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Hala Mobility Bags INR 51 Cr To Expand Its EV Fleet

  • 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.

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