Routematic expands corporate commute operations, plans EV rollout

NEW DELHI: Corporate commute platform Routematic is expanding operations across India while maintaining profitability and targeting a partial shift to electric vehicles (EVs) by 2026.Founded in 2012 by Sriram Kannan, the company operates more than 10,000 trips daily across 23 cities.

Its services cater to over 350,000 employees working at more than 300 companies, including Infosys, Barclays, and American Express.The company uses a tech-based, asset-light model. Rather than owning vehicles, it contracts drivers on fixed-hour shifts and uses artificial intelligence to optimize routing and reduce idle time. It also integrates with platforms such as Uber and MakeMyTrip to increase vehicle utilization.Routematic is focusing on five key metro areas — Pune, Bengaluru, Hyderabad, Chennai, and Delhi-NCR — which together account for over 70 per cent of the demand in India’s IT and IT-enabled services (ITES) commute market. The overall corporate commute sector in India is estimated to be worth Rs 14,000 crore, with Rs 4,000 crore attributed to night-time transport and Rs 10,000 crore to daytime intra-campus mobility.

As part of its expansion, Routematic recently introduced Coco Rides, a daytime shared commute service for employees in large office campuses. Access to the service is restricted to verified users from participating campuses.In May 2025, the company raised $40 million from climate-focused investors. The funds are being used to support the goal of transitioning 30 per cent of its fleet to electric vehicles by 2026. At present, around 14–15 per cent of its routes are considered suitable for EV deployment without affecting service levels. Initial EV rollouts have begun in the Delhi-NCR region, with a target of adding 1,000 electric vehicles and dedicated charging infrastructure by March 2026.Routematic has reported annual recurring revenue of Rs150 crore. It has remained profitable with limited external funding since its inception and currently employs 350 people across its operational markets.