VC Fund Investments
EV leasing co Alt Mobility raises $6-M from Shell Ventures, Eurazeo, EV2, others
Delhi-based electric vehicle (EV) leasing platform Alt Mobility has raised USD 6 million in a funding round co-led by Shell Ventures, Eurazeo, EV2 Ventures and Twynam, with participation from UC Inclusive, Piper Serica, Pitchright and ?LetsVenture?.The company plans to use the capital to hire an engineering team for its EV asset management platform FleetOS, and to launch new verticals such as drive-to-own, parametric insurance, fleet depots, and a recycling unit. The company plans to expand to more than 20 cities.Since April 2022, Alt's assets under management (AUM), which include leased electric two-, three- and four-wheelers and chargers, have grown to USD 12 million.
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