Bengaluru-based Routematic raised $40 million in a Series C funding round led by Fullerton Carbon Action Fund and Shift4Good.
The funding will help Routematic expand its operations and scale its fleet to over 10,000 vehicles in major Indian cities by March 2026.
Routematic offers AI-powered transport solutions to over 300 corporates in 23 Indian cities, aiming to enhance employee commuting experiences.
The company plans to establish city-level command centres, convert 30% of its fleet to electric vehicles, and reshape urban transportation towards sustainability.