After a relatively quiet funding spell, Bengaluru-based Routematic has revved up its journey with a fresh $40 million in Series C funding. The round was led by the Fullerton Carbon Action Fund and Shift4Good, placing the corporate commute tech company firmly back in the fast lane as demand for sustainable, tech-driven employee transport surges across India.
Founded in 2013, Routematic provides end-to-end employee transport solutions for corporates — combining its fleet with advanced software for route optimization, demand prediction, and transport automation. With operations in more than 23 Indian cities, the company currently serves over 300 corporate clients and handles transport for 300,000 users every month.
This latest funding round marks a significant milestone, especially considering Routematic had raised a modest $6 million between 2015 and 2021 from investors such as Blume Ventures, VAMM Ventures, and Bosch. In its last known funding event in November 2020, Bosch invested $2 million at a $28 million valuation. The company’s current valuation remains undisclosed, but its ambitions are more visible than ever.
The company is eyeing an aggressive scale-up plan. Key to this is the development of city-level command centers to streamline real-time fleet operations and improve responsiveness to commuter demand. In tandem, Routematic plans to electrify 30% of its fleet — a move aligned with corporate clients’ increasingly urgent ESG (Environmental, Social, and Governance) goals.
As India’s employee transportation market is projected to hit $13.2 billion by 2030, driven by business growth and sustainability priorities, Routematic aims to scale up its fleet to over 10,000 vehicles across the top five metro cities by March 2026.
Routematic’s funding revival also places it among a growing cohort of Indian startups bouncing back after long fundraising gaps. Amazon-backed ToneTag recently ended a seven-year dry spell, while payments platform Cashfree raised funds after four years. Zeta and Oxyzo have also seen fresh investments after three years, suggesting a thaw in investor caution — at least for companies with solid fundamentals and clear growth paths.
With fresh capital and a clear roadmap, Routematic seems poised to play a pivotal role in shaping the future of employee mobility in India — one that’s greener, smarter, and better optimized for a post-pandemic world.
