Hala Mobility raises Rs 30 crore under Hala+ FOCO

Hala Mobility has raised Rs 30 crores in six months through its flagship Hala+ FOCO (Franchise Owned, Company Operated) model. 

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The firm will use the raised capital to deploy 6,000 electric vehicles (EVs) across multiple cities, driving sustainable mobility and inclusive economic growth. 

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.

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."

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 Rs 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.

Notably, Hala+ is now expanding to Kochi, Trivandrum, Chennai, Coimbatore, Mumbai, and Pune, with plans to deploy an additional 5,000 EVs. 

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.