Page 27 - ITLN Jan-Feb 2023 for Magzter
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Tell us about Fyn Mobility,
                                                                                    when was it started?
                                                                                    Fyn Mobility is a vertically
                                                                                    integrated EV-as-a-service
                                                                                    platform for last-mile logistics
                                                                                    and commute applications. We
                                                                                    are essentially a corporation
                                                                                    that links products, finances,
                                                                                    and services throughout the
                                                                                    EV ecosystem. We began by
                                                                                    creating EVs from scratch,
                                                                                    selling two and three-wheelers
                                                                                    EVs into the market, and
                                                                                    attempting to fill a market gap
                                                                                    that no other service provider
                                                                                    offers. In 2021, we pivoted to the
                                                                                    EVaaS model to solve last-mile
                                                                                    connectivity.

                                                                                    What is your company's
                                                                                    objective? Why would a
                                                                                    company come to Fyn Mobility?
                                                                                    There are various stakeholders
                                                                                    in the market that one has
                                                                                    control on. You rely on a
                                                                                    manufacturer, a third-party
                                                                                    finance agency to purchase
                                                                                    vehicles, and third-party
                                                                                    service providers to service
                                                                                    the vehicles in your fleet. So,
                                                                                    what is the motive? If you're
                                                                                    going to a major customer,
                                                                                    they need safety, reliability,
                                                                                    and to know you're scalable.
                                                                                    These are the issues that
        With reusable bags, sustainable gifting, and preferences for                Fyn Mobility is attempting to
        sustainable deliveries, the world is indeed making an effort                address. We feel the entire EV
        towards sustainability.                                                     ecosystem is flawed, and all
          It is necessary to consider the sustainability of the vehicle that is     we want to do is fix it.
                                                                                      Fyn Mobility knew that in
        carrying the items in the logistics business. As the globe switches         order to provide a service, you
         to electric vehicles (EVs), Bangalore-based Fyn Mobility envisions         must first understand and
          a day when all vehicles on Indian roads would be electric.                manage the product. You need
             The start-up is bringing about this paradigm change by                 that size to grow that product
            beginning to convert EV fleets of delivery firms, which will            and service in the market,
                                                                                    which requires the assistance
             have a greater impact on our roads. Amazon, Flipkart, Big              of a funding engine. And,
              Basket, and Zepto are among the company's customers.                  when performing the service,
               Currently based in Bangalore, the company plans on                   you must understand how to
                expanding its business in Coimbatore and Gurgaon. They              maintain an EV and expand
                intend to launch their service in 10 cities by March 2023.          the EV fleet. As a result, Fyn
                                                                                    Mobility is more than simply a
                  Zinal Dedhia spoke with Visakh Sasikumar, CEO & Co-               service game; it is a game that
               founder of Fyn Mobility, to learn more about the company             begins with the product and
              and their aim for sustainable transportation.                         involves various stakeholders.





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