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Fyn Mobility secures $2.5 mn to drive global EV expansion
Inshorts
·
2m ago
Medial
Chennai-based EV-as-a-Service startup Fyn Mobility has raised $2.5 million from top investors to expand its 1,000-vehicle fleet, enhance tech, and enter Southeast Asia. With a focus on affordability, sustainability, and smart logistics, Fyn is revolutionising delivery with clean mobility solutions, impacting drivers, businesses, and cities alike.
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Zenergize, Citrus Freight, Cryptique, Fyn Mobility net early-stage funding
VCCircle
·
2m ago
Medial
Zenergize, Citrus Freight, Cryptique, and Fyn Mobility, early-stage startups in energy, logistics, analytics, and e-mobility respectively, have secured funding from venture capital firms and angel investors. Zenergize raised $2 million to enhance its EV charging solutions, Citrus Freight secured Rs 2.5 crore to improve its logistics platform, Cryptique attained funding for its Web3 analytics software, and Fyn Mobility received $2.5 million to grow its EV fleet and geographical reach.
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EVaaS startup Fyn Mobility raises $2.5 million, eyes global markets
Economic Times
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2m ago
Medial
Chennai-based Fyn Mobility has secured $2.5 million in funding led by key investors, with plans to enhance its electric vehicle fleet, strengthen technology, and expand internationally, particularly in Southeast Asia. The EV-as-a-service startup, already collaborating with blue-chip clients like Amazon and Flipkart, claims to offer significant logistics cost reductions and data-driven insights. Fyn is also in discussions for a $10-million funding round to support its growth and international ambitions.
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Startup news and updates: Daily roundup (May 16, 2025)
YourStory
·
2m ago
Medial
Zeuron.ai is advancing cognitive health through its MIMO console, combining gaming and neuroscience to aid brain functions. Meanwhile, Flipkart has driven a 20% sales growth for Walmart's advertising business this quarter, contributing to a rise in global net sales. Fyn Mobility secured $2.5 million for fleet expansion and venturing into Southeast Asia. Additionally, Shiprocket introduced India's first AI-integrated MCP server to streamline e-commerce shipping, enhancing operational efficiency and security.
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Zetwerk secures order from Indian Oil for 1,400+ EV chargers
Thehindubusinessline
·
1y ago
Medial
Zetwerk has secured an order with Indian Oil Corporation (IOCL) to install over 1,400 electric vehicle (EV) fast chargers across India. This partnership helps IOCL advance its goal of becoming a comprehensive energy solutions provider, investing in emerging mobility trends like EVs. Zetwerk will set up 50-60 kW and 100-120 kW DC Dual gun CCS2 DC Chargers, enabling simultaneous charging of two vehicles. By strategically locating these chargers in major cities, Zetwerk aims to drive widespread adoption of EV mobility and contribute to a sustainable future.
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Alt Mobility Nets $6 Mn To Scale Its EV Asset Management Platform
Inc42
·
1y ago
Medial
Alt Mobility, a startup focused on EV fleet adoption through asset management, has raised $6 million in a Pre-Series A funding round. Co-led by Shell Ventures, Eurazeo, EV2 Ventures, and Twynam, the funding will be used to expand the engineering team for the company's EV asset management platform FleetOS. Alt Mobility also plans to launch new verticals for fleets, including drive-to-own models, parametric insurance, fleet depots, and battery refurbishment units. The startup aims to achieve an AUM of $100 million in the next two years and become the largest proprietary EV fleet provider in India by 2025.
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EV charging startup IPEC bags $3 Mn from Gruhas
Entrackr
·
3m ago
Medial
EV charging startup IPEC has secured an investment of $3 million from Nikhil Kamath and Abhijeet Pai’s Gruhas. The proceeds will be used to strengthen its aim to consolidate its leadership status in the EV charging sector and accelerate growth in the broader power electronics domain, IPEC said in a press release. IPEC was founded in 2017 by the MEHER Group, together with DEKI Electronics & Sungho Electronics, with Zohra Khan as its CEO. The platform offers a range of EV charging products that include private, portable, and public chargers as well as EV Connectors and Vehicle Charging Inlets. These products are fully compliant with various national and international standards and the latest localisation regulations, including the PM E-Drive and PLI Scheme. Beyond hardware, IPEC also offers Cloud-based Charging Management Systems (CMS) and a user-friendly mobile app for real-time control and insights. IPEC is an approved supplier to leading EV OEMs like Ather Energy, Bajaj Auto, Greaves (Ampere), and more. The Bengaluru-based company aspires to drive energy transition in e-mobility with intelligent, reliable, and cost-effective charging solutions at scale that address India’s specific needs and the rising demand for locally manufactured alternatives. IPEC claims to have witnessed a 40% growth in revenue in FY25 and anticipates doubling its revenue in FY26. The company also plans to expand its avenues and capabilities into global markets. It claims to have delivered over 1 million EV charging products to the top EV OEMs in India and is gearing up to expand its manufacturing capacities to 50,000 units per month.
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Vidyut raises $2.5 Mn to expand battery-as-a-service financing biz
Entrackr
·
4m ago
Medial
Snippets Vidyut raises $2.5 Mn to expand battery-as-a-service financing biz Bengaluru-based full-stack electric vehicle (EV) ecosystem platform Vidyut has raised $2.5 million in funding from global fintech investor Flourish Ventures. To date, Vidyut has raised over $16.5 million from 3one4 Capital, Credit Saison, Flourish Ventures, Zephyr Peacock, Lighthouse Canton, and other prominent investors. The firm concluded its $10 million Series A round in February last year. The funding will fuel the expansion of Vidyut's battery-as-a-service (BaaS) offerings in both passenger and commercial EV segments. This investment reinforces Vidyut's mission to accelerate India's clean energy transition by making EV ownership accessible and affordable for SMBs, the company said in a press release. Founded in 2021 by ex-Swiggy and Bounce executives Xitij Kothi and Gaurav Srivastava, Vidyut revolutionized commercial EV financing. By unbundling batteries from EVs and offering them on a pay-per-km subscription basis, Vidyut reduced upfront three-wheeler (3W) EV costs by 35-40%, making them significantly cheaper than ICE vehicles from day one. In 2023, Vidyut expanded its offerings to include EV resale and lifecycle management solutions, a move that has seen rapid customer adoption and market traction. In September 2024, the company entered the passenger EV market through a partnership with JSW MG Motor India, marking India's first BaaS model for four-wheelers that cuts upfront vehicle costs by 30%. With key industry partners such as TATA Motors, JSW, MG Motor India, Mahindra Last Mile Mobility, Piaggio, and Euler Motors, along with a strong distribution network spanning 30 cities, Vidyut has enabled micro-entrepreneurs and fleet operators to embrace sustainable choices while boosting their earnings by 10-15% through EV adoption. "With proven unit economics, strong 15% month-on-month growth, and long-term OEM partnerships, this investment will help us scale our innovative financing and lifecycle solutions across new vehicle segments," said Xitij Kothi. The Bengaluru-based company also launched an EV resale platform for the three-wheeler commercial vehicle segment, which manages the entire process—from inspection and valuation to sale and RTO documentation. According to the company, this new platform has streamlined the resale process for commercial EV owners and has helped customers realize up to 10-15% higher returns than ICE counterparts in secondary markets. In the electric vehicle financing space, Vidyut competes with Revfin, Finayo, Mufin Green Finance, OTO, Evfin, and Hero FinCorp, among others.
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Emobility Startup ZEVO Nets $2 Mn From BizDateUp, Others
Inc42
·
9m ago
Medial
- New Delhi-based startup secures funding for technological upgrades and expansion - Plans to deploy over 5,000 electric vehicles across key locations - Focuses on expanding to new cities and strengthening presence in Tier II and III cities - Aims to provide sustainable mobility solutions to a larger audience - Previously received subsidies under the FAME scheme for EV makers - The FAME scheme expired in 2024
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BlueBinaries Secures INR 60 Cr For Mobility Tech Upgrade
Inc42
·
11m ago
Medial
BlueBinaries, a startup specializing in solutions and services for the mobility industry, has secured an investment to support its global expansion plans. The funding will allow the company to enhance its existing customer base of OEMs and Tier 1 automotive suppliers and develop technological solutions. BlueBinaries was founded in 2017 and offers services such as Vehicle Engineering & Systems Development.
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Vecmocon Technologies Secures $18M to Boost Global EV Innovation
StartupTalky
·
1m ago
Medial
Vecmocon Technologies, an electric mobility solutions provider, secured $18 million in a Series A funding round led by Ecosystem Integrity Fund, with support from Blume Ventures and Aavishkaar Capital. The funds will enhance research and development for connected electric vehicle platforms, promote sustainable transportation, and address both Indian and global market needs. Founded in 2016 and incubated at IIT Delhi, Vecmocon aims to revolutionize EV intelligence and expand its reach to international markets.
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