Routematic, a Bangalore, India-based company specializing in technology-driven employee transportation solutions, has raised $40 million in Series C funding.
Investors
The round was led by Fullerton Carbon Action Fund and Shift4Good, with advisory support from Ostara Advisors.
The Fullerton Carbon Action Fund is a private equity initiative launched by Fullerton Fund Management to capitalize on burgeoning decarbonization opportunities in Emerging Asia. The fund focuses on established, profitable businesses in sectors such as manufacturing, industrials, energy, and electric vehicles/mobility.
Shift4Good is a global impact venture capital firm dedicated to decarbonizing the transportation sector. Headquartered in Paris with an office in Singapore, it focuses on investing in startups that offer transformative solutions in sustainable mobility and the circular economy.
Routematic Use of Funds
The company will use the funds to expand its fleet, set up city-level command centers, and convert 30% of its vehicles to EVs to enhance sustainability.
About Routematic
Founded in 2013, Routematic is a corporate Transport-as-a-Service company that offers end-to-end employee commute management. The company leverages AI to provide safe, efficient, and predictable commute experiences for employees. Its SaaS platform, the Routematic SuperApp, automates routing, tracking, billing, and compliance. The company emphasizes safety with features like GPS tracking and panic buttons. Founded in 2013, Its mission is to provide the most efficient and sustainable commute solutions for companies around the world.
Funding Details
Company: Nivaata Systems Pvt. Ltd. (Routematic)
Raised: $40.0M
Round: Series C
Funding Date: May 2025
Lead Investors: Fullerton Carbon Action Fund, Shift4Good
Additional Investors:
Company Website: https://routematic.com/
Software Category: AI Transportation Management / Enterprise Mobility
Source: https://thecsruniverse.com/articles/routematic-secures-inr-340-cr-series-c-fund-led-by-fullerton-carbon-action-fund-and-shift4good