Hala Mobility raised Rs 51 crore in a pre-Series A round led by founders Srikanth Reddy and Snehith Reddy to expand its EV fleet and enter six new cities in India.

Nov 04, 2024•9 months ago

Amount Raised

₹510 Million

Round Type

series a

HyderabadFleet ManagementAutomotiveTransportation

Investors

Family OfficesNetwork Of High Net Worth IndividualsBestvantageSarthy AngelsRohan Bajaj SyndicatePhani RamineniSnehith ReddySrikanth Reddy

Description

Hala Mobility has raised Rs 51 crore (around $6 million) in its pre-Series A round to ramp up its EV fleet. The funds will help the firm expand its footprint across six additional cities in India, aiming for 10,000 new electric vehicles by December next year.

Company Information

Company

Hala Mobility

Location

Hyderabad, Telangana, India

About

Hala Mobility is an EV-as-a-Service platform that helps e-commerce companies and gig workers by providing a comprehensive fleet management app. Founded in 2020, it aims to revolutionize urban mobility with sustainable and eco-friendly electric vehicles. The company has a fleet of 3,000 electric two-wheelers and plans to expand with an additional 10,000 vehicles. It collaborates with major brands like Bigbasket, Zomato, and Zepto, while also engaging with multiple battery and scooter manufacturers.

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