About Advance Mobility
Advance Mobility is a company based in Mumbai (India) founded in 2023 by Mohit Prakash Jalan. Advance Mobility has raised $5 million across 3 funding rounds from investors including Capri Loans, Madhu Silica and India Accelerator. The company has 1 employees as of March 23, 2024. Advance Mobility offers products and services including Fleet Management Service, Corporate Rentals, and Long-term Leasing. Advance Mobility operates in a competitive market with competitors including EV Mobility, Ecov, CovEvent, Fstr and CANGO Mobility, among others.
- Headquarter Mumbai, India
- Employees 1 as on 23 Mar, 2024
- Founders Mohit Prakash Jalan
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Advance Mobility Private Limited
- Date of Incorporation 25 May, 2022
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$4.5 K (USD)0as on Mar 31, 2023
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Net Profit
-$678.25 (USD)0as on Mar 31, 2023
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EBITDA
-$497.9 (USD)0as on Mar 31, 2023
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Total Equity Funding
$5 M (USD)
in 3 rounds
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Latest Funding Round
$3 M (USD), Seed
Aug 31, 2024
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Investors
Capri Loans
& 38 more
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Employee Count
1
as on Mar 23, 2024
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Products & Services of Advance Mobility
Advance Mobility offers a comprehensive portfolio of products and services, including Fleet Management Service, Corporate Rentals, and Long-term Leasing.
Offers scalable fleet management for business efficiency and sustainability.
Provides flexible vehicle rentals tailored to corporate needs.
Delivers cost-effective long-term vehicle leasing solutions.
Funding Insights of Advance Mobility
Advance Mobility has successfully raised a total of $5M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Advance Mobility
Advance Mobility has secured backing from 39 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Capri Loans, Madhu Silica and India Accelerator.
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Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
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Venture capital funding, wealth management, and startup investment services in India.
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Early-stage investments in Fintech, SaaS, and Deep Tech sectors with a focus on capital and advisory support.
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Investor details for Advance Mobility
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Investments & Acquisitions by Advance Mobility
Investment portfolio details for Advance Mobility
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Financial Statements - Advance Mobility
Detailed financials for Advance Mobility
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Advance Mobility Comparisons
Peer comparison for Advance Mobility
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Competitors of Advance Mobility
Advance Mobility operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EV Mobility, Ecov, CovEvent, Fstr and CANGO Mobility, among others.
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Electric car-sharing services are provided for residential properties.
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Carpooling infrastructure is facilitated via digital and physical networks.
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White-label carpooling software is offered for events and businesses.
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B2B carpooling platform is offered for employee ride sharing.
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Offers software for real-time vehicle data, fleet efficiency, and telematics integration services.
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Detailed competitors of Advance Mobility
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Latest news on Advance Mobility
Complete news archive for Advance Mobility
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Frequently Asked Questions about Advance Mobility
Advance Mobility was founded in 2023.
Advance Mobility is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Advance Mobility is a funded company, having raised a total of $5M across 3 funding rounds to date.
As of Mar 23, 2024, the latest employee count at Advance Mobility is 1.
Annual revenue of Advance Mobility is $4.5K as on Mar 31, 2023.
Advance Mobility was founded in 2023 and operates as a car rental provider in the mobility sector. Services are centered on vehicle rentals for personal and business use, with operations based in Mumbai, India. The company focuses on accessible transportation solutions within the local market, supported by a founder-led structure. Expansion plans are aligned with urban demand in India, ensuring reliable fleet management and customer support.
Advance Mobility's top competitors include Karos, EV Mobility and Ecov.
Advance Mobility offers Fleet Management Service, Corporate Rentals, and Long-term Leasing.
Advance Mobility has 39 investors. Key investors include Capri Loans, Madhu Silica, India Accelerator, Ratna Group, and Anubhuti Trust.
The valuation of Advance Mobility is $27.03M as of Aug 2024.