Chennai-based Fyn Mobility has secured $2.5 million in a new funding round, backed by prominent investors including Vijay Kedia, Lloyd Balajadia—promoter of Philippines-based Lloyd Laboratories—and Swiggy CFO Rahul Bothra.
The EV-as-a-Service (EVaaS) startup plans to utilize the funds to grow its electric vehicle fleet, enhance its technology infrastructure, and venture into international markets, particularly in Southeast Asia.
Fyn is also in discussions with growth-stage investors to raise an additional $10 million to support its global expansion and technology advancement efforts.
“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.
The startup revealed that it partners with blue-chip clients such as Amazon, Flipkart, Blue Dart, and Porter, delivering up to 20% savings in logistics costs, efficient fleet deployment, and actionable, data-driven operational insights.
With its recent funding and a strong portfolio of enterprise clients, Fyn Mobility is poised to scale its operations, enhance its technology, and expand internationally. As it eyes new markets in Southeast Asia and beyond, the startup aims to redefine electric mobility through cost-efficient, tech-enabled logistics solutions.
