Hala Mobility has secured INR 51 Cr ($6 Mn) in Pre Series A funding to expand its EV fleet and operations.
The funding round saw participation from the company's founders, as well as other investors including Sarthy Angels and Bestvantage.
Hala Mobility plans to deploy the capital to scale up its EV fleet and expand into six additional cities across India, with a target of deploying 10,000 EVs by December next year.
The Indian EV market is projected to reach $110.74 Bn by 2029, and Hala Mobility is aiming to offer innovative and sustainable mobility solutions in this segment.