EVaaS startup Fyn Mobility raises $2.5 million, eyes global markets

Chennai-based Fyn Mobility has raised $2.5 million in a fresh funding round led by investor Vijay Kedia, Philippines-based Lloyd Laboratories promoter Lloyd Balajadia, and Swiggy chief financial officer Rahul Bothra.

The EV-as-a-service (EVaaS) startup plans to use the capital to expand its electric vehicle fleet, strengthen its tech stack, and foray into international markets, with a focus on Southeast Asia, the company said.

Fyn is already in talks with growth investors to raise a $10-million round for its international expansion and tech scaleup.


The startup said it works with blue-chip customers including Amazon, Flipkart, Blue Dart, and Porter, offering up to 20% logistics cost reduction, seamless fleet deployment, and data-driven operational insights.