Moving Tech has secured $11 million in pre-Series A funding to advance its mission of creating sustainable mobility solutions in India.

Information on the Target

Moving Tech, based in Bengaluru, has recently emerged as a leader in community-led mobility solutions in India, currently managing a suite of apps, including Namma Yatri, Yatri Sathi, Yatri, and Mana Yatri. The company has successfully raised $11 million (approximately ₹92 crore) in a pre-Series A funding round, with prominent backing from Blume Ventures and Antler, along with participation from Google and other supporters. Moving Tech’s mission focuses on empowering drivers, integrating public transportation, and enhancing commuter convenience. By adopting direct-to-driver and multimodal transportation models, the company seeks to improve driver earnings while promoting affordable, seamless, and sustainable mobility solutions for all.

Founded as a spin-off from Juspay, Moving Tech began its mobility journey in 2020 with the rollout of Yatri, India's first open mobility app based on the BECKN/ONDC protocol. The company launched its flagship app, Namma Yatri, in Bengaluru in 2022. Moving Tech is committed to advancing Digital Public Infrastructure (DPI) and operates under a community-first model, enhancing service quality for passengers, increasing driver income, and lowering costs for customers. All its apps are fully open-source, promoting a transparent and efficient transportation ecosystem, with aspirations to create an experience analogous to the UPI for mobility.

Industry Overview in India

The mobility industry in India has witnessed rapid growth over the past decade, driven by urbanization, an increase in disposable incomes, and the proliferation of technology. With a burgeoning population urban centers, the demand for efficient transportation