Electrifying India’s Logistics: How Hala Mobility Is Powering the EV-as-a-Service Revolution

From last-mile woes to electric fleet wins, Hyderabad-based Hala Mobility is fast becoming one of India’s most promising EV-as-a-Service platforms — attracting strategic capital, forging robust partnerships, and building scalable infrastructure that’s redefining urban logistics.

A New Era in Urban Mobility

India’s transition to electric vehicles is accelerating — driven by governmental incentives, rising fuel costs, and the urgent need to decarbonize transport. Yet, the real challenge lies not in building EVs alone, but in ensuring they are accessible, affordable, and operationally efficient for businesses and independent drivers alike.

That’s where Hala Mobility comes in.

Founded in 2020 by Srikanth Reddy Kalakonda, Snehith Reddy Meda, and Anand Pareek, Hala Mobility operates an EV-as-a-Service (E-MaaS) model that integrates vehicles, financing, charging infrastructure, and fleet analytics on a unified platform. The company focuses primarily on last-mile delivery, logistics fleets, and gig-economy riders, offering subscription-based access to electric two-wheelers and — increasingly — larger EV formats as well.

Funding Momentum: Fueling Growth

₹12.25 Crore in Equity + Debt — January 2026

In one of the latest funding developments, Hala Mobility raised ₹12.25 crore through a blended equity and debt round, led by Nazara Technologies CEO Nitish Mittersain and Dr. Aarti Gupta (Anikarth Ventures), with debt participation from Recur Club and contributions from other strategic angels.

This injection of capital is earmarked for:

• Scaling the fleet from roughly 3,000 to 9,000 vehicles

• Expanding operations from six to nine cities

• Growing revenue potential from ₹22 crore in FY25 to ₹92 crore in FY26

• Tripling the workforce from about 106 to nearly 292 employees

Beyond pure scale, fresh investor confidence signals broader belief in Hala’s technology-enabled, impact-oriented fleet strategy.

₹30 Crore via Hala+ FOCO Model — October 2025

Prior to the January funding, Hala had already raised ₹30 crore through its innovative Hala+ FOCO (Franchise Owned, Company Operated) model. This model allows high-net-worth individuals and family offices to invest directly in EV fleet assets — which Hala then manages professionally.

The capital raised under Hala+ supports:

• Deployment of 6,000 electric vehicles

• Empowering Self-Help Groups (SHGs) and micro-entrepreneurs into profitable fleet operators

• Enhancing local livelihoods while creating green jobs

• Generating strong financial returns — with an internal rate of return (IRR) of ~25%

The FOCO model also ties into Hala’s broader ecosystem, including subsidiaries focused on refurbishment (Leven), recycling (Zyora), and battery remanufacturing (Energix), strengthening circularity within EV operations.

Earlier Pre-Series A Round — ₹51 Crore (2024)

In late 2024, Hala closed a ₹51 crore (~$6 million) pre-Series A round featuring founders, angel networks, and family offices — enabling an ambitious plan to deploy 10,000 new EVs and expand into multiple cities beyond its initial footprints.

Strategic Partnerships & Operational Expansion

Funding is only part of the story. Hala has also inked significant partnerships that accelerate its operational capabilities and fleet utility.

iGowise Mobility — 2,000 Electric Trikes

To address the unique challenges of last-mile logistics — namely speed, payload capacity, and rider comfort — Hala partnered with iGowise Mobility to deploy 2,000 electric pickup trikes (BeiGo) in Hyderabad and Bengaluru. These vehicles offer:

• Greater cargo capacity than two-wheelers

• Enhanced stability with anti-topple design

• Lower operating costs

• Better rider efficiency and income potential

The collaboration targets sectors such as e-commerce, perishables delivery, and quick commerce — with the goal of electrifying 10,000 EVs by December 2025.

Sieger Technologies — Rapid-Charge Battery Integration

Hala has teamed up with Sieger Technologies to roll out 18,000 electric two-wheelers equipped with Gen 2.0 rapid-charge lithium-ion batteries in Hyderabad by 2026. This partnership emphasizes:

• Fast charge times (up to 80% in ~40 minutes)

• Increased battery life and total cost of ownership efficiency

• Scalable battery swap and charging infrastructure

By integrating advanced battery tech, Hala addresses range anxiety — a key barrier to EV adoption — while enhancing operational uptime and fleet reliability.

Rilox EV — Deployment Partnership

In another noteworthy collaboration, Rilox EV and Hala Mobility signed a multi-year agreement to deploy 20,000 electric two-wheelers across India, starting with a phased rollout of approximately 400 vehicles per month. This OEM partnership leverages Rilox’s robust engineering and distribution network to accelerate fleet deployment — especially among gig workers and urban fleets.

Hala’s Business Model: A Multi-Layered EV Ecosystem

Unlike traditional EV manufacturers, Hala doesn’t stop at vehicles. Its HELIX framework integrates:

• Vehicle procurement and leasing

• Battery swapping and charging infrastructure

• Fleet analytics and driver management

• Predictive maintenance and IoT-enabled uptime support

• Circular economy components (recycling & refurbishment)

This end-to-end integration allows Hala to offer high fleet utilization (>95% uptime) and data-driven operations, critical differentiators in a competitive market.

Hala’s deployment models include:

• Hala+ (FOCO) – Investors fund fleet assets managed by Hala

• Hala One (FOFO) – Franchise partners operate fleets with Hala’s support

• Subscription & Lease Programs – For logistics companies and independent riders

Together, these expand Hala’s revenue streams while creating scalable, community-centric impact.

Market Opportunity and Competitive Landscape

India’s EV ecosystem is poised for rapid growth, with government targets aiming for millions of electric vehicles on the road by 2030. However, structural barriers — such as high upfront costs, charging infrastructure gaps, and fleet operational complexity — continue to slow adoption.

Hala’s service-oriented approach bridges this gap by lowering entry barriers for businesses and drivers, allowing fleets to electrify without owning assets outright.

Competitors in the broader EV space include micro-mobility platforms and OEMs, but few combine fleet management, financing, infrastructure, and analytics at the same scale Hala does. This integrative strategy places the company in a unique position to benefit from both India’s sustainability push and logistics digitization wave.

The Road Ahead: Challenges and Opportunities

Hala Mobility’s growth trajectory is strong, but scaling a capital-intensive business across geographies presents challenges:

Infrastructure Build-Out

Expanding charging/swapping stations and service hubs across Tier-1 and Tier-2 cities remains a priority.

Fleet Utilization & Data

Maximizing uptime and cost efficiencies via predictive analytics will be key to profitability.

Driver Adoption & Support

Ensuring favorable economics for fleets and independent riders is central to Hala’s mission of electrifying livelihoods.

Policy & Partnerships

Government incentives and private-sector alliances can further accelerate scale.

Conclusion: Redefining EV Fleet Economics in India

Hala Mobility’s recent funding successes, strategic alliances, and innovative “as-a-Service” model place it at the forefront of India’s EV revolution. By merging capital efficiency, operational technology, and social impact, Hala is not just delivering vehicles — it’s enabling a scalable, inclusive, and sustainable mobility ecosystem.

As India races toward electrified logistics, companies like Hala — that combine technology, infrastructure, and community-centric models — will define the future of urban transport and gig-economy livelihoods.