EV Startup Hala Mobility Raises ₹12.25 Cr After Standout Pitch on Bharat Ke Super Founders

Hala Mobility EV funding. India’s leading EV-as-a-service platform Hala Mobility has secured ₹12.25 crore in equity and debt funding following its appearance during the premiere week of Bharat Ke Super Founders, streaming on Amazon MX Player.

The funding round was anchored by Recur Club and saw participation from Nitish Mittersain, CEO and Joint Managing Director of Nazara Technologies, Dr Aarti Gupta of Anikarth Ventures, Dr A. Velumani, Aditya Singh of All In Capital, and Pranav Mahajani from LetsVenture.

The show, hosted and mentored by Suniel Shetty, marked a pivotal moment for Hala Mobility as it scales its mission to decarbonise India’s logistics ecosystem while empowering the country’s daily-wage and gig workforce.

Hala Mobility Pitch Stands Out Amid High-Stakes Negotiations

Hala Mobility’s pitch emerged as one of the most compelling segments of the premiere week, featuring intense on-stage negotiations. Several panel members initially expressed concerns around the operational complexity of the EV-as-a-service model and the scalability of the FOCO (Franchise Owned, Company Operated) structure.

However, co-founders Srikanth Reddy Kalakonda and Snehith Reddy Meda addressed investor concerns through a transparent, data-driven discussion on unit economics, operational execution, and market penetration.

Their clarity on the Bharat-first mobility context led several investors who had initially declined to return to the table with revised offers, recognising the long-term value and resilience of the Hala Mobility ecosystem.

Founders Emphasise Purpose-Driven EV Expansion

Commenting on the development, Srikanth Reddy Kalakonda, Co-founder and CEO of Hala Mobility, said:

“Our journey at Hala Mobility has always been about more than just electric vehicles; it is about creating access and dignity for the people who power India’s economy. The negotiation on stage was a testament to our team’s conviction. We are honoured that the tycoons recognised our vision and chose to back us as we scale to 100,000 vehicles and beyond.”

HELIX Framework and FOCO Model Drive Scalable Growth

The capital raised on the show will accelerate Hala Mobility’s expansion, driven by its proprietary HELIX framework and democratised FOCO operating model. The HELIX framework spans the entire EV value chain — from manufacturing and operations to analytics and recycling — enabling end-to-end control and operational efficiency.

The company expects:

• Revenue growth from ₹22 crore in FY 2024–25 to ₹92 crore in FY 2025–26
• Fleet expansion from 3,000 to 9,000 EVs
• Geographic footprint growing from 6 to 9 cities
• Team strength increasing from 106 to 292 employees

Social Impact and Decarbonisation at Scale

Hala Mobility’s expansion is translating into measurable social and environmental outcomes. The platform has supported over 25,000 drivers to date, contributing to livelihood generation and economic empowerment, while its expanding EV fleet has significantly reduced fuel consumption and carbon emissions across India’s urban logistics ecosystem.

Investors Back Bharat-First EV Infrastructure Vision

Nitish Mittersain, Joint Managing Director and CEO of Nazara Technologies, said:

“Hala Mobility is solving a critical infrastructure challenge in India’s burgeoning gig economy. Their ability to integrate technology with a purpose-driven operational model sets them apart. I am excited to support Srikanth and Snehith as they lead the EV revolution from the frontlines.”

Eklavya Gupta, Co-founder of Recur Club, added:

“What impressed me was the solid unit economics, a scalable EV-as-a-service model, and founders who understand that long-term value is built through the right capital choices.”

Dr Aarti Gupta, CIO of Anikarth Ventures, noted:

“Hala Mobility represents the kind of climate-first infrastructure India truly needs. They are building a financially disciplined, tech-enabled backbone for livelihoods at scale — proving that impact and capital efficiency can work together.”