Moving Tech, the company that operates community-led mobility apps Namma Yatri, Yatri Sathi, Yatri, and Mana Yatri, has secured $11 million in a pre-Series A funding round from Blume Ventures and Antler, Google and some other investors.

This is the maiden venture funding for the Bengaluru-based company.

As per the startup, the funding will be used to invest the fund in technology, R&D and product innovations towards its vision to empower drivers, integrate public transport and improve customer convenience, the company said in a press release. 

Through direct-to-driver and multimodal transportation models, the firm also aims to increase driver earnings while providing reliable, affordable, seamless, and sustainable mobility solutions.

Namma Yatri | Community-Led Mobility Apps Company

Moving Tech launched Namma Yatri in Bengaluru in the year 2022. Namma Yatri and its family of apps are fully open-source, with open data metrics, and part of the ONDC Network as well. 

With a user base of 7 million and 400,000 drivers, Moving Tech is live in 8 cities and towns and claims to have facilitated 46 million trips.

Namma Yatri as of now introduced zero-commission auto and cab rentals in Bengaluru and Chennai and has plans to expand the service to Delhi-NCR. The move will help it to take on the company’s rivals and market leaders – Ola, Rapido and Uber.

Speaking about the development, Magizhan Selvan and Shan M S, Founder and CEO of Moving Tech, said,

“With our people-first approach, our goal is to build empathetic products and technology that are 10 times better. By collaborating with samaaj (community), sarkar (government), and bazaar (business), we aspire to create an impact similar to UPI in India and Linux worldwide. This funding will enable us to innovate and grow further”.

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