What is Alt Mobility?
Alt Mobility distinguishes itself as India's most reliable provider of electric vehicle leasing and comprehensive asset management solutions. Catering to a diverse clientele including B2B fleets, individual drivers, and corporate employees, the company has successfully leased over 10,000 vehicles. Their extensive fleet comprises more than 30 EV models, supported by integrated asset management services that encompass vehicle selection, leasing, and real-time fleet monitoring. Alt Mobility's all-inclusive leasing model simplifies the transition to EVs by covering registration, insurance, and maintenance, complemented by round-the-clock client support. The company is instrumental in facilitating a seamless shift to electric mobility, promoting sustainable driving practices, and achieving substantial carbon offset and fuel cost savings for its users.
How much funding has Alt Mobility raised?
Alt Mobility has raised a total of $6M across 1 funding round:
Debt
$6M
Debt (2024): $6M with participation from Eurazeo, UC Inclusive Credit Pvt, Ev2 Ventures, Piper Serica Advisors Pvt, LetsVenture, PitchRight Ventures, Twynam Agricultural Group, and Shell
Key Investors in Alt Mobility
Eurazeo
Eurazeo is a leading global investment company with a strong presence in private equity, venture capital, real estate, and private debt, supporting companies of all sizes in their development with deep sector expertise and a global market gateway.
UC Inclusive Credit Pvt
UC Inclusive Credit focuses on impactful financial solutions for sectors including healthcare, clean technology, and education, aiming to empower stakeholders and ensure sustainability and scalability in underserved communities.
Ev2 Ventures
Ev2 Ventures is an investment firm specializing in sustainable and smart mobility startups in India, targeting seed and early-stage companies to accelerate growth and environmental impact.
What's next for Alt Mobility?
With the infusion of major enterprise-level capital, Alt Mobility is strategically positioned for accelerated expansion and enhanced service offerings. The recent funding round, though undisclosed, indicates a strong endorsement from its backers, likely enabling the company to scale its fleet operations, invest in advanced asset management technologies, and broaden its market reach within India. Future initiatives may focus on further diversifying its EV model portfolio, optimizing leasing structures for corporate clients, and reinforcing its commitment to sustainable transportation solutions. This capital injection is expected to solidify Alt Mobility's leadership in the burgeoning Indian EV market, driving innovation and contributing significantly to the nation's decarbonization goals.
See full Alt Mobility company page
