Routematic, a corporate commute platform in India, has raised $40 million in a Series C funding round led by Fullerton Carbon Action Fund and Shift4Good.
The company plans to expand its fleet to over 10,000 vehicles and convert 30% to electric by March 2026 to strengthen sustainable corporate mobility.
India's employee transportation market is projected to reach $13.2 billion by 2030, driving demand for services like Routematic that focus on employee well-being and sustainability mandates.
The funding will be used to scale AI-powered operations, establish city-level command centers, and continue creating efficient, environmentally responsible commuting solutions, as stated by company executives.