Alt Mobility, a New Delhi, India-based full stack electrical car as a service firm that focuses on built-in leasing and asset administration of electrical autos for industrial fleets, obtained an funding from Past Capital Ventures.
The quantity of the deal was not disclosed. BCV Shell Ventures, Eurazeo, and EV2 Ventures.
Alt Mobility goals to increase its fleet to 30,000 autos and obtain an ~$100M asset below administration (AUM) by March 2027. It should even be investing in increasing its digital asset administration platform and standardising its battery expertise.
Based in 2021 and led by CEO & Co-Founder Dev Arora, Alt Mobility is a full-stack electrical fleet leasing platform that drives fast EV adoption by way of asset administration. With a fleet of 13,000 autos and property below administration of over $30M throughout 30 Indian cities leased to fleet operators and drivers, the corporate gives a complete answer, together with leasing, servicing, charging, real-time fleet monitoring, and data-driven insights to make sure low whole price of possession and most fleet uptime.
FinSMEs
08/05/2025
