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Alt Mobility has raised $10 million (Rs 84 crore) in its Series A funding round, led by Eurazeo, with participation from Shell Ventures, Twynam Earth Fund, and EV2 Ventures. This funding will help the company scale its operations in India, where it currently manages a fleet of 10,000 electric vehicles across 20 cities. Alt Mobility offers an integrated leasing and asset management solution, including vehicle servicing, charging, and real-time fleet diagnostics, enabling a seamless EV adoption experience for fleet operators and individual drivers. With its data-driven approach, the company aims to provide valuable insights that will drive profitability across the EV value chain. Alt Mobility has ambitious plans to expand its fleet to 30,000 vehicles by March 2026 and increase its assets under management (AUM) to Rs 800 crore, a 4x growth over the next 18 months. The company is also focused on enhancing its digital asset management platform and standardizing battery technology. A key part of its strategy includes growing its offerings to the Driver-Cum-Owner segment through innovative “drive to own” options, making vehicle ownership more accessible. Recently, Alt Mobility launched leasing products for 4-wheeler light commercial vehicles (LCVs), cars, and a battery-as-a-service (BaaS) model for second-life vehicles. Dev Arora, Co-founder and CEO of Alt Mobility, expressed excitement for the company's next phase of growth, focusing on unlocking new markets, developing new products, and reducing the total cost of EV ownership through deeper ecosystem integrations. With strong backing from investors like Eurazeo and Shell Ventures, Alt Mobility is well-positioned to make a significant impact in the Indian electric vehicle market and contribute to global decarbonization efforts. https://lnkd.in/fzpnPPW #electricvehicles #evadoption #sustainability #mobility #evinfrastructure #indianstartups #investment #fleetmanagement #greentechnology #cleanenergy AltMobility Eurazeo

EV leasing and lifecycle management firm AltMobility has raised $10 million (about Rs 840 crore) in a Series A round that was led by some of its existing backers, including European venture capital firm Eurazeo. The corporate VC arm of the Dutch energy giant Shell Ventures, Ev2 Ventures, and Twynam also participated in the Series A round. Alt Mobility, currently owns a fleet of 10,000 electric vehicles across 20 cities in India and has leased them to operators and individual drivers. It is well placed to expand its fleet to 30,000 vehicles by March 2026 and grow its assets under management by a factor of four to Rs 800 crore in the next 18 months. The company was founded in 2021 and its platform provides complete lifecycle management of electric fleets, combining leasing with insurance, roadside service, maintenance, charging and parking hubs. Want to deep dive? For premium market intelligence and insights, explore VCCEdge (link in the comment section ??) #SeriesAFunding #ElectricVehicles #VentureCapital #SustainableMobility #VCCEdge Dev Arora

Stockholm-based Candela, a pioneer in electric hydrofoil boats and ferries, has raised an additional €13.3 million ($14 million USD) in its Series C funding round. This brings the company’s total funding for 2024 to over $40 million USD. The funding round was led by SEB Private Equity with participation from EQT Ventures and KanDela AB. Anders J?ngard, Investment Director at SEB Private Equity, remarked, “Candela?is setting new standards in emission-free transportation, transforming waterborne mobility with innovation and scalability.” ???????? ?????? ?????????????? ?? https://lnkd.in/dFr2jmty Graham McCarthy Lars J?rnow Markus Gardbring Anna Mattsson Rydberg Tord Ringenhall Hans Ahlinder Elin Brink Gustav Hasselskog Mikael Mahlberg Mats Zellmer Bj?rn Antonsson Veronica Cargay Johan Wadelius Anna Roald Billgren Louise Gillholm Axel Brangenfeldt Emilia Mehks Zlatko Dangev Joel Eklund Niklas Nordin Fred Mannerfelt Nakul Virat Svante Nilo Bengtsson Maria Rohman #startups #hydrofoil #founders #fundingnews #venturecapital #privateequity #fundingrounds #boats

Windrose Technology, a Chinese electric truck startup with planned factories in the U.S. and Europe, is looking to raise $200 million ahead of its planned US IPO, doubling its initial target of $100 million. Belgium's wealth funds SFPIM and PMV have committed $50 million in equity investment, while Citigroup will provide $50 million in lending as part of the fundraising. Windrose plans to build assembly plants in Europe and the US, amid recently imposed EU tariffs on Chinese EVs due to alleged unfair subsidies. Windrose's US plant in Georgia aims to fulfill its 6,400 truck order book. https://lnkd.in/e-Cj9wtb #Windrose #ElectricTrucks #EVs #IPO #Fundraising #AutomotiveIndustry #BusinessNews #TechNews

We're Electrified! ?? Alt Mobility Secures $10 Million in Series A Funding! Thrilled to announce that we have closed a $10 million Series A funding round led by Eurazeo, with continued support from our existing investors - Shell Ventures, Twynam Earth Fund, Ev2 Ventures, LetsVenture, PitchRight Ventures & Angel Investors.? This is a huge milestone for us, and a testament to the incredible potential in the growth of the EV ecosystem supported by EV leasing and asset management. We're gearing up to expand our EV fleet to over 30,000 vehicles within the next two years. We'll be investing heavily in our digital asset management platform, streamlining EV journey for drivers and fleet operators. This investment is a major vote of confidence in the future of electric mobility in India from global Investors, and Alt Mobility is proud act as a catalyst for this growth. Join our mission in powering a cleaner, more sustainable future of transportation! More here: https://lnkd.in/gX5RVxKX Anuj Gupta Dev Arora Harsh Dev Goyal Jayant Gupta Manas Arora Julien Mialaret Ernest Xue Matthieu Bonamy Robert M Linck Christine Vincent Jonathan Green Karann Mittal Amit Patel Abhay Agarwal Rajat Babbar Sumeet Singh Raksh Anand Priyank Jha #EVLeasing #ElectricMobility #AltMobility #SustainableTransportation #CleanEnergy #Innovation #Tech #FutureofMobility

Super stuff by Macquarie Group. We would need many more such services driven platforms to seed the large scale adoption of high value EVs, specially in logistics and transport space. The demand committed by this platform will percolate to many startups building for the space and have cascading effects on ancillary demand through large scale operations. Exciting times ahead for the EV industry as a whole with many innovations across the board in services and products. We, at Axilor Ventures are committed to catalyzing clean mobility and supporting entrepreneurs solving hard problems that enable faster adoption and tech transition through innovative business models and products. #cleanmobility #sustainablemobility #cleantech #climatetransition #climate #mobility #startups #investments #venturecapital #EV #electricmobility #electricvehicles

The electric revolution is charging ahead! ? AltMobility, India’s leading commercial EV leasing and asset management platform, has raised $10 million in Series A funding led by Eurazeo, with participation from Shell Ventures, Twynam Earth Fund, and Ev2 Ventures. Here’s what this means: Fleet Expansion: Scaling to 30,000 vehicles by March 2026. Growth in AUM: Managing assets worth ?800 crore over 18 months. Tech Investments: Advancing battery standardization and digital asset management platforms. Innovative Solutions: Launching “drive-to-own” models, leasing for light commercial vehicles, and Battery-as-a-Service (BaaS) for second-life EVs. With a current fleet of 10,000 EVs across 20 cities, ALT Mobility is transforming India’s EV ecosystem by offering low-cost, high-uptime solutions that integrate leasing, charging, and real-time monitoring. ???? ?? “Alt Mobility’s operational leasing model addresses the urgent need for accessible, sustainable transportation in India,” said the team at Eurazeo. This incredible journey, led by Dev Arora (CEO) showcases the power of innovative leadership in creating a sustainable future. ?? #ElectricVehicles #GreenFuture #StartupIndia #Sustainability #AltMobility

AltMobility, a leader in sustainable transportation solutions, has successfully raised $10 million in funding from Eurazeo and Shell. This investment will accelerate the company’s mission to revolutionize mobility through eco-friendly, electric vehicle (EV) infrastructure and innovative fleet management solutions. With a focus on reducing carbon footprints and enhancing the adoption of EVs, Alt Mobility is well-positioned to drive the future of green transportation. #SustainableTransport #EV #GreenTech #Funding #electricvehiclesnews?#evtimes?#autoevtimes?#evbusines

AltMobility Closes USD 10 Million Funding Round Backed by Eurazeo and Shell Ventures https://lnkd.in/gYMt--Vw Twynam Ev2 Ventures Dev Arora Ernest X. Julien Mialaret #electricvehicles #emobility #EV #greenmobility #sustainabletransportation #sustainablemobility #cleanmobility #EVindustry #EVadoption #investors EVolution Auto India