What is Alt Mobility?
Alt Mobility operates as a premier electric vehicle leasing and asset management provider, offering a comprehensive suite of services designed to simplify the transition to sustainable transport. By managing a diverse fleet of over 10,000 vehicles across 30+ models, the company provides an all-inclusive leasing model that encompasses vehicle selection, registration, insurance, and maintenance. This integrated approach addresses the primary pain points for B2B fleets, individual drivers, and corporate employees, effectively lowering the barrier to entry for EV adoption. Through its real-time fleet monitoring and 24/7 support, Alt Mobility not only optimizes operational efficiency for its clients but also contributes significantly to carbon reduction and fuel cost savings, establishing itself as a cornerstone of India's green mobility transition.
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 Ev2 Ventures, Twynam Agricultural Group, PitchRight Ventures, lvxventures.com, Eurazeo, UC Inclusive Credit Pvt, Shell, and Piper Serica Advisors Pvt
Key Investors in Alt Mobility
Ev2 Ventures
An investment firm specializing in sustainable and smart mobility startups in India, focusing on early-stage companies that drive environmental impact.
Twynam Agricultural Group
A firm dedicated to supporting adoption-led decarbonisation by investing in technologies that offer superior cost and performance metrics.
PitchRight Ventures
A sector-agnostic early-stage venture capital firm that employs a founder-first approach to foster innovation across sustainable transportation and B2B marketplaces.
What's next for Alt Mobility?
With the infusion of $0, Alt Mobility is poised to accelerate its strategic roadmap, focusing on fleet diversification and the expansion of its proprietary asset management technology. The company is expected to leverage this financing to deepen its market penetration in the B2B sector, where demand for reliable, cost-effective EV solutions continues to surge. By strengthening its infrastructure and enhancing its service delivery, Alt Mobility aims to solidify its leadership in the EV leasing space, setting the stage for long-term scalability and sustained impact in the broader energy transition landscape.
See full Alt Mobility company page
