AI-powered corporate transport-as-a-service company Routematic has secured USD 40 million (~INR 342 crore) in a Series C funding round, co-led by Fullerton Carbon Action Fund and Shift4Good, bolstering the company’s mission to revolutionize sustainable employee mobility in India’s rapidly growing urban centers.
Founded in 2013 by Sriram Kannan and Kavitha Ramachandragowda, Routematic is already a leading name in B2B commute solutions, serving over 300 corporate clients across 23 Indian cities, and facilitating 5 million trips each month for more than 3,00,000 employees. The new funding injection marks a major leap forward in the company’s long-term strategy to scale operations, transition towards electric mobility, and inch closer to a potential public listing (IPO).
“This kind of sustainability-focused funding, backed by two global giants, enables us to scale our proprietary AI platform—built over 12 years—well beyond its current capabilities,” said Sriram Kannan, CEO of Routematic. “We call it moving from the lab to the factory.”
Command Centres and EV Transition
A big chunk of the new capital will be used to expand Routematic’s presence across India’s top 5 cities—Bengaluru, Pune, Hyderabad, Delhi-NCR and Chennai—with a target of 10,000+ vehicles by March 2026.
As part of its growth strategy, the company is setting up city-level Routematic Operations and Command Centres (ROCs) in key cities. These centralized hubs will support real-time, demand-responsive fleet man
