May 7, 2025: Routematic announced today it has secured $40 million in a Series C funding round as it chalks out plan to expand its footprints across five major Indian cities. It also aims to expand its fleet size of 10,000 vehicles by March 2026.
Furthermore, the company aims to covert 30% of its fleet to electric vehicles. the corporate mobility services provider said it has established up city-level command centres in Bengaluru, Pune, and Hyderabad, to accelerate its strategy to move into Delhi-NCR to scale its operational oversight and cost efficiency for enterprise clients.
Sriram Kannan, Founder and CEO of Routematic, said “We are grateful for our investors’ trust as we drive the future of corporate transportation. This investment will enable us to capitalise on the growing demand and further strengthen our leadership in sustainable corporate mobility.”
Routematic to drive into 5 major Indian cities
Founded in 2013, Routematic serves over 300 enterprises across 23 Indian cities. It provides about 5 million trips per month for more than 300,000 employees. Routematic offers a hybrid model combining AI-powered SaaS-based transport management software with Transport-as-a-Service, enabling organisations to manage logistics using Routematic’s fleet or through managed transport operations.
“We believe Routematic has successfully scaled through a unique, capital-efficient, and services-driven business model, delivering automated solutions to a diverse customer base ranging from large enterprises to small businesses. We are excited to support Routematic in their next phase of growth. I am thankful to our team, especially Akhil Jain who has been working with Sriram and Kavitha to make this happen,” said Huck Khim Tan, Deputy CIO and Head of Alternatives at Fullerton Fund Management
The latest funding round was led by Fullerton Carbon Action Fund and Shift4Good. Ostara Advisors served as the exclusive financial advisor to the Corporate transport solutions provider.
In an earlier investment during 2015 and 2021 period, the fir had secured about $6 million from investors, including Blume Ventures, VAMM Ventures, and Bosch.
