Hala Mobility, an EV-as-a-Service platform, has successfully raised Rs 51 crore (approximately $6 million) in its pre-Series A funding round. The round saw participation from founders Srikanth Reddy and Snehith Reddy, Phani Ramineni (founder of Previa Health), and Rohan Bajaj’s syndicate through invstt, alongside Sarthy Angels, Bestvantage, and a network of high-net-worth individuals (HNIs) and family offices.
The fresh capital injection will be directed toward expanding Hala Mobility’s electric vehicle (EV) fleet and broadening its reach to six new cities across India. The company plans to deploy 10,000 additional EVs by December 2025, advancing its mission to transform urban transportation with sustainable and eco-friendly solutions.
Founded in 2020 by Srikanth Reddy, Snehith Reddy Meda, and Anand Pareek, Hala Mobility has positioned itself as a key service provider in the burgeoning EV sector. The startup’s platform, which supports e-commerce companies and gig workers, features an app that integrates EV, battery, and driver management, coupled with a robust fleet of electric two-wheelers. This setup ensures a 95% uptime guarantee and continuous service availability, setting a high standard for operational reliability.
Based in Hyderabad, Hala Mobility has already forged partnerships with major clients such as Bigbasket, Zomato, and Zepto. The company collaborates with 13 scooter manufacturers and eight battery suppliers, maintaining an extensive service network through its S3 stations that cater to both vehicle supply and maintenance needs.
Currently, Hala operates a fleet of 3,000 electric two-wheelers spread across Hyderabad, Bangalore, Chennai, Vizag, Vijayawada, and Guntur. The planned expansion will scale this number significantly, aligning with Hala’s goal to bolster its presence and service capabilities in these markets.
Previously, Hala Mobility raised $1 million in a pre-seed round from Magnifiq Securities in May 2022, followed by Rs 1 crore in debt financing from Perpetuity Capital earlier this year. With the latest funding, Hala is poised to accelerate its growth trajectory and further contribute to the adoption of sustainable urban transportation solutions.
