COMPANY INTELLIGENCE PROFILE
Hala Mobility India Private Limited
Hyderabad-based clean-tech startup offering electric two-wheelers on subscription, lease and finance ("EV-as-a-service") for gig-delivery fleets and consumers across six South-Indian cities.
Hyderabad-based Hala Mobility, founded in November 2019, is a clean-tech startup offering electric two-wheelers through subscription, lease, and financing services for gig-delivery fleets and consumers in six South Indian cities. With a fleet of approximately 3,000 e-vehicles, the company plans to expand to 10,000. In FY2024, it reported a revenue of Rs 11.85 crore, marking a 142% increase from the previous year.
AI-generated, may contain errors.
Business Overview
- Hyderabad-based clean-tech mobility startup operating an EV-as-a-service platform for electric two-wheelers.
- Offers daily/weekly/monthly subscription rentals, from ~Rs 189/day, 3+ month leases, and financing-to-own for e-bikes, plus integrated EV, battery-swap and charging network and driver management.
- Serves gig/last-mile delivery fleets, partners named on site: Swiggy, Zomato, Zepto, Blinkit, BigBasket, and retail consumers.
- Operating cities: Hyderabad, Bengaluru, Chennai, Vizag, Vijayawada, Guntur.
- Reported fleet ~3,000 e-2Ws (Nov 2024), targeting 10,000 EVs.
- Founded 2019/2020., Sources: halamobility.in, Inc42.
Sector & Classification
Transport & logistics / mobility — EV two-wheeler rental, lease and subscription ("EV-as-a-service"). NIC 63030-class per CIN; described as ride-hailing/mobility. Exact NIC code not obtained.
Directors & Key Management
Directors — source notes
Registered directors (Falconebiz/Tofler): (1) Srikanth Reddy Kalakonda — DIN 08605753, director since incorporation 07 Nov 2019 (founder/CEO); (2) Snehith Reddy Meda — DIN 08527688, appointed 15 Jun 2021 (co-founder). Note: press (Inc42) also names Anand Pareek as a co-founder, but he is NOT listed as a registered director/DIN in registry sources — treat as founding team, not board. DINs sourced from Tofler; second-source confirmation partial.
GST Registrations
Company operates under PAN-based GSTINs (PAN AAFCH0996Q), reportedly 4 registrations across 4 states: Telangana/home 36AAFCH0996Q1ZT; Andhra Pradesh 37AAFCH0996Q1ZR; Karnataka 29AAFCH0996Q1ZO; Tamil Nadu 33AAFCH0996Q1ZZ (Tamil Nadu status ACTIVE per Pice). Home state Telangana (state code 36). Source: web search citing Pice/knowyourgst — single-source, individual GSTIN pages not directly opened; treat GSTIN digits as partial. Note trap: 36AAFCH0996Q1ZZ / 33AAFCH0996Q1ZZ suffix variants appear across sources; the AAFCH0996Q PAN root is consistent.
Financials
Hala Mobility India Private Limited reported a revenue of Rs 11.85 crore for FY2024, marking a 142% YoY increase. Recent trends (to March 2025) indicate a 111.22% rise in total revenue and a 37.92% increase in net profit, with slight changes in borrowings and EBITDA.
AI-generated, may contain errors.
- Standalone, MCA-filed, per Tofler/TheCompanyCheck.
- FY2024, year ended 31 Mar 2024: Revenue Rs 11.85 Cr, up ~142% YoY, implies FY2023 revenue ~Rs 4.9 Cr.
- EBITDA, PAT/net profit, net worth and borrowings are paywalled — not obtained as exact figures.
- Tofler directional latest-year deltas, period to Mar 2025: Total Revenue +111.22%, EBITDA -8.98%, Net Profit +37.92%, Net worth +23.44%, Total Borrowings -2.35%, percentages only, absolute values locked.
- FY2023 EBITDA reportedly +2510% YoY (low base).
- Consolidated vs standalone: figures appear standalone.
- No audited absolute EBITDA/PAT/net worth obtained.
Funding History
- Total raised ~$12.5M across ~10 rounds, Tracxn, per web search — round names/aggregate only.
- Latest: Nov 2024 Pre-Series A of Rs 51 Cr (~$6M), mix of debt and equity, to expand EV fleet and enter new cities.
- Investors named (Inc42): founders Srikanth Reddy & Snehith Reddy, Previa Health founder Phani Ramineni, Sarthy Angels, Bestvantage, plus HNIs/family offices.
- Recur Club also cited as a lender/investor (debt).
- Valuation not disclosed.
Loans & Charges
- Secured borrowings via registered charges, TheCompanyCheck: Open charges total ~Rs 21.04 Cr
- Satisfied ~Rs 4.49 Cr. Named/dated charges: HDFC Bank Limited Rs 10.78 Cr, open, 10 Jun 2024
- Lender undisclosed Rs 7.10 Cr, open, 15 Oct 2025
- Rs 1.12 Cr, open, 21 Jun 2025
- Rs 2.05 Cr, open, 29 Jan 2025
- Rs 0.50 Cr, satisfied, 14 Feb 2024. Single-source, TheCompanyCheck
- Lender names beyond HDFC not obtained.
Legal & Compliance
- One matter found on Indian Kanoon: "Hala Mobility India Pvt Ltd vs Chief Managing Director, TSSPDCL" — Telangana High Court, 06 Feb 2024, electricity/power distribution dispute, Justice Nagesh Bheemapaka. No other litigation obtained.
Competitive Landscape
- EV two-wheeler rental / shared-mobility peers: Yulu, large, PE-backed, pan-India shared e-2W
- Zypp Electric, large, delivery-focused EV fleet
- Bounce Infinity, mid, e-scooter rental+OEM
- Vogo, mid, scooter rental
- Chargeup / Battery Smart, battery-swap adjacent
- Freedo Rentals (Hero, mid). Hala sits small-to-mid scale, Hyderabad/South-India focused.
Frequently Asked Questions
What does the company do?
The company is a Hyderabad-based clean-tech startup that offers electric two-wheelers on subscription, lease, and finance ('EV-as-a-service') for gig-delivery fleets and consumers across six South-Indian cities.
What is the company's CIN?
The company's Corporate Identification Number (CIN) is U63030TG2019PTC136678.
What is the company's GSTIN?
The company operates under PAN-based GSTINs with four registrations across different states: Telangana (36AAFCH0996Q1ZT), Andhra Pradesh (37AAFCH0996Q1ZR), Karnataka (29AAFCH0996Q1ZO), and Tamil Nadu (33AAFCH0996Q1ZZ).
When was the company incorporated?
The company was incorporated on 07 November 2019.
Where is the company's registered office located?
The company's registered office is located at Plot No 32, Sy No 135, 1st Floor, Brindavan Colony, Gandipet Road, Narsingi, K.V. Rangareddy, Shankarpally, Telangana, India, 500075.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.