Hala Mobility secures Rs 30 crore in six months under Hala+ FOCO

Hala Mobility has successfully raised Rs 30 crore in just six months through its flagship Hala+ FOCO (Franchise Owned, Company Operated) model, reflecting strong confidence from green investors, HNIs, and institutional capital. The funds are being used to deploy 6,000 electric vehicles (EVs) across multiple cities, driving sustainable mobility and inclusive economic growth of which 2400 EVs are already deployed.

The initiative is designed to transform Self-Help Groups (SHGs) and micro-entrepreneurs into profitable EV operators. Through Hala+, participants receive vehicles, charging and swap infrastructure, financing, insurance, training, and real-time analytics—all integrated into a single platform. Each SHG cluster functions as a community-led enterprise, managing vehicles, riders, and recurring income, while promoting women-led businesses and strengthening local economies.

Dr. Srikanth Reddy Kalakonda, Founder & CEO of Hala Mobility, said, "Hala+ represents the next evolution of sustainable entrepreneurship in India. We’re not just electrifying fleets, we’re electrifying livelihoods. Every investor who joins us becomes part of a powerful cycle of empowerment and clean mobility. With our integrated ecosystem, we are proving that sustainability and profitability can go hand in hand, creating measurable social impact while delivering strong financial returns. Our FOCO model ensures investors see transparency, utilization, and strong IRR while supporting local communities and the environment."

The FOCO model allows HNIs and Family Offices to invest directly in EV assets managed by Hala’s professional fleet and service network. With an Internal Rate of Return (IRR) of 25.1%, each Rs 1 crore invested generates employment for over 200 riders, offsets nearly 400 tons of CO2 annually, and contributes to Hala’s circular ecosystem, including refurbishment (Leven), recycling (Zyora), and battery remanufacturing (Energix).

In addition to Hala+, the company operates Hala One, a FOFO (Franchise Owned, Franchise Operated) model. Franchise partners can join the network for Rs 999 per vehicle per month and receive business development support, operational training, access to Cercle OS software, IoT dashboards, predictive maintenance, analytics, and uptime support. This model enables entrepreneurs to scale quickly while maintaining standardized operations and profitability.

Encouraged by strong investor and partner traction, Hala+ is now expanding to Kochi, Trivandrum, Chennai, Coimbatore, Mumbai, and Pune, with plans to deploy an additional 5,000 EVs. The expansion will deepen collaborations with rural development departments, urban delivery companies, and green financiers.

With growing participation from HNIs, Family Offices, and impact funds, Hala Mobility has opened its next tranche of Hala+ FOCO participation, offering investors steady returns with tangible social and environmental impact.