Necessary Always Active
Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
|
||||||
|
||||||
|
||||||
|
Published on
May 7, 2025
5 min read
Routematic Raises $40M in Series C Round Led by Fullerton and Shift4Good
Routematic received $40 million in Series C funding to strengthen the company’s mission to transform employee transportation solutions across India. According to Tech In Asia, Co-founder and CEO Sriram Kannan stated that the funding round was jointly led by Fullerton Carbon Action Fund and Shift4Good.
The startup plans to expand its presence and operations in cities like Bengaluru, Pune, Delhi NCR, Chennai, and Hyderabad. Through this funding, it also aims to expand its EV fleet to 10,000 vehicles by March 2026.
Strengthening Urban Mobility for Corporates
Established in 2013, Routematic specializes in helping businesses in managing daily employee commute. It runs an end-to-end platform providing route optimization, safety monitoring, fleet management, and real-time tracking.
With increasing urban traffic and heightened demand for convenient transport, Routematic’s funding round comes when businesses are outsourcing commute services for their employees. The platform is already employed by a number of large corporations in cities such as Bengaluru, Hyderabad, Pune, and Chennai.
Funding to Power EV Integration and Tech Expansion
A substantial portion of Routematic’s investment round will support the advancement of its electric vehicle programs. The company seeks to increase its EV vehicle deployment for sustainable commuting services while achieving ESG (Environmental, Social, and Governance) objectives.
Through investments in AI-based route planning and analytics, the company aims to enhance operational efficiency. The platform focuses on achieving three main targets including cost reduction for fuel consumption and carbon emission reduction alongside improved employee safety and operational efficiency.
Targeting 10x Growth in Operations
The Routematic Series C funding will also help the company in improving its geographic presence. It intends to expand into more Tier 1 and Tier 2 cities, increase partnerships with EV suppliers, and double its fleet size in the next 18 months.
According to the company, there’s a growing demand for reliable employee commute solutions post-COVID, especially with hybrid work models becoming the norm. Routematic believes its platform is well-positioned to meet this demand at scale.
Positioning for Future Mobility Trends
As the transport technology landscape changes, Routematic funding news reflects a broader trend in how businesses see mobility as a key element of employee experience and sustainability strategies. The new Routematic funding round accelerates its ambition to become India’s top corporate mobility platform.
Routematic has raised $40 million at a pivotal moment for the sector. With strong investor sentiment and increasing market demand behind it, the company is set to redefine the future of employee transportation in India.
