AI-driven corporate transport startup Routematic has raised $40 million in Series C funding from sustainability-focused investors Fullerton Carbon Action Fund and Shift4Good. The company plans to use this capital to take its proprietary technology platform to scale after 12 years of development and deployment across India.“We call it moving from the lab to the factory,” said Sriram Kannan, Founder and CEO of Routematic. “This kind of sustainability-focused funding, backing by two giants in the industry, will definitely help us scale the technology… much bigger than where we are right now.”A key part of the company’s expansion plan includes converting 30% of its fleet to electric vehicles. Routematic is also setting up city-level command centres—called Routematic Operations and Command Centres (ROCs)—in five major Indian cities to manage real-time supply and demand. These state-of-the-art ROCs will support the company’s growing presence in the B2B mobility space.
Kannan said the company’s approach goes beyond traditional models by optimising unit economics for drivers. “We buy out the time of the driver and maximise their earnings, rather than just capturing supply or demand and not knowing what to do with it,” he said.Routematic’s AI-powered platform delivers high compliance and efficiency standards for its over 300 corporate clients. The company guarantees 100% compliance with transport and legal norms, 95% on-time arrivals, and 100% on-time departures—key priorities for enterprise customers.With an eye on scaling to 10,000 vehicles by 2026, Routematic says its platform already handles planning for nearly 17,000 fleet units, making the expansion well within reach. “It’s not such a long shot,” said Kannan, adding that Routematic will also explore adjacent segments like airport transfers to maximise vehicle utilisation.Watch the full conversation in the accompanying video. Also, hear from Devahuti Choudhury, Director & CEO of Sadhav Offshore, and Siddharth Sharma, Founder of GreenGrahi, as they discuss how their respective companies plan to use their recent fundraise.
