Fyn Mobility
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Fyn Mobility - overview
Established
2013
Location
Chennai, Tamil Nadu, India
Primary Industry
Automobiles, Other Vehicles & Parts
About
Fyn Mobility is an Indian company focused on creating a sustainable electric vehicle ecosystem, offering integrated solutions for last-mile logistics and fleet services through a comprehensive electric fleet. Founded in 2013 by Visakh Sasikumar, Fyn Mobility operates from Chennai, India, specializing in electric vehicle logistics and services. The company has completed 5 deals and recently raised INR 210 million in pre-Series A funding on May 16, 2025, to enhance technology and scale operations. Fyn serves as India's first vertically integrated electric vehicle (EV) ecosystem platform, specializing in last-mile logistics and ancillary services through an electric fleet.
Its primary offering, EV-as-a-Service, combines a fleet of electric vehicles with data-driven logistics solutions to improve operational efficiency and reduce carbon emissions. Fyn caters to various sectors, including e-commerce and retail, focusing on sustainable logistics solutions in urban Indian markets. In 2023, Fyn Mobility generated revenue of INR 303,642. 30, with an EBITDA of -INR 615,422.
20, structured around B2B transactions for its EV logistics and fleet services, with clients subscribing for tailored logistics management and vehicle leasing. Following the recent funding of INR 210 million, Fyn Mobility plans to enhance its technology and scale its operations while accelerating its international expansion. The company is actively working on new product offerings to be launched in the near future, targeting specific new markets and geographic regions to establish a stronger presence by leveraging its EV-as-a-Service model.
Current Investors
BlueHill Asset Management, Eagle10 Ventures, Genesis IT Innovations Ltd
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.fynmobility.com/
Verticals
Clean Technology, Electric & Hybrid Vehicles, Manufacturing
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Fyn Mobility - timeline of key events
Fyn Mobility - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | 53,200 | 1,262,500 | 5,438,800 | 11,753,282 | 4,535,942 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | 2273.1% | 330.8% | 116.1% | (61.4%) | - | - | - |
| EBITDA (USD) | - | (130,121) | (394,847) | (2,198,755) | (6,986,923) | (9,431,130) | (8,876,410) | (17,536,489) | - | - | - |
| Operating Income (USD) | - | (131,225) | (395,278) | (2,198,977) | (7,137,540) | (9,710,328) | (9,233,631) | (17,890,046) | - | - | - |
| Operating Margin | - | - | - | (4133.4%) | (565.3%) | (178.5%) | (78.6%) | (394.4%) | - | - | - |
| % EBITDA Margin | - | - | - | (4133.0%) | (553.4%) | (173.4%) | (75.5%) | (386.6%) | - | - | - |
| NET Income (USD) | (234,706) | (131,225) | (395,278) | (2,198,977) | (5,410,896) | (9,092,776) | (9,529,335) | (15,704,555) | - | - | - |
| % Net Margin | - | - | - | (4133.4%) | (428.6%) | (167.2%) | (81.1%) | (346.2%) | - | - | - |
Fyn Mobility - employee data
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