Shift4Good has invested in Routematic, India's leading AI-powered TaaS platform, as part of a $40 million Series C funding round to enhance corporate mobility and support sustainability initiatives.

Information on the Target

Routematic, established in 2013, is India's premier AI-powered Corporate Transport-as-a-Service (TaaS) platform. The company currently provides over 5 million trips per month for more than 300 corporate clients across 23 cities in India. Routematic has developed an innovative model that integrates AI-driven routing software, centralized operations, and a fleet of electric vehicles (EVs) to enhance the efficiency, safety, and sustainability of employee transportation.

Through its advanced technology, Routematic focuses on optimizing corporate commutes while actively reducing carbon emissions, positioning itself as a leader in the transportation sector. The company's proactive approach aligns with a growing demand for environmentally friendly solutions in corporate mobility, particularly as the industry is expected to reach $13.2 billion by 2030.

Industry Overview in India

The corporate mobility industry in India is undergoing significant transformation, driven by technological advancements and a rising emphasis on sustainability. The shift towards electri