News, 22 May 2025
Alt Mobility, an electric vehicle (EV) service provider focused on leasing and managing EVs for commercial fleets, has received an equity investment from Beyond Capital Ventures (BCV), a venture capital fund specializing in emerging markets. BCV now joins a list of Alt Mobility’s investors, including Shell Ventures, Eurazeo, and EV2 Ventures.
Recognizing that India’s EV market still faces challenges such as limited charging infrastructure outside major cities and underdeveloped battery recycling, Alt Mobility aims to bridge these gaps. They are creating a unified platform that connects vehicle manufacturers, lenders, fleet operators, charging point operators, and drivers.In addition to leasing, Alt Mobility provides a full-service solution that includes finance, maintenance, after-sales support, and vehicle standards. The company intends to grow its fleet to 30,000 EVs and manage $100 million in assets by March 2027. They also plan to invest in their digital asset management platform and battery technology.
About Alt Mobility
Alt Mobility, founded in 2021 is an Indian electric vehicle (EV) service company specializing in leasing and asset management for commercial fleets. They offer a full-stack solution, connecting vehicle manufacturers, lenders, and charging infrastructure providers on a single platform. Their services include vehicle standardization, financing, and maintenance.
