Private Equity Angel Investments
EV startup Fyn Mobility raises $2.5 M from Vijay Kedia, Rahul Bothra, Others
Chennai-based EV-as-a-service startup Fyn Mobility has raised USD 2.5 million in a funding round led by Vijay Kedia, Lloyd Balajadia and Rahul Bothra (Swiggy’s CFO). The company intends to use the newly raised funds to accelerate fleet growth, geographic footprint and expand its tech platform. It is also looking to expand internationally with a special focus on Southeast Asian markets.
Company website ↗ (opens in a new tab)
In Mar 2019, Fyn Mobility had attracted funding from BlueHill Capital.For FY24, Fyn Mobility had reported about INR 12 Cr in Operating Income and about INR 10 Cr in Net Loss.