Hyd’s EV Firm Hala Mobility Raises Rs 51 Cr In Funding

Hyderabad: City-based Hala Mobility, an EV-as-a-Service platform, said it has raised Rs 51 crore, a combination of debt and equity, in pre-Series A. The new capital will be utilised to scale up its EV fleet, and expand footprint to six additional cities across India. The company aims to deploy 10,000 new electric vehicles by the end of 2025. Founders Srikanth Reddy and Snehith Reddy, Founder of Previa Health Phani Ramineni, along with Rohan Bajaj, Syndicate via Invstt, Sarthy Angels, Bestvantage, and a network of high-net-worth individuals (HNIs) and family offices, participated in the funding round.

“At Hala Mobility, we are not just offering convenience but pushing for necessary change. This funding is a major milestone as we gear up to expand our EV fleet and extend our green mobility solutions to more cities,” said Srikanth Reddy, Co-Founder of Hala Mobility. “The support from our investors enables us to scale rapidly and drive the shift towards cleaner, more sustainable urban transportation across India,” he added.