News, 22 May 2025
Fyn Mobility, an electric mobility startup located in Chennai, has announced a $2.5 million funding round led by investors Vijay Kedia, Lloyd Balajadia, and Rahul Bothra. The EV-as-a-Service (EVaaS) company intends to allocate the funds towards expanding its electric vehicle fleet, enhancing its technological capabilities, and launching its initial overseas operations in Southeast Asia.
Fyn Mobility operates a vertically integrated platform that offers end-to-end EV fleet services, helping large enterprises reduce logistics costs. Fyn states that its services can reduce these costs by as much as 20% through efficient fleet management and data-analyzed operational insights. The company, which already serves clients like Amazon and Flipkart, is also in talks to secure an additional $10 million to grow internationally and improve its software platform.
About Fyn Mobility
Fyn Mobility, founded in 2013 and based in Chennai, India, operates an online rental platform providing electric vehicles to delivery professionals . They offer last-mile logistics solutions for businesses, e-commerce, and food delivery services. Visakh Sasikumar is the CEO of Fyn Mobility.
