EV Startup Hala Mobility Secures ₹12.25 Crore in Funding Led by Nazara Tech CEO

EV-as-a-service startup Hala Mobility has raised ₹12.25 crore in a mix of equity and debt to support its expansion plans, amid growing demand for electric mobility solutions in India’s gig and logistics ecosystem, as per news reports. 

Funding Details and Investors 

The funding round included equity participation from Nazara Technologies CEO Nitish Mittersain, Aarti Gupta of Anikarth Ventures, along with angel investors such as Dr A Velumani (Thyrocare founder), Aditya Singh of All In Capital, and Pranav Mahajani of LetsVenture. 

Mittersain, joint managing director and CEO of Nazara Technologies, said Hala Mobility is solving a critical infrastructure challenge in India’s burgeoning gig economy.  

"Their ability to integrate technology with a purpose-driven operational model is what sets them apart," he added. 

Business Model and Growth Plans 

Founded by Srikanth Reddy Kalakonda and Snehith Reddy Meda, Hala Mobility operates an EV-as-a-service model focused on last-mile delivery and logistics, serving gig workers and fleet operators. 

The company follows a FOCO (franchise-owned, company-operated) structure and oversees vehicle procurement, operations and analytics. The fresh capital will be used to expand the fleet from around 3,000 to 9,000 vehicles and extend operations to nine cities.  

Hala Mobility is also targeting revenue growth to ₹92 crore in FY26, up from approximately ₹22 crore in FY25. The startup said it has supported over 25,000 drivers so far, helping reduce fuel costs and emissions by accelerating the shift towards electric vehicles in the logistics sector. 

Read More: Nazara Share Price Rises 5%; Revenues Grow 65.1% in Q2FY26 Results! 

Conclusion  

The funding strengthens Hala Mobility’s plans to deepen its EV-as-a-service presence in last-mile logistics. By scaling its fleet and city footprint, the startup aims to support gig workers, lower operating costs, and promote sustainable mobility, while targeting strong revenue growth in the coming financial year. 

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