EV leasing startup Electrifi Mobility raises Rs.25-Cr from ADB Ventures, others

Gurugram-headquartered electric vehicle (EV) asset management and leasing startup Electrifi Mobility has raised INR 25 crore as part of a seed round in a mix of debt and equity. The round saw participation from Asian Development Bank (ADB) Ventures, AdvantEdge Founders and other investors. The new funds will be used to ramp up hiring, expand its footprint and increase the deployment of assets and service infrastructure.The firm plans to deploy more than INR 500 crore worth of commercial EV assets over the next three years. Founded in 2023 by former Cars24 chief executive Kunal Mundra and Grip Invest co-founder Nikhil Aggarwal, Electrifi offers leasing, maintenance, post-sales support, refurbishment, and redeployment of EV assets.