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EVaaS startup Fyn Mobility raises $2.5 million, led by Vijay Kedia and others, to expand its electric vehicle fleet and enter global markets.

PRIVATEMay 17, 2025

Amount Raised

$2.5 Million

Round Type

Seed

BengaluruTransportationAutomotiveLogisticsElectric VehicleFleet Management

Investors

Lloyd BalajadiaRahul BothraVijay Kedia

Description

Chennai-based Fyn Mobility has raised $2.5 million in a fresh funding round. The EV-as-a-service startup plans to use the capital to expand its electric vehicle fleet and strengthen its tech stack. The company is also looking to enter international markets, focusing on Southeast Asia.

Quick answer

Fyn Mobility raised $2.5 Million in a Seed round, dated May 17, 2025. Investors: Lloyd Balajadia, Rahul Bothra and Vijay Kedia. Fyn Mobility is based in Bengaluru, Karnataka, India.

How much did Fyn Mobility raise?
Fyn Mobility raised $2.5 Million in a Seed round on May 17, 2025.
Who invested in Fyn Mobility?
Lloyd Balajadia, Rahul Bothra and Vijay Kedia are named as investors in this round.
What does Fyn Mobility do?
Fyn is a young & vibrant Startup from IIT Madras.
Where is Fyn Mobility based and how big is it?
Fyn Mobility is based in Bengaluru, Karnataka, India. Fundz records about 127 employees.
Who are the decision-makers at Fyn Mobility?
Fundz holds 1 contact at Fyn Mobility. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Automotive around the same time

Companies in the same sectors as Fyn Mobility that raised within 45 days of this round, from Fundz verified event records.

  • PetroApp raised $50M (Funding Round) on June 30, 2025.
  • DriverShaab raised $330K (Pre-Series A) on April 3, 2025.
  • Ola Electric raised an undisclosed amount (Funding Round) on May 20, 2025.
  • Freight Technologies raised $1M (Seed) on May 2, 2025.
  • EKA Mobility raised $23M (Convertible Note) on June 28, 2025.
  • Nowlun raised $600K (Seed) on June 24, 2025.

Who to call at Fyn Mobility, and when

A new round usually means Fyn Mobility is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Fyn Mobility raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Fyn Mobility, from your own LinkedIn network

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Company Information

Company

Fyn Mobility

Location

Bengaluru, Karnataka, India

About

Fyn is a young & vibrant Startup from IIT Madras. We started out our journey as EV manufacturers and eventually moved to EV-As-A-Service to power the fleets of the various Delivery agglomerates, from Large E-commerce, Small businesses to the F&B sector we cater to all your Last-Mile delivery needs. With our experience in building EVs to deploying our vehicles to assist the various fleets, we were able to understand each step involved in the EV Logistics ecosystem. Fyn aims to be the biggest vertically integrated EV ecosystem platform.

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Fyn Mobility raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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