Alt Mobility is a full‑stack electric vehicle as‑a‑service company that provides integrated leasing, servicing, charging, real‑time fleet monitoring and data‑driven insights for commercial fleet operators. The company manages a fleet of 13,000 vehicles and reports assets under management of over $30M across 30 Indian cities. Alt Mobility says it drives rapid EV adoption by lowering total cost of ownership and maximising fleet uptime through end‑to‑end asset management. It plans to expand its fleet to 30,000 vehicles and reach roughly $100M AUM by March 2027. The company will also invest in expanding its digital asset management platform and standardising battery technology to support scale. Founded in 2021 and led by CEO and co‑founder Dev Arora, Alt Mobility is headquartered in New Delhi, India. Alt Mobility is a technology-enabled electric-vehicle leasing and full-stack lifecycle management platform that offers Fleet Lease combining leasing with insurance, roadside service, maintenance, charging and parking hubs. The company operates FleetOS, an EV asset-management platform it plans to scale by hiring an engineering team. It began leasing vehicles in April 2022 and has scaled to assets under management (AUM) of $12 million (Rs 100 crore), comprising leased e2W, e3W, e4W and chargers. Alt Mobility plans to launch new verticals including Drive-to-Own, Parametric Insurance, Fleet Depots and a Battery Refurbishment Unit and to expand its presence to 20+ cities. Management is targeting an AUM of $100 million within the next two years and aims to become the largest proprietary EV fleet provider in India. The company was founded in 2021 by Dev Arora, Anuj Gupta, Manas Arora, Harsh Goyal and Jayant Gupta and is based in Gurgaon, India.

Total raised

$6M

Funding rounds

3

Latest round

Equity

Latest activity

Jan 2024