About Alt Mobility
Alt Mobility is a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2020 by Anuj Gupta, Jayant Gupta, Manas Arora, Harsh Dev Goyal, and Dev Arora. It operates as an electric vehicle leasing and lifecycle management are offered to businesses. Alt Mobility has raised $29.23 million across 7 funding rounds from investors including Shell, UC Inclusive Credit and LetsVenture. The company has 61 employees. Alt Mobility was last valued at $6.3 million in October 2022. Its chief executive is Dev Arora. Its website alt-mobility.com draws about 18 thousand monthly visits. Its Indian entity Alt Nrg Private Limited reported revenue of ₹63.40 Cr. Alt Mobility offers products and services including EV Leasing Service and FleetOS Platform. Its focus areas include Consumer, Logistics Tech, Parcel and Electric Delivery Vehicles. Its competitors include FYN Mobility, Fullfily, FAE, Entoo and bud-e and 3 more; 3 of its 8 listed competitors have raised funding.
Company details
Founded in 2020 and based in Delhi, India, Alt Mobility operates in the electric vehicle sector. Leasing and comprehensive lifecycle management solutions are provided for business fleets. Real-time tracking, predictive diagnostics, remote monitoring, and roadside assistance are included. The entire vehicle lifecycle, from procurement to ownership, is supported, with oversight of location, usage, and asset health maintained across operations.
- Headquarters Delhi, India
- Employees 61
- Founders Anuj Gupta, Jayant Gupta, Manas Arora, Harsh Dev Goyal, Dev Arora
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website alt-mobility.com
- Social LinkedIn X Facebook
- Legal Name Alt Nrg Private Limited
- Date of Incorporation 29 May, 2020
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹63.40 Cr
FY 2025 · +122% YoY
- Net Profit₹8.49 Cr
FY 2025 · 13% margin
- EBITDA₹48.00 Cr
FY 2025 · 76% margin
- Total Equity Funding$29.23M (USD)
in 7 rounds
- Latest Funding Round$11.88M (USD), Series B
Jan 2026
- InvestorsShell
& 12 more
- Employee Count61
Associated legal entities of Alt Mobility
Alt Mobility is associated with 9 registered companies on The Company Check; the primary company is Alt Nrg Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Alt Nrg Private Limited CIN U40106DL2020PTC364111 | Active | 29 May 2020 | New Delhi, Delhi | ₹63.4 Cr | 61 | 8 | View details |
| Alt Nrg Finance Private Limited CIN U64990DL2024PTC434532 | Active | 24 Jul 2024 | New Delhi, Delhi | – | – | 2 | View details |
| Alt Nrg Assets Ii Private Limited CIN U35105DL2024PTC434125 | Active | 15 Jul 2024 | New Delhi, Delhi | ₹0.3 Cr | – | 3 | View details |
| Elektrowagen Motors Ix Llp CIN ABZ-6713 | Strike Off | 30 Dec 2022 | New Delhi, Delhi | – | – | 2 | View details |
| Elektrowagen Motors X Llp CIN ABZ-3351 | Strike Off | 06 Dec 2022 | New Delhi, Delhi | – | – | 2 | View details |
| Elektrowagen Motors Vi Llp CIN ABZ-3232 | Strike Off | 05 Dec 2022 | New Delhi, Delhi | – | – | 2 | View details |
| Elektrowagen Motors Viii Llp CIN ABZ-3268 | Strike Off | 05 Dec 2022 | New Delhi, Delhi, India | – | – | – | View details |
| Elektrowagen Motors Vii Llp CIN ABZ-3003 | Strike Off | 02 Dec 2022 | New Delhi, Delhi, India | – | – | – | View details |
| Elektrowagen Motors One Llp CIN ABB-9596 | Active | 02 Aug 2022 | New Delhi, Delhi, India | – | – | – | View details |
Products & Services of Alt Mobility
Alt Mobility offers a comprehensive portfolio of products and services, including EV Leasing Service and FleetOS Platform.
Provides leasing and management for electric vehicles to fleets.
Offers real-time tracking and diagnostics for vehicle fleets.
Funding Insights of Alt Mobility
Alt Mobility has successfully raised a total of $29.23M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $11.88 million completed in January 2026. 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 $29.23M
- Total Rounds 7
- Last Round Series B — $11.88M
- First Round $99,845
(Mar 2022)
- Investors Count 13
All 7 funding rounds of Alt 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 |
|---|---|---|---|---|---|
| Jan 2026 | $11.88M | Series B | – | Alpha Alternatives | – |
| Mar 2025 | $804,430 | Series A | – | – | |
| Apr 2024 | $10M | Series A | – | Eurazeo | |
| Jan 2024 | – | Debt – Venture | – | – | |
| Sep 2023 | $6M | Seed | – | Twynam, Ev2 Ventures | |
| Oct 2022 | $449,324 | Seed | $6.3M | PitchRight Ventures | |
| Mar 2022 | $99,845 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2022 | $6.3M | •••••••• |
Last known valuation $6.3M (Oct 2022). 13 investors in total: 12 institutional and 1 angel.
Investors in Alt Mobility
Alt Mobility has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Shell, UC Inclusive Credit and LetsVenture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are provided to smart mobility sector startups. | – | ev2.vc | Gurugram, India | |
Private equity and debt investments are managed across multiple sectors. | 1969 | eurazeo.com | Paris, France | |
Private debt and equity funds are managed for technology sectors. | – | trifectacapital.in | Gurugram, India | |
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Early-stage venture capital firm investing in diverse sectors with a founder-first approach. | 2016 | pitchright.ventures | Mumbai, India | |
Venture capital fund investing in multiple sectors | – | beyondcapitalventures.com | New York, United States | |
Shell is recognized as a global energy and petrochemical company. | 1907 | shell.com | London, United Kingdom | |
Agri conglomerate producing multiple food crops and livestock | – | twynam.com | Sydney, Australia | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Provider of financial inclusion services to underserved sectors | 2016 | ucinclusive.in | Bengaluru, India |
Investor details for Alt 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 Alt Nrg Private Limited (Alt Mobility)
Alt Nrg Private Limited is the primary company behind Alt Mobility. The boards of the 6 registered companies of Alt Mobility currently have 9 directors; the longest-serving is Manas Arora, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manas Arora DIN 07324659 | Designated Partner | 05 Dec 2022 | 3 yrs 10 mo | Elektrowagen Motors Vi Llp, Elektrowagen Motors X Llp, Elektrowagen Motors Ix Llp, Alt Nrg Private Limited, Alt Nrg Assets Ii Private Limited |
| Dev Arora DIN 07095205 | Designated Partner | 05 Dec 2022 | 3 yrs 10 mo | Elektrowagen Motors Vi Llp, Elektrowagen Motors X Llp, Elektrowagen Motors Ix Llp, Alt Nrg Private Limited |
| Karan Vinay Mittal DIN 06482693 | Nominee Director | 16 Sep 2023 | 3 yrs 1 mo | Alt Nrg Private Limited |
| Anuj Gupta DIN 07442134 | Director | 16 Sep 2023 | 3 yrs 1 mo | Alt Nrg Private Limited, Alt Nrg Assets Ii Private Limited |
| Christine DIN 08797104 | Nominee Director | 23 Apr 2024 | 2 yrs 5 mo | Alt Nrg Private Limited |
| Ernest Xue Renkai DIN 10724750 | Nominee Director | 13 Aug 2024 | 2 yrs 2 mo | Alt Nrg Private Limited |
| Jainaji Tukaram Ranvir DIN 10913974 | Director | 25 Feb 2025 | 1 yr 7 mo | Alt Nrg Finance Private Limited |
| Jayant Gupta DIN 07801239 | Additional Director | 10 Apr 2026 | 6 mo | Alt Nrg Private Limited, Alt Nrg Finance Private Limited |
| Naresh Lakshman Singh Kothari DIN 00012523 | Nominee Director | 10 Apr 2026 | 6 mo | Alt Nrg Private Limited |
People of Alt Mobility
14 people are tracked at Alt Mobility (7 in leadership, 7 in team); the tracked headcount is 61.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CBO | Leadership | |
| Co-Founder & CCO | Leadership | |
| Co-Founder & CFO | Leadership | |
| Co-Founder & CPO | Leadership | |
| Co-Founder & CEO | Leadership | |
Raksh Anand | Head Of Engineering | Leadership |
Sumeet Singh | Chief Strategy Officer (cso) | Leadership |
Soham Sunthankar | Manager - Business Development | Team |
Mudit Bajaj | Senior Human Resources Generalist | Team |
Yashika Tyagi | Key Account Manager | Team |
Komal Rastogi | Finance Associate | Team |
Chetan Sarkar | Lead Business Operations | Team |
Surbhi Rawal | Finance Manager | Team |
Saif Husain Ansari | Software Engineer | Team |
Complete people profiles for Alt 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 Alt Mobility
Figures of Alt Nrg Private Limited, the primary company behind Alt Mobility, for FY 2025. Revenue was ₹63.40 Cr (+122% year on year). Net profit was ₹8.49 Cr (13% margin). EBITDA was ₹48.00 Cr (76% margin). Revenue has grown at a compounded annual rate of +1251% over three years.
- ₹63.40 CrRevenue · FY 2025 · +122% YoY
- ₹8.49 CrNet profit · 13% margin
- ₹48.00 CrEBITDA · 76% margin
- ₹57.4 LakhPaid-up capital
- 61Employees (provident fund records)
- +1251%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Alt Nrg Private Limited are on its company page.
Detailed financial statements for Alt 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 Alt Mobility
4 dated milestones of Alt Mobility across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Alt Mobility is founded.
- Funding First funding round of $100K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $11.9M.
Competitors of Alt Mobility
Alt Mobility has 8 listed competitors in our database, 3 of them funded. They include FYN Mobility, Fullfily, FAE, Entoo and bud-e, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fynmobility.com | 2013 | Chennai, India | $7.22M | 106 | Platform offering electric mobility solutions | |
| fullfily.com | 2021 | Chennai, India | $1.78M | 79 | Electric delivery vehicles are rented via an online platform. | |
| faebikes.com | 2016 | Bengaluru, India | $683,602 | 68 | Electric scooter rentals and business delivery solutions are provided. | |
| entoo.com | 2019 | Bengaluru, India | – | 66 | Platform offering solutions for electric vehicle fleet management. | |
| bud-e.in | 2021 | Hyderabad, India | – | 25 | Electric scooter sharing is facilitated via a mobile application. | |
| greendrivemobility.com | 2019 | Bengaluru, India | – | 28 | Operates an online platform for renting electric two-wheelers tailored for delivery professionals. | |
| gofuel.in | 2020 | Chennai, India | – | – | Door-to-door diesel delivery through mobile app for on-demand fuel needs. | |
| leazex.com | 2023 | Gurugram, India | – | – | LeazeX Mobility provides an online platform for leasing electric delivery vehicles. |
Detailed competitors of Alt Mobility
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Alt Mobility
The website of Alt Mobility (alt-mobility.com) receives about 17.6K visits a month.
- Monthly visits17.6K
▲ 38.1% vs previous month
Websites whose visitors overlap most with Alt Mobility. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| massivemobility.in | 100% | – | – | View details | |
| urjamobility.in | 90% | – | – | View details | |
| etrio.in | 37% | 1.5K | #11,437,912 | View details |
Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as Alt Mobility (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.85 B | – | 11 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,381 |
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Frequently Asked Questions about Alt Mobility
Alt Mobility was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Alt Mobility is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Dev Arora is the current CEO of Alt Mobility. They have also founded this company.
Alt Mobility is a funded company, having raised a total of $29.23M across 7 funding rounds to date. The company's 1st funding round was a Seed of $99.85K, raised on Mar 2022.
Alt Mobility has 61 employees.
The primary company behind Alt Mobility, Alt Nrg Private Limited, reported revenue of ₹63.40 Cr for FY 2025, up 122% year on year.
Founded in 2020 and based in Delhi, India, Alt Mobility operates in the electric vehicle sector. Leasing and comprehensive lifecycle management solutions are provided for business fleets. Real-time tracking, predictive diagnostics, remote monitoring, and roadside assistance are included. The entire vehicle lifecycle, from procurement to ownership, is supported, with oversight of location, usage, and asset health maintained across operations.
Alt Mobility's top competitors include FYN Mobility, Fullfily and FAE.
Alt Mobility offers EV Leasing Service and FleetOS Platform.
Alt Mobility has 13 investors. Key investors include Shell, UC Inclusive Credit, LetsVenture, Eurazeo, and Alteria Capital.
The valuation of Alt Mobility is $6.3M as of Oct 2022.
Alt Mobility is associated with 6 legal entities: Alt Nrg Private Limited, Elektrowagen Motors Vi Llp, Elektrowagen Motors X Llp and others.