Electric vehicle startup Hala Mobility announced on October 9, 2025, that it has raised ₹30 crores in capital over the past six months through its Hala+ FOCO (Franchise Owned, Company Operated) model.
The company plans to use the funds to deploy 6,000 electric vehicles across multiple Indian cities, with 2,400 vehicles already deployed.
The Hala+ model targets self-help groups and micro-entrepreneurs, providing them with vehicles, charging infrastructure, financing, insurance, and training through an integrated platform. According to the company, each cluster operates as a community-led enterprise managing its own vehicles and riders while generating recurring income.
The funding round drew support from green investors, high-net-worth individuals, and institutional capital. The company reported an Internal Rate of Return (IRR) of 25.1% on investments, stating that each ₹1 crore invested would generate employment for over 200 riders and offset approximately 400 tons of carbon dioxide annually.
"Every investor who joins us becomes part of a powerful cycle of empowerment and clean mobility," said Dr. Srikanth Reddy Kalakonda, founder and CEO of Hala Mobility, in a statement.
Hala Mobility also operates Hala One, a separate FOFO (Franchise Owned, Franchise Operated) model that charges franchise partners ₹999 per vehicle per month. This offering includes business development support, operational training, and access to the company's software platform.
The company plans to expand its operations to six additional cities, including Kochi, Trivandrum, Chennai, Coimbatore, Mumbai, and Pune, with aims to deploy an additional 5,000 electric vehicles. The expansion will involve partnerships with rural development departments, urban delivery companies, and green financing institutions.
Hala Mobility's broader operational framework, known as the HELIX framework, covers the entire electric vehicle value chain, including manufacturing, operations, analytics, and recycling through subsidiary ventures focused on refurbishment, recycling, and battery remanufacturing.