AI mobility startup Routematic secures $40 million to expand electric fleet, launch city command centres – CNBC TV18

AI-driven company transport startup Routematic has raised $40 million in Sequence C funding from sustainability-centered traders Fullerton Carbon Motion Fund and Shift4Good. The corporate plans to use this capital to take its proprietary expertise platform to scale after 12 years of growth and deployment throughout India.

“We name it shifting from the lab to the manufacturing unit,” mentioned Sriram Kannan, Founder and CEO of Routematic. “This sort of sustainability-centered funding, backing by two giants within the business, will certainly assist us scale the expertise… a lot greater than the place we’re proper now.”

A key a part of the corporate’s growth plan consists of changing 30% of its fleet to electric automobiles. Routematic can also be organising city-level command centres—referred to as Routematic Operations and Command Centres (ROCs)—in 5 main Indian cities to handle actual-time provide and demand. These state-of-the-artwork ROCs will help the corporate’s rising presence within the B2B mobility area.

Kannan mentioned the corporate’s method goes past conventional fashions by optimising unit economics for drivers. “We purchase out the time of the motive force and maximise their earnings, relatively than simply capturing provide or demand and never realizing what to do with it,” he mentioned.

Routematic’s AI-powered platform delivers excessive compliance and effectivity requirements for its over 300 company purchasers. The corporate ensures 100% compliance with transport and authorized norms, 95% on-time arrivals, and 100% on-time departures—key priorities for enterprise prospects.

With an eye fixed on scaling to 10,000 automobiles by 2026, Routematic says its platform already handles planning for practically 17,000 fleet items, making the growth effectively inside attain. “It’s not such an extended shot,” mentioned Kannan, including that Routematic will even discover adjoining segments like airport transfers to maximise car utilisation.

Watch the total dialog within the accompanying video. Additionally, hear from Devahuti Choudhury, Director & CEO of Sadhav Offshore, and Siddharth Sharma, Founding father of GreenGrahi, as they focus on how their respective corporations plan to use their current fundraise.