Fyn Mobility

Fyn Mobility

Online rental platform providing electric vehicles to delivery professionals

Founded

2013

Headquarters

Chennai (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91 - 9600019730

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.

Products & Services 

  • 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

Business Model & Revenue Streams

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.

Customer Segmentation

  • 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.

Growth Strategy

  • 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.

Key People

Visakh Sasikumar

Manu Iyer

Niroop Janardhanan

Key Metrics

Total Equity Funding

$5.57 Million

No. of Funding Rounds

6

Latest Funding Round

$2.5 Million, Seed

as of May 19, 2025

Post Money Valuation

$9.32 Million

as of March 4, 2022

Funding Multiple

1.67×

as of March 4, 2022

Investors

GAIL

and 6 more

Employee Count

127

Similar Companies

Baaz

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
May 19, 2025Seed$2.5 Million----
March 4, 2022Seed$1.6 Million$9.3 Million$184.0 K42.0xSiriusOne, Inflection Point Ventures, ZAR Partners, Vista Business Ventures, Nanavati Family Office, Beacon Trusteeship, Reysera Venture, Neev, Neelanchal Edifice, Sattva Group, Sincere Syndication
March 16, 2019Seed$822.0 K$4.1 Million$94.7 K34.8xVnete Consultancy, GAIL, Vnete Consultancy
March 16, 2019Seed $227.0 K$2.5 Million$80.0 K28.4x Genesis IT Innovations
January 27, 2017Seed $241.0 K$2.2 Million$6.5 K311.2x UBA, Kubos

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