Routematic, a corporate transport solutions provider, has raised $40 million in a Series C funding round led by Fullerton Carbon Action Fund and Shift4Good.
The funds raised will be used to scale its corporate commute services, with plans to expand its fleet to over 10,000 vehicles across the top five cities by March 2026.
Founded in 2013 by Sriram Kannan and Kavitha Ramachandragowda, Routematic is an AI-driven corporate transport-as-a-service company, providing full-stack corporate commute services to over 300 corporates across 23 cities in India.
With its AI-powered SaaS platform, Routematic streamlines corporate transportation. Routematic also plans to establish city-level command centers to enable demand-responsive fleet management at scale, enhancing the employee commute experience while significantly reducing transportation costs for enterprises. Routematic is also planning to convert 30% of its fleet into EVs to help its clients achieve ESG goals.
Routematic claims to serve over 300,000 employees with 5 million trips in a month.
Sriram Kannan, Founder and CEO of Routematic said, “We are grateful for our investors’ trust as we drive the future of corporate transportation. This investment will enable us to capitalize on the growing demand and further strengthen our leadership in sustainable corporate mobility.”
Kavitha Ramachandragowda, Co-Founder and Executive Director, Routematic, said, “Our growth over the past few years has been fuelled by the dedication of our teams, the strength of our operations, and the unwavering trust of our customers, partners, and investors. Routematic has always believed in pushing boundaries, and this investment will enable us to scale new heights. We are committed to reimagining urban mobility with cutting-edge technology and sustainable practices. With AI at our core, we will continue to create safer, more efficient, and environmentally responsible commuting solutions that continue to empower our customers and stakeholders.”
Huck Khim Tan, Deputy CIO and Head of Alternatives at Fullerton Fund Management, said, “Routematic is an established, market leading, profitable and fast-growing business within the transportation and urban mobility space in India, solving critical challenges and helping accelerate decarbonization through reduction in number of daily trips and adoption of electric vehicles. We believe Routematic has successfully scaled through a unique, capital-efficient, and services-driven business model, delivering automated solutions to a diverse customer base ranging from large enterprises to small businesses. We are excited to support Routematic in their next phase of growth. I am thankful to our team, especially Akhil Jain who has been working with Sriram and Kavitha to make this happen.”
Sebastien Guillaud, Co-Founder and Managing Partner, Shift4Good, said, “We’re backing Routematic because they’ve built what most players in this space only talk about — a truly intelligent, scalable platform. Their AI-driven engine automates demand-supply matching, dynamic routing, and dispatch in real time, unlocking massive operational efficiency and measurable ESG outcomes. In a sector that’s traditionally low-tech and fragmented, Sriram, Kavitha and their team are setting a new benchmark. We’re proud to support them as they accelerate growth and EV adoption across India.”
