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EV platform Hala Mobility has raised pre-Series A funding of $6 Mn (INR 51 Cr) in a mix of debt and equity rounds.
The company's founders, Srikanth Reddy and Snehith Reddy, as well as Phani Ramineni, the founder of Previa Health, participated in the round. Sarthy Angels, Bestvantage, several high-net-worth individuals (HNIs), and family offices are other investors.
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According to a news statement from the company, the money raised will be utilized to increase Hala Mobility's EV fleet and spread its presence to six more Indian cities.
About Hala Mobility
Founded in 2020 by Srikanth Reddy, Snehith Reddy Meda, and Anand Pareek, Hala Mobility is a multi-modal EV ride-sharing platform.
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