Nazara Technologies CEO Nitish Mittersain and Anikarth Ventures’ Dr Aarti Gupta Back Hala Mobility’s EV Vision on Bharat Ke Super Founders

EV as a service platform raises INR 12.25 crore in equity + debt funding from Recur Club. Also saw participation from Thyrocare’s Dr. A. Velumani, Aditya Singh of All In Capital, and LetsVenture’s Pranav Mahajani

Hala Mobility, India’s leading EV as a service platform, has secured a landmark investment and strategic equity + debt support of INR 12.25 crore following its appearance on the premiere week of Bharat Ke Super Founders, the entrepreneurial reality series streaming on Amazon MX Player. Hosted and mentored by Suniel Shetty, the show marked a pivotal moment for Hala Mobility as it scales its mission to decarbonise India’s logistics ecosystem while empowering the country’s daily wage workforce.

The Hala Mobility pitch stood out as one of the most compelling segments of the premiere week, marked by intense on-stage negotiations. Several panel members initially expressed reservations around the operational complexity of the EV as a service model and the scalability of the FOCO Franchise Owned Company Operated structure.

However, co-founders Srikanth Reddy Kalakonda and Snehith Reddy Meda demonstrated the true spirit of a “Super Founder.” Through a transparent and data-driven negotiation, they meticulously addressed investor concerns regarding unit economics and market penetration. Their resilience and deep understanding of the Bharat context led investors who had initially declined to return to the table with offers, recognising the long term value and robustness of the Hala Mobility ecosystem.

“Our journey at Hala Mobility has always been about more than just electric vehicles; it is about creating access and dignity for the people who power India’s economy,” said Srikanth Reddy Kalakonda, Co-founder and CEO of Hala Mobility. “The negotiation on stage was a testament to our team's conviction. We are honored that the tycoons recognized our vision and chose to back us as we scale to 100,000 vehicles and beyond.”

The capital secured on the show will accelerate Hala Mobility’s growth, which is driven by its proprietary HELIX framework and democratised FOCO model. The HELIX framework is an integrated approach spanning the EV value chain from manufacturing and operations to analytics and recycling, enabling end-to-end control and efficiency. This strategy has placed the company on a clear growth trajectory, with revenues expected to rise from ₹22 crore in FY 24 25 to ₹92 crore in FY 25 26, alongside fleet expansion from 3,000 to 9,000 vehicles, an operational footprint growing from 6 to 9 cities, and team strength increasing from 106 to 292 people.

This expansion is translating into tangible social and environmental impact. Hala Mobility has supported over 25,000 drivers to date, contributing to job creation and economic empowerment across India, while its expanding EV fleet has significantly reduced fuel consumption and carbon emissions, reinforcing the company’s commitment to a greener and more sustainable Bharat.

Nitish Mittersain, Joint Managing Director and CEO, Nazara Technologies, said, "Hala Mobility is solving a critical infrastructure challenge in India’s burgeoning gig economy. Their ability to integrate technology with a purpose-driven operational model is what sets them apart. I am excited to support Srikanth and Snehith as they lead the EV revolution from the frontlines, creating both environmental impact and economic value."

"What impressed me about Hala Mobility was solid unit economics, a scalable EV-as-a-service model, and founders who were resilient, and understand that long-term value is built through the right capital choices. This is how real businesses in Bharat get built by truest ‘Super Founders’", said Eklavya Gupta, Co Founder, Recur Club

Dr Aarti Gupta, CIO, Anikarth Ventures, said, “Hala Mobility represents the kind of climate-first infrastructure India truly needs. They are not just deploying EVs; they are building a financially disciplined, tech-enabled backbone for livelihoods at scale. What convinced me was the founders’ clarity on capital efficiency, unit economics, and impact working together, not in conflict. This is how sustainable mobility becomes a durable business, not a subsidy-dependent experiment.”