Alt Mobility
Alt Mobility is a New Delhi-based EV leasing and asset management platform that provides all-inclusive operating leases of electric 2-, 3- and 4-wheelers to B2B fleet operators, individual drivers and corporate employees across India, supported by its proprietary FleetOS platform.
- Company typePrivate
- Founded2022
- HeadquartersNew Delhi, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Alt Mobility does
Alt Mobility is a full-stack electric vehicle leasing and lifecycle management platform headquartered in New Delhi, India. The company provides operating leases of electric 2-wheelers, 3-wheelers (cargo and passenger) and 4-wheelers (cargo and passenger) to B2B fleet operators, individual drivers and corporate employees, bundling vehicle cost, registration, insurance, maintenance and telematics into a single monthly payment. It markets an "all-inclusive" lease model with stated savings of up to 62% versus traditional financing, and complements core leasing with a Drive-to-Own lease-to-own vertical, fleet depot services, battery refurbishment and insurance management.
Underlying the leasing business is FleetOS, a proprietary EV asset management platform that delivers real-time vehicle tracking, alerts, preventive diagnostics, roadside assistance and 24/7 fleet support. The company's reported operating footprint covers 37 Indian cities (12+ active, 30+ planned), supported by an ecosystem of 7,000+ charging stations and 150+ service garages. At the time of reporting, Alt Mobility states 16,000+ vehicles leased, 350 Cr+ (~$42M+) of assets under management, 70+ B2B customers and 30+ EV models available.
The business model is asset-heavy and subscription-recurring: revenue is generated primarily through monthly operating-lease payments on the EV fleet under management, supplemented by asset management and lifecycle service fees. Distribution combines a self-serve website flow with direct enterprise field sales and OEM/infrastructure channel partnerships (notably Greaves Electric Mobility for vehicle supply and Indofast Energy for charging). Disclosed capital raised totals approximately $16M+ across a January 2024 seed/early-stage round (~$6M) co-led by Shell Ventures, Eurazeo, EV2 Ventures and Twynam, a November 2024 $10M Series A led by Eurazeo, and a May 2025 extension led by Beyond Capital Ventures, indicating a company in active capital-deployment and scaling phase.
Alt Mobility firmographics
Firmographics- Name
- Alt Mobility
- Legal name
- Alt Mobility Private Limited
- Website
- https://alt-mobility.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Alt Mobility is a New Delhi-based EV leasing and asset management platform that provides all-inclusive operating leases of electric 2-, 3- and 4-wheelers to B2B fleet operators, individual drivers and corporate employees across India, supported by its proprietary FleetOS platform.
- Ownership category
- akta.pro rank
Alt Mobility industry classification
Industry- Product category
- EV Fleet Leasing & Asset Management
- NAICS
- Automotive Equipment Rental and Leasing (5321), Passenger Car Rental (532111), Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (53212)
- SIC
- Services-Auto Rental & Leasing (No Drivers) (7510), Services-Automotive Repair, Services & Parking (7500), Services-Equipment Rental & Leasing, Nec (7359)
- akta.pro primary industry
- Corporate Mobility & Car Sharing / Pool Fleet Management (TLABAHAO)
- akta.pro secondary industries
- Telematics, GPS Tracking & Connected Fleet Services (THADAKAF), EV Passenger Vehicle Leasing (Cars/SUVs) (TLABAAAH), OEM Embedded Connectivity & Telematics Platforms (TLAEAFAA), Fleet Access & Keyless Systems (Digital Keys, Telematics-Enabled Access Control) (TLABALAI), Used / Refurbished Vehicle Subscription Programs (THADACAL)
Keywords
Where Alt Mobility is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Alt Mobility business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- EV Leasing (Operating Lease): Alt Mobility generates revenue through operating leases of electric commercial vehicles (2-wheelers, 3-wheelers, 4-wheelers) to B2B fleet operators, individual drivers, and corporate employees. The all-inclusive lease covers vehicle cost, registration, insurance, maintenance, and telematics as a bundled monthly payment.
- Asset Management Fees: Revenue is earned from managing EV fleets on behalf of fleet operators through the FleetOS platform, including monitoring, maintenance coordination, and lifecycle management services. Assets under management (AUM) of ₹350 Cr+ indicate the scale of the managed fleet portfolio.
- New Vertical Development (Depots, Battery Refurbishment, Insurance): Alt Mobility is expanding into new verticals including fleet depots, battery refurbishment, insurance services, and the Drive-to-Own model, which represent emerging revenue streams beyond core vehicle leasing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Monthly | All-Inclusive EV Fleet Lease |
| Unit Pricing | Monthly | Flexible Vehicle Configuration |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
Alt Mobility product offering
Product offeringCore offering
Alt Mobility is a full-stack EV leasing and lifecycle management platform that provides electric 2-wheeler, 3-wheeler, and 4-wheeler vehicles on all-inclusive operating leases to B2B fleet operators, individual drivers, and corporate employees across India. The leasing bundles registration, insurance, maintenance, and telematics into a single monthly payment, supported by the proprietary FleetOS platform for real-time tracking, preventive diagnostics, and fleet monitoring, with vehicles delivered to authorized dealers in the customer's city.
Product overview
Alt Mobility operates as a technology-enabled EV leasing and asset management platform offering a modular, platform-plus-services architecture. At its core is the FleetOS Platform — a proprietary EV asset management system providing real-time tracking, preventive diagnostics, and fleet monitoring. This platform is bundled with leasing services across multiple EV vehicle categories (2-wheeler, 3-wheeler, and 4-wheeler for passenger and cargo use), all delivered through all-inclusive lease packages that incorporate registration, insurance, maintenance, and telematics. Additional value-added modules include the Drive-to-Own model (lease-to-own transition), fleet depot and charging infrastructure services, battery refurbishment, and integrated insurance and warranty management — all supported by a network of 7,000+ charging stations and 150+ service garages across India.
Differentiator
Problem solved
Functional benefit
Brands
- FleetOS: EV asset management platform used for real-time vehicle tracking, alerts, preventive diagnostics, and fleet management.
Products and services
- Electric 2-Wheeler (EV Scooter) Leasing Flexible operating leases for electric 2-wheeler scooters designed for last-mile delivery, daily commute, and urban mobility, available in 80–200 km range options with normal and fast charging variants and 100–200 kg payload capacities. Targeted at fleet operators, individual drivers, and corporate employees across India.
- Electric 3-Wheeler (Cargo & Passenger) Leasing Operating leases for 3-wheeler electric vehicles configured for cargo transport and passenger use, integrated with Alt Mobility's full-lifecycle asset management services including FleetOS telematics, maintenance, insurance, and charging access.
- Electric 4-Wheeler (Passenger & Cargo) Leasing Operating leases for electric 4-wheeler vehicles for passenger and cargo fleet operations, bundled with maintenance, insurance, and telematics services as part of the all-inclusive lease package.
- FleetOS EV Asset Management Platform Alt Mobility's proprietary fleet management platform providing real-time vehicle tracking, alerts, preventive diagnostics, and roadside assistance to maximize vehicle uptime for commercial EV fleets under management.
- Drive-to-Own Lease-to-Own Model A lease-to-own product vertical that allows fleet operators to transition from renting to owning EV assets over a defined tenure, enabling ownership without high upfront costs.
Quantifiable outcome
- Up to 62% savings compared to traditional financing rates
- +4 more outcomes
Companies that use Alt Mobility
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Alt Mobility technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Alt Mobility partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and supporting.
- Greaves Electric Mobility (GEML)coreGreaves Electric Mobility and Alt Mobility expanded their partnership to supply and lease 700+ Ampere Magnus SW S electric scooters for India's B2B and last-mile delivery sector. Greaves manufactures EVs at its Ranipet facility, and Alt Mobility leases them under its Drive-to-Own model to fleet operators, with energy infrastructure supported by Indofast Energy.
- Indofast EnergysupportingIndofast Energy provides the charging energy infrastructure supporting the 700+ EV fleet deployed through the Greaves Electric Mobility and Alt Mobility partnership, enabling last-mile delivery and logistics operations.
Scale indicators13 records
Recent moves6 records
Expansion highlights5 records
Alt Mobility competitors and assessment
Company assessmentDirect peers
- SmartE: Indian electric last-mile mobility platform operating EV fleets for e-commerce and quick-commerce delivery. Comparable in B2B EV fleet deployment and last-mile delivery customer segment, though with a different operational model (driver-managed).
- MoEVing: Indian EV leasing platform focused on electric last-mile delivery fleets for e-commerce and logistics companies. Directly comparable to Alt Mobility in target segment (logistics fleet operators), EV category focus, and bundled leasing model.
- RevFin: India-focused digital financing and EV leasing platform for commercial two- and three-wheelers serving drivers and fleet operators. Comparable to Alt Mobility in product (EV asset financing/leasing) and target customer (commercial drivers and small fleet operators).
- Three Wheels United (TWU): Indian financing and leasing platform for electric three-wheeler drivers and fleet operators, with focus on last-mile delivery. Directly comparable in vehicle category (3W), customer base (drivers and fleet operators), and lease-to-own model.
- Lithium Urban Technologies: India-based corporate EV transportation services company providing leased EV fleets with drivers to enterprises. Comparable to Alt Mobility in B2B fleet leasing and EV fleet management, though with a driver-included service model.
- SUN Mobility: Indian EV battery swapping and energy infrastructure platform partnering with fleet operators. Comparable as a complementary EV ecosystem enabler for commercial fleets, with overlapping customer base of fleet operators in Indian cities.
- Yulu: Indian shared electric mobility platform operating electric two-wheeler fleets for delivery partners and consumers. Comparable in EV 2-wheeler category, B2B last-mile delivery focus, and Indian urban operating geography.
Emerging players
- Chargeup: Indian EV financing and battery-as-a-service platform serving drivers and fleet operators with electric two- and three-wheelers. Comparable in EV asset financing, target segment (commercial drivers/fleets), and lease-plus-services bundling.
- Bounce Infinity: Indian EV scooter OEM and rental/leasing platform offering electric two-wheelers with battery-swapping support. Comparable in product (EV 2-wheeler leasing) and target use case (last-mile delivery), though primarily an OEM with leasing as a vertical.
- Euler Motors: Indian EV three-wheeler manufacturer with integrated financing and leasing solutions for commercial fleets. Comparable in 3W EV category, B2B fleet customer base, and bundled asset-plus-financing model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Alt Mobility social profiles
Digital presenceAlt Mobility financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alt Mobility leadership team
Management profileNumber of profiles
Profiles7 records
Alt Mobility funding detail
Funding detailFunding overview
Funding rounds8 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alt Mobility M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Alt Mobility
What does Alt Mobility do?
Alt Mobility is a full-stack EV leasing and lifecycle management platform that provides electric 2-wheeler, 3-wheeler, and 4-wheeler vehicles on all-inclusive operating leases to B2B fleet operators, individual drivers, and corporate employees across India. The leasing bundles registration, insurance, maintenance, and telematics into a single monthly payment, supported by the proprietary FleetOS platform for real-time tracking, preventive diagnostics, and fleet monitoring, with vehicles delivered to authorized dealers in the customer's city.
Is Alt Mobility a public or private company?
Alt Mobility is a private company. It is classified as venture growth investor backed and is currently operating.
When was Alt Mobility founded?
Alt Mobility was founded in 2022. It employs 11 to 50 people.
Where is Alt Mobility based?
Alt Mobility is headquartered in New Delhi, India, in the Asia region.
How does Alt Mobility make money?
Three revenue lines are on record. EV Leasing (Operating Lease) is the primary driver. The others are asset Management Fees and new Vertical Development (Depots, Battery Refurbishment, Insurance).
Who are Alt Mobility's main competitors?
Direct peers on record are SmartE, MoEVing, RevFin, Three Wheels United (TWU), Lithium Urban Technologies, SUN Mobility and Yulu. Emerging players are Chargeup, Bounce Infinity and Euler Motors.
Does Alt Mobility have an API?
No public API is recorded for Alt Mobility.
What industry is Alt Mobility in?
Alt Mobility's product category is EV Fleet Leasing & Asset Management. Its primary akta.pro industry code is TLABAHAO, Corporate Mobility & Car Sharing / Pool Fleet Management, with a secondary code of THADAKAF, Telematics, GPS Tracking & Connected Fleet Services. Its NAICS code is 5321 and its SIC code is 7510.