May 7, 2025 | Bangalore
Big news from the world of corporate commute! Routematic has successfully raised $40 million in Series C funding, marking a major milestone in our journey to revolutionize employee transportation. This round was led by Fullerton Carbon Action Fund and Shift4Good, two investors known for backing high-impact, sustainability-led ventures.
With a presence in more than 23 cities across India and a customer base of over 300 corporates, Routematic has become India’s leading AI-powered Corporate Transport-as-a-Service (TaaS) platform. Every month, we help over 300,000 employees complete more than 5 million safe and reliable trips to and from work.
Scaling Smart, Sustainable Mobility
The corporate mobility sector in India is booming—expected to reach $13.2 billion by 2030. As more companies prioritize employee well-being and environmental sustainability, Routematic is stepping up to lead the charge.
We’re setting our sights on expanding our fleet strength to over 10,000 vehicles across India’s top five cities by March 2026. A key part of this growth includes accelerating EV adoption, with a goal to convert 30 percent of our fleet to electric vehicles—helping businesses meet their ESG and carbon neutrality goals.
Powered by AI. Designed for People.
At the heart of our platform is a sophisticated AI-driven SaaS engine that enables dynamic routing, real-time dispatch, and demand-supply matching—transforming how employee transportation is managed. Our next step? Launching city-level Routematic Operations Command Centers offer 24*7 centralized control and operational visibility, delivering even greater efficiency and cost savings for enterprises.
Backed by Visionaries
We’re grateful to our investors for believing in our mission. This funding allows us to scale faster, accelerate EV adoption, and further redefine the corporate commute,” said Sriram Kannan, Founder & CEO of Routematic.
We’ve always believed in challenging the status quo and delivering real impact through technology and sustainability. With this investment, we’re excited to take our vision to new heights,” added Kavitha Ramachandragowda, Co-Founder & Executive Director.
Vasudha Madhavan, Founder & CEO at Ostara Advisors, who advised on the deal, shared: “This partnership brings together leading global climate investors across Asia and Europe. Routematic is not just modernizing transport but also driving large-scale decarbonization in a space that desperately needs it.”
What Our Investors Are Saying
Huck Khim Tan, Deputy CIO and Head of Alternatives at Fullerton Fund Management said: “Routematic is an established, market leading, profitable and fast-growing business within the transportation and urban mobility space in India, solving critical challenges and helping accelerate decarbonization through reduction in number of daily trips and adoption of electric vehicles. We believe Routematic has successfully scaled through a unique, capital-efficient, and services-driven business model, delivering automated solutions to a diverse customer base ranging from large enterprises to small businesses. We are excited to support Routematic in their next phase of growth. I am thankful to our team, especially Akhil Jain who has been working with Sriram and Kavitha to make this happen
Sebastien Guillaud, Co-Founder and Managing Partner, Shift4Good said: “We’re backing Routematic because they’ve built what most players in this space only talk about — a truly intelligent, scalable platform. Their AI-driven engine automates demand-supply matching, dynamic routing, and dispatch in real time, unlocking massive operational efficiency and measurable ESG outcomes. In a sector that’s traditionally low-tech and fragmented, Sriram, Kavitha and their team are setting a new benchmark. We’re proud to support them as they accelerate growth and EV adoption across India.”
Looking Ahead at the Future of Routematic
Since 2013, Routematic has been pioneering innovation in employee transportation—starting with AI-based routing and now expanding into sustainability-first solutions. From our award-winning platform to our expanding Command Center footprint including recent launches in Hyderabad, Pune, and Bangalore, we continue to push the boundaries of what’s possible in corporate mobility.
With this fresh capital and strong investor backing, we’re more committed than ever to creating safer, smarter, and greener commutes for the workforce of tomorrow.
