Routematic, a leading corporate commute platform, has secured $40 million in Series C funding led by Fullerton Carbon Action Fund and Shift4Good, with Ostara Advisors acting as the exclusive financial advisor.
Founded in 2013, Routematic operates across 23 Indian cities, catering to over 300 corporate clients and managing 5 million monthly employee trips for approximately 3 lakh commuters. With this fresh capital, the company plans to expand its fleet to 10,000 vehicles in India’s top five cities by March 2026, with 30% of the fleet transitioning to electric vehicles (EVs).
“This investment will help us scale rapidly and reinforce our leadership in sustainable urban mobility,” said Sriram Kannan, Founder and CEO of Routematic.
The $13.2 billion employee transportation market in India is witnessing significant growth, driven by GCC expansion, employee well-being initiatives, and sustainability mandates. Routematic aims to leverage AI to enhance real-time fleet management by launching city-level command centres.
Co-founder Kavitha Ramachandragowda emphasized their vision to create efficient, eco-friendly commuting using AI. Investors praised Routematic’s capital-efficient, tech-driven model for enabling measurable ESG outcomes.
This milestone positions Routematic as a transformative force in India’s corporate mobility revolution.