Hala Mobility, an electric vehicle startup, has raised ₹30 crores in capital over the past six months through its Hala+ FOCO (Franchise Owned, Company Operated) model.
The funds raised will be used to deploy 6,000 electric vehicles (EVs) across multiple cities, with 2,400 vehicles already deployed.
The initiative is designed to transform Self-Help Groups (SHGs) and micro-entrepreneurs into profitable EV operators. Through Hala+, participants receive vehicles, charging and swap infrastructure, financing, insurance, training, and real-time analytics, all integrated into a single platform. Each SHG cluster functions as a community-led enterprise, managing vehicles, riders, and recurring income, while promoting women-led businesses and strengthening local economies.
The FOCO model allows HNIs and Family Offices to invest directly in EV assets managed by Hala’s professional fleet and service network. With an Internal Rate of Return (IRR) of 25.1%, each ₹1 crore invested generates employment for over 200 riders, offsets nearly 400 tons of CO₂ annually, and contributes to Hala’s circular ecosystem, including refurbishment (Leven), recycling (Zyora), and battery remanufacturing (Energix).
In addition to Hala+, the company operates Hala One, a FOFO (Franchise Owned, Franchise Operated) model. Franchise partners can join the network for Rs 999 per vehicle per month and receive business development support, operational training, access to Cercle OS software, IoT dashboards, predictive maintenance, analytics, and uptime support.
Founded in 2020 by Srikanth Reddy, 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 company plans to expand its operations to six additional cities, including Kochi, Trivandrum, Chennai, Coimbatore, Mumbai, and Pune, with the aim to deploy an additional 5,000 electric vehicles. The expansion will involve partnerships with rural development departments, urban delivery companies, and green financing institutions.
Hala Mobility has raised ₹51 crore in its pre-Series A funding round from the company’s founders, Srikanth Reddy and Snehith Reddy.
Dr. Srikanth Reddy Kalakonda, Founder & CEO of Hala Mobility, said, “Hala+ represents the next evolution of sustainable entrepreneurship in India. We’re not just electrifying fleets, we’re electrifying livelihoods. Every investor who joins us becomes part of a powerful cycle of empowerment and clean mobility. With our integrated ecosystem, we are proving that sustainability and profitability can go hand in hand, creating measurable social impact while delivering strong financial returns. Our FOCO model ensures investors see transparency, utilization, and strong IRR while supporting local communities and the environment.”
