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Alt Mobility secures $10M funding from Eurazeo and Shell Ventures
The Business Guardian
|November 28, 2024
Alt Mobility, a leading commercial electric vehicle leasing and asset management company has secured $10 million in a Series A funding round led by existing investor Eurazeo, a European VC and PE fund, and saw participation from other existing investors including Shell Ventures, Twynam Earth Fund and EV2 Ventures.
Alt Mobility currently owns a fleet of 10,000 vehicles across 20 cities in India leased to fleet operators and individual drivers. With an integrated leasing and asset management solution, Alt Mobility offers a seamless experience that includes servicing, charging, and real-time fleet monitoring and diagnostics. The company leverages data to provide valuable insights, driving profitable EV adoption across the value chain.
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