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Brinks Report > Blog > Technology > You Don’t Need to Own an EV Anymore—Fyn Mobility Just Changed the Game
Technology

You Don’t Need to Own an EV Anymore—Fyn Mobility Just Changed the Game

Dolon Mondal
Last updated: May 17, 2025 10:47 am
Dolon Mondal
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Fyn Mobility, a Chennai-based electric vehicle startup, has just raised $2.5 million to scale up its Electric Vehicle as a Service (EVaaS) model. Backed by investors like market veteran Vijay Kedia and Swiggy CFO Rahul Bothra, the funding puts Fyn on the global map—starting with Southeast Asia.

More EVs, fewer emissions, and a new way to think about car ownership. Instead of buying, you can now lease or rent EVs—cheaper, cleaner, smarter. Fyn Mobility’s EVaaS model makes electric transport more accessible, especially for small businesses and everyday users.

Trulli

Here’s how the money will be used

The $2.5M investment will go into:

  • Expanding the EV fleet across Indian cities
  • Upgrading their tech platform for better service and analytics
  • Boosting customer experience with smarter systems and cleaner rides

In short: more EVs, less pollution, and faster deliveries. (Yes, that includes your next Swiggy order.)

Also Read High Volume, High Hopes: REC Shares Spark Investor Interest

The real kicker? They’re going global

Fyn Mobility isn’t stopping at Indian streets. The company is actively eyeing Southeast Asia, where demand for EV solutions is heating up. Talks are underway to raise an additional $10 million for this push.

Why Southeast Asia?

  • It’s one of the fastest-growing EV markets
  • Urban congestion and pollution are huge problems
  • Indian innovation in mobility tech fits perfectly here

This isn’t just a business move—it’s a statement. India isn’t just a consumer of clean tech anymore. It’s becoming an exporter of ideas that work.

“This funding validates our vision to reimagine mobility at scale,” says a Fyn Mobility spokesperson. “We’re building smarter cities—one EV at a time.”

So, what is EVaaS, really?

EVaaS means you don’t own the vehicle—you just use it. Companies and individuals can lease EVs without worrying about high upfront costs or maintenance. This model is:

  • Flexible
  • Affordable
  • Environmentally responsible

It’s Uber meets sustainability—with no guilt.

India’s EV push gets another gear

This success aligns with India’s broader climate and mobility goals. With support from investors and policymakers, startups like Fyn Mobility are helping shape a cleaner future.

Fyn Mobility isn’t just building electric vehicles. It’s building a movement—from Chennai to Jakarta. And if this is the future of transport, it’s one India should be proud to drive.

Also Read KTM Increases Bike Prices in India: RC 200, 250 Duke, 390 Duke and More Now Costlier..

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Previous Article Delhivery q4 profit ₹72. 56 cr | revenue up 5. 6% yoy fy25 Q4 Reports: Delhivery Makes Profit of ₹72.56 Crore After Losing ₹68.47 Crore Last Year
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