Fullerton Fund Management closes first Carbon Action Fund investment

It invested in Routematic’s decarbonisation efforts in Emerging Asia.

Fullerton Fund Management has closed its first investment through the Fullerton Carbon Action Fund with an equity stake in Routematic, an Indian AI-driven Corporate Transport-as-a-Service company.

Routematic operates in 23 Indian cities and serves more than 300 corporate clients.

The Fullerton Carbon Action Fund is a private equity fund targeting established, mid-market leaders in Southeast Asia and India that are pursuing decarbonisation strategies.

It invests in sectors such as industrials and manufacturing, circular economy, energy, and mobility, avoiding early-stage ventures and infrastructure projects.

Alongside capital, the Fund provides support to drive growth in areas such as market expansion, M&A, and the sustainability agenda.