Chennai-based electric mobility startup Fyn Mobility has raised $2.5 million, or approximately Rs 20.7 crore, in a new funding round. The round was led by well-known investor Vijay Kedia, along with Lloyd Balajadia, promoter of Philippines-based Lloyd Laboratories, and Swiggy’s CFO Rahul Bothra.
Fyn Mobility Plans For Growth
Fyn Mobility will use the fresh capital to expand its electric vehicle fleet, improve its technology platform, and begin operations outside India. The company plans to enter Southeast Asia soon, marking its first move into international markets.
More Funds Coming
Fyn is also in advanced discussions with several growth-stage investors to raise an additional $10 million. This funding will help the company grow further globally and upgrade its in-house software platform. The goal is to enhance operational efficiency and support larger clients with scalable solutions.
What Fyn Offers
Fyn Mobility operates a full-service electric vehicle platform under the EV-as-a-Service model. The startup provides businesses with complete EV fleet solutions designed to reduce logistics costs. It claims to cut delivery expenses by up to 20% using smart fleet deployment and data analytics.
Fyn is already working with well-known companies like Amazon, Flipkart, Blue Dart, and Porter. These partnerships show the growing demand for sustainable and cost-effective last-mile delivery services in India. With more businesses turning to electric vehicles, Fyn has positioned itself as a reliable and efficient partner in the logistics space.
Global Expansion Ahead
As the demand for green logistics grows worldwide, Fyn Mobility is setting its sights on international growth. By combining strong client relationships, smart technology, and cost-saving services, the company aims to make a strong entry into Southeast Asia and beyond.
Fyn Mobility’s latest funding round marks a key step in its journey to become a major player in global electric mobility, helping large enterprises go green while reducing delivery costs.
