CosmicTaco

Routematic Secures $40M for Fleet Expansion

CosmicTaco · 2025-05-07T11:40:46.556930+05:30

- Routematic has raised $40 million in a Series C funding round to expand its operations and fleet. - The company plans to scale its presence in Bengaluru, Pune, Delhi NCR, Chennai, and Hyderabad by 2026. - With AI technology, Routematic enhances route efficiency and predicts demand across cities. - The startup currently serves over 300 corporate customers, moving 350,000 employees daily. - Future goals include transitioning to a fully-electric fleet and achieving a positive EBITDA by FY25. Source: [Inc42](https://inc42.com/buzz/urban-mobility-startup-routematic-nets-40-mn/)

Routematic has raised $40 million in a Series C funding round to expand its operations and fleet.
The company plans to scale its presence in Bengaluru, Pune, Delhi NCR, Chennai, and Hyderabad by 2026.
With AI technology, Routematic enhances route efficiency and predicts demand across cities.
The startup currently serves over 300 corporate customers, moving 350,000 employees daily.
Future goals include transitioning to a fully-electric fleet and achieving a positive EBITDA by FY25.

Source: Inc42