Angel Investments
EV rental platform Hala Mobility gets Rs.12.25 Cr from Nazara Tech CEO, others
Hyderabad-based electric vehicle (EV) startup Hala Mobility has raised INR 12.25 crore in a mix of equity and debt funding led by Nitish Mittersain, chief executive officer of Nazara Technologies, Aarti Gupta of Anikarth Ventures, Thyrocare founder A Velumani, Aditya Singh of All In Capital, and Pranav Mahajani of LetsVenture.Founded in 2020 by Srikanth Reddy, Snehith Reddy Meda, and Anand Pareek, Hala Mobility operates as an electric vehicle-as-a-service platform, providing a range of electric vehicle options for rent, lease, or purchase.
In May 2022, Hala Mobility had attracted about USD 1 M from Magnifiq.For FY24, Hala Mobility had reported about INR 10 Cr in Operating Income and about INR 7 Lakhs in PAT.
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