2013
Chennai (India)
Seed
FYN Mobility is a leading Indian electric mobility and logistics solutions provider. FYN Mobility has evolved from an electric vehicle (EV) manufacturer to a full-stack EV-as-a-Service (EVaaS) platform. The company’s mission is to revolutionize last-mile logistics by making every delivery sustainable, efficient and data-driven.
EV Fleet Leasing: Flexible leasing of electric two- and three-wheelers for last-mile logistics and delivery businesses.
Integrated Logistics Solutions: End-to-end service including vehicle, driver, maintenance, charging and tech support for seamless operations.
Rapid Charging & Deployment: 15-minute full charge and 30-minute redeployment for maximum fleet utilization and efficiency.
Data-Driven Fleet Management: Real-time tracking, analytics and operational insights to optimize logistics and reduce costs.
Custom EV Solutions: Tailored electric mobility solutions for enterprises, SMEs and e-commerce platforms
FYN Mobility operates a B2B-focused, service-driven business model built around the EV-as-a-Service (EVaaS) paradigm:
EV Fleet Leasing & Subscription: Primary revenue from leasing electric two- and three-wheelers to enterprises and SMEs for last-mile delivery, food, grocery and courier services on flexible subscription models.
Integrated Logistics Services: Provides bundled services including driver supply, maintenance, charging infrastructure and tech support, generating additional service fees.
Data-Driven Platform Fees: Monetizes its proprietary tech stack by offering real-time fleet tracking, operational analytics and optimization tools to clients, often as a value-added service.
Fleet Management & Maintenance: Charges for ongoing vehicle maintenance, battery management and rapid charging services, ensuring high uptime and reliability.
Custom Solutions & Consulting: Offers tailored EV logistics solutions for large enterprise clients, including route planning, deployment strategy and sustainability consulting.
B2B: E-commerce giants, food delivery platforms, courier companies and SMEs seeking sustainable, cost-effective last-mile solutions.
Enterprise Clients: Amazon, Flipkart, Blue Dart, Porter and other large-scale logistics users.
Fleet Expansion: Scaling from 1,000 to 10,000 EVs to meet surging demand in India’s last-mile delivery sector.
Technology Enhancement: Investing in proprietary software, rapid charging and fleet management tools for superior operational efficiency.
Geographic & International Expansion: Entering new Indian cities and launching operations in Southeast Asia to tap into emerging EV logistics markets.
Strategic Partnerships: Collaborating with investors, OEMs and technology partners to accelerate growth and innovation.
Sustainability Leadership: Focusing on carbon emission reduction and supporting green logistics for clients.
$5.57 Million
6
$2.5 Million, Seed
as of May 19, 2025
$9.32 Million
as of March 4, 2022
1.67×
as of March 4, 2022
GAIL
and 6 more127
Baaz
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Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
May 19, 2025 | Seed | $2.5 Million | - | - | - | - |
March 4, 2022 | Seed | $1.6 Million | $9.3 Million | $184.0 K | 42.0x | SiriusOne, Inflection Point Ventures, ZAR Partners, Vista Business Ventures, Nanavati Family Office, Beacon Trusteeship, Reysera Venture, Neev, Neelanchal Edifice, Sattva Group, Sincere Syndication |
March 16, 2019 | Seed | $822.0 K | $4.1 Million | $94.7 K | 34.8x | Vnete Consultancy, GAIL, Vnete Consultancy |
March 16, 2019 | Seed | $227.0 K | $2.5 Million | $80.0 K | 28.4x | Genesis IT Innovations |
January 27, 2017 | Seed | $241.0 K | $2.2 Million | $6.5 K | 311.2x | UBA, Kubos |