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Hala Mobility has raised ₹30 crore through its Hala+ FOCO (Franchise Owned, Company Operated) model, aimed at empowering small entrepreneurs. The model provides vehicles, charging infrastructure, financing, insurance, and training on an integrated platform. Each cluster operates as a community enterprise, managing its own vehicles and riders while generating steady income.
The funding round attracted support from green investors, high-net-worth individuals, and institutional investors. The company reported an internal rate of return (IRR) of 25.1%, stating that every ₹1 crore investment generates employment for over 200 riders and offsets nearly 400 tons of carbon dioxide annually.
Dr. Srikanth Reddy Kalakonda, Founder and CEO of Hala Mobility, said, “Every investor who joins us becomes part of a powerful cycle of empowerment and clean mobility.”
Hala Mobility also operates its Hala One (FOFO: Franchise Owned, Franchise Operated) model, charging franchise partners ₹999 per vehicle per month, which includes business development support, operational training, and access to the company’s digital platform.
The company plans to expand to six new cities — Kochi, Trivandrum, Chennai, Coimbatore, Mumbai, and Pune — deploying an additional 5,000 electric vehicles. The expansion will involve collaborations with rural development departments, urban delivery firms, and green financing institutions.
Hala Mobility’s broader operational framework, the HELIX framework, encompasses the entire EV value chain — including manufacturing, operations, analytics, and recycling — through subsidiaries engaged in refurbishment, recycling, and battery remanufacturing.
