PE-VC Fund Investments
Construction robotics startup Flo Mobility raises $2.5 M led by Mela Ventures, Arali
Economic Times Entrackr Flo Mobility
Bengaluru-based Flo Mobility has raised $2.5-M in a pre-Series A funding round co-led by Mela Ventures and Arali Ventures.Founded in 2021 by Manesh Jain and Pratik Patel, Flo Mobility builds physical AI and robotics solutions for the construction sector.The startup plans to use the funds to scale manufacturing, strengthen its AI and autonomy stack, expand deployments across India, and enter the Middle East.
In Dec 2021, Flo Mobility had attracted about USD 0.42 M from Blume Ventures and others.For FY25, Flo Mobility had reported about INR 1.42 Cr in Operating Income and about INR 1.69 Cr in Net Loss.
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