Alt Mobility, an EV leasing and lifecycle management firm, raised $10 million (about INR 84.3 crore) in a Series A fundraising round led by current investor Eurazeo

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Alt Mobility, founded in 2021 by Dev Arora, Anuj Gupta, Manas Arora, Harsh Goyal, and Jayant Gupta, provides mobility as a service (MaaS) for businesses and people

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Shell Ventures, Twynam Earth Fund, and Ev2 Ventures joined the round as existing investors

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The company wants to use the profits to grow its fleet, enhance its digital asset management platform, and standardize battery technology

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The company claims to have a fleet of 10,000 automobiles operating in 20 cities

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Additionally, the startup provides real-time fleet monitoring and diagnostics to its customers

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Over the next two years, the company wants to increase its fleet to 30,000 vehicles and handle INR 800 Cr in assets under management (AUM)

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A firm has launched leasing options for 4W light commercial vehicles (LCVs) and autos, as well as battery as a service (BaaS) for used vehicles

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Shell Ventures, Eurazeo, EV2 Ventures, and Twynam spearheaded a $6 million Pre-Series A fundraising round for the startup earlier this year

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Indian EV firms such Ather Energy, Altigreen, BluSmart, and Exponent Energy offer sustainable transportation solutions

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