Chennai-based Fyn Mobility operates India’s largest fleet of fast charging vehicles and establishes India’s first vertically integrated EV-AS-Service (EVAAS) company, which has raised $2.5 million in a new funding round. The round was led by Vijay Kedia (ACE public market investor), Lloyd Balajadia (Pharma Pharma Major Lloyd Laboratories in the Philippines) and Rahul Bothra (Swiggy CFO). The company intends to use this capital to accelerate fleet growth. A portion of the funding will be used to expand its geographical footprint and technology platform.
“We are building a future for mobility. Fyn’s vision is to be the supplier of the world’s largest technology supplier. This may become bigger than most of the aggregators and market models on the market. Fyn is building a unique and scalable business model that will be good at using the company’s technology in other businesses, allowing other efficient staff to reuse the industry, thus allowing other people’s executives to inspire their effectiveness in the campaign, thus enabling both the effectiveness of their effectiveness, and the CEO of Fyn.
Fyn has more than 1,000 electric vehicles, providing jobs to 1,500 people and plans to expand its fleet to over 10,000. The company has already achieved profitability in major cities such as Bangalore, Chennai and Hyderabad. Fyn’s fleet was prosecuted in just 15 minutes and turned around to deploy within 30 minutes. The company works with blue chip clients including Amazon, Flipkart, Blue Dart and Porter to deliver up to 20% of logistics costs and data-driven operational insights.
Fyn also provides preparations for international expansion, focusing on the Southeast Asian market. The company is currently in discussions with growth investors to ensure international expansion and expand funding for its technology.
publishing – May 17, 2025 at 12:27 am
