Alt Mobility, a New Delhi, India-based full stack electric vehicle as a service company that specializes in integrated leasing and asset management of electric vehicles for commercial fleets, received an investment from Beyond Capital Ventures.
The amount of the deal was not disclosed. BCV Shell Ventures, Eurazeo, and EV2 Ventures.
Alt Mobility aims to expand its fleet to 30,000 vehicles and achieve an ~$100M asset under management (AUM) by March 2027. It will also be investing in expanding its digital asset management platform and standardising its battery technology.
Founded in 2021 and led by CEO & Co-Founder Dev Arora, Alt Mobility is a full-stack electric fleet leasing platform that drives rapid EV adoption through asset management. With a fleet of 13,000 vehicles and assets under management of over $30M across 30 Indian cities leased to fleet operators and drivers, the company offers a comprehensive solution, including leasing, servicing, charging, real-time fleet monitoring, and data-driven insights to ensure low total cost of ownership and maximum fleet uptime.
FinSMEs
08/05/2025