Chennai-based Fyn Mobility raises $2.5 million in a funding round led by investor Vijay Kedia, others

Electric mobility startup Fyn Mobility has raised $2.5 million (about Rs 20.7 crore) in a fresh funding round led by veteran investor Vijay Kedia, Philippines-based Lloyd Laboratories promoter Lloyd Balajadia, and Swiggy chief financial officer Rahul Bothra.

The Chennai-based EV-as-a-Service (EVaaS) company said the capital will be used to expand its electric-vehicle fleet, strengthen its technology stack, and launch its first overseas operations in Southeast Asia.

Fyn added that it is in advanced talks with growth-stage investors to raise an additional $10 million to deepen its international footprint and enhance its proprietary software platform.

What does Fyn Mobility do?

Operating a vertically integrated electric mobility platform, Fyn provides end-to-end EV fleet services aimed at trimming logistics costs for large enterprises. The startup claims its offering can cut logistics expenses by up to 20% through seamless fleet deployment and data-driven operational insights.

It already serves marquee customers such as Amazon, Flipkart, Blue Dart, and Porter, positioning the company strongly in India’s fast-growing last-mile delivery segment.