India, May 17 -- EV startup Fyn Mobility has raised $2.5 Mn (around INR 21 Cr) in an undisclosed funding round led by a host of investors, including Kedia Capital's founder Vijay Kedia, Pharma Major Lloyd Laboratories' promoter Lloyd Balajadia and Swiggy's Rahul Bothra.

The Bengaluru-based startup plans to deploy the freshly raised funds in accelerating its fleet growth, enhance its tech stack and expand footprint.

"The capital infusion comes at the right time when Fyn is gearing up to become the first profitable company in this sector", said Fyn cofounder and chief executive officer Visakh Sasikumar.

It is pertinent to note that the company is already in talks to raise another $10 Mn funding to fuel its expansion plans.

Founded in 20...