Chennai The Electric Vehicle-ejha-e-Service (EVAAS) Startup Fyn Mobility has recently raised $ 2.5 million in a new funding round. The investment was led by well-known investor Vijay Kedia, Loyd Baladia, promoter of the Loyd Laboratories of the Philippines, and Rahul Bothra, Chief Financial Officer of Swiggy.

International expansion preparation

Fyn Mobility reported that this new capital would be used to expand the company’s electric vehicle fleet, strengthen the technology stack, and enter the international market, especially South -West Asia. The company also revealed that it is working on another $ 10 million funding round plan for its international expansion and technological development and talks with several growth investors for this.

Work with major customers

Fyn Mobility is already working with blue-chip customers like Amazon, Flipkart, Blue Dart and Porter. The company claims that it provides its customers up to 20% logistic cost reduction, sharp and smooth fleet deployment, and data-based operational insights.

The company said, “Thanks to our service model and technology, we are giving the benefit of cost saving and efficient operations to logistics companies. Now our next goal is to bring our solution globally.” This strategy of FYN Mobility is considered an important step towards bringing the Indian EV Startup sector to the global map.

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New light in future

Such investments in Fyn Mobility will also be seen moving forward with any new technology in the coming time, which is going to be similar to a new light in the future of India. The company has already claimed that it is giving its customers a decrease in logistic cost by 20%. At the same time, she wants to deliver her resources globally for her next goal.