model also increases the utilisation of Routematic's vehicle assets. The COCO model concentrates on high-volume areas, with partnerships including real estate majors such as Brookfield and information technology hub developers. Routematic had earlier raised roughly $6 million across previous investment rounds led by Blume Ventures, VAMM Ventures, and Bosch between 2015 and 2021.
The Hindu
07-05-2025
- Automotive
- The Hindu
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.
