• Fyn Mobility raises $2.5 million led by investor Vijay Kedia and others.
• Capital will be used to grow the electric vehicle fleet and launch operations in Southeast Asia.
• Fyn's services can reduce logistics costs for enterprises by up to 20%.

Chennai-based electric mobility startup Fyn Mobility has successfully raised $2.5 million (approximately Rs 20.7 crore) in a recent funding round. This round was spearheaded by seasoned investor Vijay Kedia, along with contributions from Lloyd Balajadia, the promoter of Philippines-based Lloyd Laboratories, and Rahul Bothra, the Chief Financial Officer of Swiggy.

The funds raised will be utilized to expand Fyn Mobility's electric vehicle fleet, enhance its technology infrastructure, and initiate its first international operations in Southeast Asia. The company is also in advanced discussions with growth-stage investors to secure an additional $10 million, which will further bolster its global presence and improve its proprietary software platform.

What Does Fyn Mobility Offer?

Fyn Mobility operates a vertically integrated electric mobility platform that provides comprehensive EV fleet services designed to reduce logistics costs for large enterprises. The startup claims that its solutions can lower logistics expenses by as much as 20% through efficient fleet deployment and data-driven operational insights.

Fyn Mobility has already established a strong foothold in India’s rapidly expanding last-mile delivery sector, serving prominent clients such as Amazon, Flipkart, Blue Dart, and Porter. This strategic positioning not only highlights the company's capabilities but also underscores its potential for growth in the electric mobility market. As the demand for sustainable transportation solutions continues to rise, Fyn Mobility is well-equipped to capitalize on emerging opportunities in both domestic and international markets.