About Advance Mobility
Advance Mobility is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2023 by Mohit Prakash Jalan. Car rental services are provided to customers in urban areas. 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. Advance Mobility was last valued at $27.03 million in August 2024. Its Indian entity Advance Mobility Private Limited reported revenue of ₹65.88 Cr. Advance Mobility offers products and services including Fleet Management Service, Corporate Rentals, and Long-term Leasing. Its focus areas include Consumer, Road Transport Tech, Pooling and Tech Enablers.
Company details
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.
- Headquarters Mumbai, India
- Employees 1
- Founders Mohit Prakash Jalan
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Website advancemobility.io
- Social LinkedIn
- Legal Name Advance Mobility Private Limited
- Date of Incorporation 25 May, 2022
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹65.88 Cr
FY 2025 · +260% YoY
- Net Profit₹1.43 Cr
FY 2025 · 2% margin
- EBITDA₹12.76 Cr
FY 2025 · 19% margin
- Total Equity Funding$5M (USD)
in 3 rounds
- Latest Funding Round$3M (USD), Seed
Aug 2024
- InvestorsCapri Loans
& 38 more
- Employee Count1
Associated legal entities of Advance Mobility
Advance Mobility operates through Advance Mobility Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Advance Mobility Private Limited CIN U71100GJ2022PTC132337 | Active | 25 May 2022 | Ahmedabad, Gujarat | ₹65.9 Cr | 2 | View details |
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.
- Total Funding $5M
- Total Rounds 3
- Last Round Seed — $3M
- First Round $2M
(Dec 2023)
- Investors Count 39
All 3 funding rounds of Advance Mobility with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2024 | $3M | Seed | $27.03M | India Accelerator, Finvolve | |
| Apr 2024 | Seed | – | – | ||
| Dec 2023 | $2M | Seed | $11.02M | Finvolve |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2024 | $27.03M | •••••••• |
| Dec 2023 | $11.02M | •••••••• |
Last known valuation $27.03M (Aug 2024). 39 investors in total: 15 institutional and 24 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup acceleration, funding, and mentorship services are delivered by India Accelerator. | 2017 | indiaaccelerator.co | Gurugram, India | |
Venture capital funding, wealth management, and startup investment services in India. | 2022 | finvolve.co | Gurugram, India | |
Early-stage investments in Fintech, SaaS, and Deep Tech sectors with a focus on capital and advisory support. | 2022 | growthcap.vc | Mumbai, India | |
Multiple sectors are invested in by the private equity fund. | brewopportunitiesfund.tcc.mode | |||
Private equity and boutique advisory firm | 2017 | samarthya.co.in | Mumbai, India | |
Capri Loans is recognized as a leading NBFC in India, offering secured loan products. | 1994 | capriloans.in | Mumbai, India | |
Limited information is available about core activities of Gauri Khan. | gaurikhan.tcc.mode | |||
| nawanagarfingrow.tcc.mode | ||||
Finance and investment advisory services based in India. | 2020 | nvsconsult.com | Mumbai, India | |
Foundation focused on equitable, and democratic society | 2016 | anubhutitrust.org | Mumbai, India |
Investor details for Advance Mobility
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Advance Mobility Private Limited (Advance Mobility)
Advance Mobility Private Limited is the primary company behind Advance Mobility. The board of Advance Mobility Private Limited currently have 2 directors; the longest-serving is Prakash Satyanarayan Jalan, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prakash Satyanarayan Jalan DIN 00652909 | Director | 25 May 2022 | 4 yrs 5 mo | Advance Mobility Private Limited |
| Mohit Prakash Jalan DIN 00652920 | Director | 25 May 2022 | 4 yrs 5 mo | Advance Mobility Private Limited |
People of Advance Mobility
1 people are tracked at Advance Mobility (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Advance Mobility
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Advance Mobility
Figures of Advance Mobility Private Limited, the primary company behind Advance Mobility, for FY 2025. Revenue was ₹65.88 Cr (+260% year on year). Net profit was ₹1.43 Cr (2% margin). EBITDA was ₹12.76 Cr (19% margin).
- ₹65.88 CrRevenue · FY 2025 · +260% YoY
- ₹1.43 CrNet profit · 2% margin
- ₹12.76 CrEBITDA · 19% margin
- ₹2.06 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Advance Mobility Private Limited are on its company page.
Detailed financial statements for Advance Mobility
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Advance Mobility
4 dated milestones of Advance Mobility across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Advance Mobility is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $3.0M.
Top companies in Road Transport Tech
3 companies that operate in the same segment as Advance Mobility (Road Transport Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.83 B | USD 278.63 M | 2,473 | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 798.05 M | USD 19.11 M | 817 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M |
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Related news about 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. The company's 1st funding round was a Seed of $2M, raised on Dec 2023.
Advance Mobility has 1 employees.
The primary company behind Advance Mobility, Advance Mobility Private Limited, reported revenue of ₹65.88 Cr for FY 2025, up 260% year on year.
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 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.
Advance Mobility operates through Advance Mobility Private Limited.
The legal entities of Advance Mobility currently have 2 directors, including Prakash Satyanarayan Jalan, Mohit Prakash Jalan.