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Hala Mobility, an electric vehicle (EV)-as-a-service startup based in Hyderabad, has successfully raised Rs 51 crore in its pre-Series A funding round. The funding round, which includes a
Hala Mobility, an electric vehicle (EV)-as-a-service startup based in Hyderabad, has successfully raised Rs 51 crore in its pre-Series A funding round. The funding round, which includes a mix of debt and equity, was led by the startup’s founders—Srikanth Reddy, Snehith Reddy, and Anand Pareek—as well as Phani Ramineni, the founder of Previa Health. Other investors included the Rohan Bajaj syndicate through Invstt, Sarthy Angels, Bestvantage, and a network of high-net-worth individuals (HNIs) and family offices.
With a vision to revolutionize the EV landscape in India, Hala Mobility plans to use this new capital to expand its operations and fleet, furthering its goal of providing sustainable, eco-friendly transportation solutions.
Hala Mobility is an electric vehicle-as-a-service platform that caters mainly to e-commerce companies and gig economy workers. Founded in 2020, Hala offers an end-to-end solution for EV fleet management, including vehicles, batteries, and drivers. The platform ensures a 95% uptime guarantee and provides 24/7 service availability, making it an ideal partner for delivery companies looking for efficient and sustainable last-mile logistics.
Hala’s services have already found traction with major delivery platforms like Bigbasket, Zomato, and Zepto, who rely on the startup’s electric two-wheelers to handle deliveries in urban areas. The company has also built strong partnerships with 13 scooter manufacturers and eight battery producers, strengthening its infrastructure to meet growing demand.
The fresh funding will allow Hala Mobility to significantly scale up its operations. Currently operating in Hyderabad, Bengaluru, Chennai, Vizag, Vijayawada, and Guntur, the startup plans to expand to six more cities across India. The goal is to deploy 10,000 new electric vehicles by December of the next year, taking the fleet size to over 13,000 EVs in total.
India’s growing e-commerce and gig economy sectors have created a huge demand for efficient, sustainable last-mile delivery solutions. Hala Mobility is positioning itself at the forefront of this green revolution, offering an eco-friendly alternative to traditional petrol-powered delivery vehicles. By expanding to more cities, Hala aims to offer its fleet management services to even more companies and gig workers, helping reduce carbon emissions and promote cleaner, greener urban transportation.
Co-founder Srikanth Reddy emphasized the importance of this milestone: “At Hala Mobility, we’re not just offering convenience, we’re pushing for necessary change. This funding will help us expand our fleet and bring green mobility solutions to more cities.”
Phani Ramineni, founder of Previa Health and one of the key investors in this round, shared his excitement about the startup’s potential: “My investment in Hala Mobility is driven by our vision of transforming mobility through sustainable solutions. The development of a complete EV lifecycle management software is a game-changer. It not only supports Hala’s fleet expansion but also opens up future applications across the EV ecosystem.”
The confidence from investors like Ramineni and others is a testament to the potential Hala has to scale quickly. With its unique platform and strong partnerships, Hala is well on its way to leading the shift toward cleaner, more sustainable urban mobility.
Unlike traditional EV leasing or ownership models, Hala offers a flexible, subscription-based service where businesses can rent electric vehicles and related services without the high upfront costs. This makes it easier for e-commerce platforms and gig workers to adopt green transportation solutions without long-term commitments.
Hala doesn’t just provide the vehicles; it also offers a full suite of services, including battery management, maintenance, and driver support, ensuring the smooth operation of its fleet. This 360-degree approach takes the hassle out of managing an EV fleet, which is why it has become the preferred partner for major delivery platforms.
Hala Mobility is deeply committed to reducing the carbon footprint of urban transportation. By offering electric vehicles instead of traditional petrol-powered ones, the startup helps businesses contribute to India’s ambitious sustainability goals, while also offering a cost-effective solution for last-mile deliveries.
India is one of the world’s largest markets for electric vehicles, with the government pushing for widespread adoption of EVs as part of its efforts to reduce pollution and dependency on fossil fuels. At the same time, the rapid rise of the gig economy and online shopping has created a need for efficient, eco-friendly delivery solutions in urban areas.
By addressing both of these challenges, Hala Mobility is tapping into a massive market with huge growth potential. The demand for EVs in the e-commerce and gig economy sectors is expected to skyrocket in the coming years, and Hala is well-positioned to capture a significant share of that growth.
Looking ahead, Hala Mobility is focused on scaling its platform and fleet across India. The company aims to deploy 10,000 EVs in the next 12 months, significantly increasing its capacity to support e-commerce and gig workers across the country. With more cities, more vehicles, and more partnerships on the horizon, Hala Mobility is on track to become one of the leading players in India’s electric mobility space.
Co-founder Srikanth Reddy summed up the startup’s mission: “The future of mobility has to be clean and efficient. At Hala, we are not just providing transportation; we’re driving the shift towards a greener, more sustainable future.”
With its recent funding boost, Hala Mobility is poised to lead the charge toward cleaner, greener urban mobility in India. The startup’s innovative EV-as-a-service model is not only offering businesses and gig workers a cost-effective solution for last-mile deliveries, but it’s also contributing to the fight against urban pollution.
As Hala Mobility expands its operations and fleet across the country, it’s clear that the future of urban transportation in India will be electric—and Hala is helping lead the way.
