Fullfily

Fullfily

Online platform providing electric delivery vehicle rental services

Founded

2021

Headquarters

Chennai (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91 72002 00270

Fullfily is a fast-growing Indian logistics company specializing in sustainable, electric vehicle (EV)-powered delivery solutions.The company focuses on last-mile and middle-mile logistics for both B2B and B2C clients. Its core industry spans transport, logistics, supply chain, and warehousing, with a strong emphasis on reducing carbon emissions and logistics costs through a full-stack EV-as-a-service model.

Core Products and Services

  • EV-powered delivery (last-mile & middle-mile)

  • Fleet rental and EV infrastructure (charging, battery swapping)

  • Tech platform for order management, tracking, payments

  • Managed fleet 1,000+ vehicles; adding 200/month

Business Model & Revenue Streams

  • Revenue from subscriptions, per-order fees, fleet rentals, infrastructure services

  • $100K monthly recurring revenue (2023), targeting $1.5M/month within 12 months

  • Majority revenue from B2B (e-commerce, retail, food delivery), growing B2C

Top Clients & Partnerships

  • Key clients: Amazon, Flipkart, Zomato, Big Basket

  • Strategic partnerships: long-term contracts, joint ventures with e-commerce/food delivery majors

  • Client concentration risk present: diversification via new partners and cities

Future Outlook & Strategic Priorities

  • Growth: Expand fleet to 2,500 vehicles, enter more cities, scale EV infrastructure

  • Risks: Regulatory changes, macroeconomic factors, tech disruption

  • Focus: Multi-fold revenue growth, tech investment, profitable scaling

Key People

Ashok Viswanathan

Ranjith R

Key Metrics

Total Equity Funding

$1.78 Million

No. of Funding Rounds

4

Latest Funding Round

$98.3 K, Seed

as of April 18, 2024

Post Money Valuation

$6.54 Million

as of April 18, 2024

Funding Multiple

3.67×

as of April 18, 2024

Investors

LetsVenture

and 4 more

Employee Count

34

Similar Companies

Parkobot

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
April 18, 2024Seed$98.3 K$6.5 Million--She1K
July 8, 2023SeedSeed--- TNIFMC, SOSV, Accelerating Asia, 888vc, LetsVenture, Fateh Stones International, Angel List, Opencanvas
November 16, 2022 Seed$179.0 K$4.7 Million$261.0 K- Orbit Startups, SOSV
February 26, 2022 Seed$59.8 K$2.0 Million--Asset On Cloud Solutions

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