VC Fund Investments
Commercial EV leasing co. AltMobility bags $10-M in Series A from Eurazeo, others
Delhi-headquartered Alt Mobility , a commercial electric vehicle (EV) leasing and asset management company, has raised USD 10 million in a Series A funding round led by Eurazeo, a European venture capital and private equity fund. Existing investors Shell Ventures, Twynam Earth Fund, and EV2 Ventures also participated in the round.The company will use the funds to expand its fleet to 30,000 vehicles by March 2026 and manage an INR 800 crore asset under management (AUM) over 18 months. It will also invest in expanding its digital asset management platform and standardise its battery technology.Founded in 2021, Alt Mobility is a full-stack electric fleet leasing platform that drives rapid EV adoption through asset management. With a fleet of 10,000 vehicles across 20 Indian cities leased to fleet operators and drivers, the company offers leasing, servicing, charging, real-time fleet monitoring, and data-driven insights to ensure low total cost of ownership.
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