Hala Mobility, an EV-as-a-service platform, has raised ₹12.25 crore in equity and debt funding on Bharat Ke Super Founders, the entrepreneurial reality series streaming on Amazon MX Player.
The funding saw backing from Nitish Mittersain, Joint Managing Director and CEO, Nazara Technologies, and Dr Aarti Gupta, CIO, Anikarth Ventures. The round also saw participation from Recur Club, Thyrocare’s Dr A. Velumani, Aditya Singh of All In Capital, and LetsVenture’s Pranav Mahajani.
The funds raised will be used to accelerate its growth, which is driven by its proprietary HELIX framework and democratised FOCO model.
Founded in 2020 by Srikanth Reddy Kalakonda, Snehith Reddy Meda, and Anand Pareek, Hala Mobility provides an EV-as-a-service platform designed for e-commerce companies and gig workers.
It integrates vehicles, batteries, charging infrastructure, financing, and insurance under a single connected ecosystem. Its multi-vertical HELIX framework covers the entire EV value chain, from manufacturing and operations to analytics and recycling. The HELIX framework is an integrated approach spanning the EV value chain from manufacturing and operations to analytics and recycling, enabling end-to-end control and efficiency.
IT operates through Hala+, a FOCO (Franchise Owned, Company Operated) model and Hala One, a FOFO (Franchise Owned, Franchise Operated) model.
With revenues expected to rise from ₹22 crore in FY 24 25 to ₹92 crore in FY 25 26, alongside fleet expansion from 3,000 to 9,000 vehicles, an operational footprint growing from 6 to 9 cities, and team strength increasing from 106 to 292 people.
Hala Mobility has supported over 25,000 drivers to date, contributing to job creation and economic empowerment across India, while its expanding EV fleet has significantly reduced fuel consumption and carbon emissions.
Srikanth Reddy Kalakonda, Co-founder and CEO of Hala Mobility, said, “Our journey at Hala Mobility has always been about more than just electric vehicles; it is about creating access and dignity for the people who power India’s economy. The negotiation on stage was a testament to our team’s conviction. We are honored that the tycoons recognized our vision and chose to back us as we scale to 100,000 vehicles and beyond.”
Nitish Mittersain, Joint Managing Director and CEO, Nazara Technologies, said, “Hala Mobility is solving a critical infrastructure challenge in India’s burgeoning gig economy. Their ability to integrate technology with a purpose-driven operational model is what sets them apart. I am excited to support Srikanth and Snehith as they lead the EV revolution from the frontlines, creating both environmental impact and economic value.”
Eklavya Gupta, Co Founder, Recur Club, said, “What impressed me about Hala Mobility was solid unit economics, a scalable EV-as-a-service model, and founders who were resilient, and understand that long-term value is built through the right capital choices. This is how real businesses in Bharat get built by truest ‘Super Founders’.”
Dr Aarti Gupta, CIO, Anikarth Ventures, said, “Hala Mobility represents the kind of climate-first infrastructure India truly needs. They are not just deploying EVs; they are building a financially disciplined, tech-enabled backbone for livelihoods at scale. What convinced me was the founders’ clarity on capital efficiency, unit economics, and impact working together, not in conflict. This is how sustainable mobility becomes a durable business, not a subsidy-dependent experiment.”
