Fri May 16 18:57:04 UTC 2025: Okay, here’s a news article summarizing the provided text:

**Fyn Mobility Secures $2.5 Million to Fuel EV Fleet Expansion**

**CHENNAI, May 17, 2025** – Fyn Mobility, a Chennai-based EV-as-a-Service (EVaaS) company operating India’s largest fast-charging fleet, has announced a successful $2.5 million funding round. The investment was led by prominent public market investor Vijay Kedia, Lloyd Balajadia, and Rahul Bothra, Swiggy CFO.

The company intends to use the new capital to significantly expand its electric vehicle fleet and broaden its geographic reach. A portion of the funds will also be allocated to further develop its proprietary technology platform.

“We’re building the future of mobility,” stated Visakh Sasikumar, Co-Founder and CEO of Fyn. “Fyn is building out a unique and scalable business model which will redefine the mobility industry for good with a tech plus execution game at a fraction of the funding raised by other startups”.

Fyn currently operates a fleet of over 1,000 electric vehicles, providing employment to 1,500 individuals. The company plans to expand its fleet to over 10,000 vehicles. Having achieved profitability in key cities like Bangalore, Chennai, and Hyderabad, Fyn boasts a rapid charging and turnaround time, enabling its fleets to be charged in just 15 minutes and redeployed in under 30 minutes.

Fyn provides logistics solutions to major blue-chip clients including Amazon, Flipkart, Blue Dart, and Porter, delivering up to 20% in logistics cost reductions. The company is also actively pursuing international expansion into Southeast Asian markets and is currently engaged in discussions to secure $10 million in funding to support this growth.

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