What is Alt Mobility?
Alt Mobility distinguishes itself as India's most reliable provider of electric vehicle leasing and comprehensive asset management solutions. The company has successfully leased over 10,000 vehicles, featuring a diverse fleet of more than 30 EV models. Their integrated services encompass vehicle selection, leasing, and real-time fleet monitoring, offering an all-inclusive lease package that covers registration, insurance, and maintenance, complemented by 24/7 support. Alt Mobility is dedicated to simplifying the transition to electric mobility for its clients, thereby promoting sustainable transportation and generating substantial carbon offsets and fuel cost savings.
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 Shell, Eurazeo, UC Inclusive Credit Pvt, PitchRight Ventures, Piper Serica Advisors Pvt, Ev2 Ventures, Twynam Agricultural Group, and lvxventures.com
Key Investors in Alt Mobility
Shell
Shell is a global energy and petrochemical company focused on meeting the world's growing energy demands in a responsible manner.
Eurazeo
Eurazeo is a leading global investment company with expertise in private equity, venture capital, real estate, and private debt, supporting companies in their long-term growth.
UC Inclusive Credit Pvt
UC Inclusive Credit Pvt focuses on impactful financial solutions for sectors including clean technology and aims to empower stakeholders through sustainable and scalable credit services.
What's next for Alt Mobility?
With substantial enterprise-level backing, Alt Mobility is strategically positioned for accelerated growth and market penetration. The company's focus on comprehensive EV leasing and asset management for B2B fleets and corporate clients aligns with the increasing demand for sustainable transportation solutions in India. Future initiatives are likely to involve expanding their fleet diversity, enhancing their technological infrastructure for real-time monitoring, and forging new partnerships to further penetrate the corporate leasing segment. This capital infusion will be instrumental in scaling operations, optimizing service delivery, and solidifying their leadership in the Indian EV ecosystem.
See full Alt Mobility company page
