Hala Mobility, an EV-as-a-service platform, has raised ₹51 crore in its pre-Series A funding round from the company’s founders, Srikanth Reddy and Snehith Reddy.
The round also saw participation from Phani Ramineni (founder of Previa Health), and Rohan Bajaj’s syndicate via Invstt, Sarthy Angels, Bestvantage Investments, and a network of high-net-worth individuals (HNIs) and family offices.
The newly raised funds will be used to expand its footprints to six new cities. Currently, Hala operates a fleet of 3,000 electric two-wheelers spread across Hyderabad, Bangalore, Chennai, Vizag, Vijayawada, and Guntur.
Hala Mobility also plans to expand its fleet in existing cities. The company plans to deploy 10,000 additional EVs by December 2025, advancing its mission to transform urban transportation with sustainable and eco-friendly solutions.
Previously, Hala Mobility raised $1 million in a pre-seed round from Magnifiq Securities in May 2022, followed by ₹1 crore in debt financing from Perpetuity Capital earlier this year.
“At Hala Mobility, we’re not just offering convenience but pushing for necessary change. This funding is a major milestone as we gear up to expand our EV fleet and extend our green mobility solutions to more cities. The support from our investors enables us to scale rapidly and drive the shift towards cleaner, more sustainable urban transportation across India. We believe the future of mobility has to be clean and efficient, and we’re here to drive that change,” said Srikanth Reddy, Co-founder of Hala Mobility.
“My investment in Hala Mobility is driven by our vision of transforming mobility through sustainable solutions and the development of a complete EV life cycle management software. This platform not only supports the current fleet expansion but also opens up future applications across the EV ecosystem. I’m committed to driving this innovation and leading the shift toward a greener, tech-driven future,” Phani Ramineni said.
Founded in 2020 by Srikanth Reddy, Snehith Reddy Meda, and Anand Pareek, Hala Mobility provides a tailored EV-as-a-service platform, primarily serving e-commerce companies and gig economy workers.
The startup’s platform supports e-commerce companies and gig workers and features an app that integrates EV, battery, and driver management, coupled with a robust fleet of electric two-wheelers. This setup ensures a 95% uptime guarantee and continuous service availability, setting a high standard for operational reliability.
Based in Hyderabad, Hala Mobility has already forged partnerships with major clients such as Bigbasket, Zomato, and Zepto. The company collaborates with 13 scooter manufacturers and eight battery suppliers, maintaining an extensive service network through its S3 stations that cater to both vehicle supply and maintenance needs.
