Routematic secures $40 million in Series C funding led by Fullerton Carbon Action Fund to expand its fleet and develop its AI-powered platform.

May 07, 2025•7 months ago

Amount Raised

$40 Million

Round Type

series c

BengaluruLogisticsTransportation

Investors

Shift4 GoodFullerton Carbon Action Fund

Description

Routematic, an AI-driven corporate transport service, has raised $40 million in Series C funding. The investment will help expand its fleet and enhance its AI platform. The company aims to convert a portion of its fleet to electric vehicles. This move supports their goal of efficient and environmentally responsible commuting solutions.

Company Information

Company

Routematic

Location

Bengaluru, Karnataka, India

About

Routematic is an AI-driven corporate transport service operating in 23 Indian cities, founded in 2013. The company focuses on the growing employee transportation market in India, facilitating over 5 million trips each month for over 300,000 employees. Routematic aims to expand its fleet and convert a portion of it to electric vehicles, providing efficient and environmentally responsible commuting solutions. Their AI-powered platform automates demand-supply matching, dynamic routing, and dispatch in real-time, enhancing operational efficiency.

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