Alt Mobility Bags Equity Investment from Beyond Capital Ventures

Alt Mobility, a full-stack electric vehicle (EV) as a service company that specialises in integrated leasing and asset management of electric vehicles for commercial fleets, has secured an equity investment from Beyond Capital Ventures (BCV), an emerging markets venture capital fund.

BCV joins Alt Mobility's cap-table alongside other distinguished investors including Shell Ventures, Eurazeo, and EV2 Ventures.

While India's EV market has achieved commendable progress, several structural gaps present long-term, scalable opportunities for investors willing to think beyond vehicles. These include inadequate charging infrastructure beyond Tier-1 cities, nascent battery recycling, limited financing options for informal sectors, and low electrification of commercial fleets.

Alt Mobility is bridging these gaps by bringing together all key players — vehicle manufacturers, lenders, fleet operators, charging point operators and drivers — on one seamless platform. Alt Mobility not only leases vehicles but also offers a complete solution that caters to everything from vehicle standardisation and financing to after-sales management and maintenance, the company said in a statement.

It further added that Alt Mobility's competitive advantage lies in its unique combination of in-house battery tech and service network, no down-payment EV leasing, and asset underwriting, making it the only fully integrated player in Indian EV financing.

"We are charged up for the next phase of growth, unlocking new markets and products, deeper ecosystem integrations with our partners to drive down the total cost of ownership of EVs,” said CEO and Co-Founder of Alt Mobility, Dev Arora.

"India's electric mobility story is one of immense scale and untapped potential — from financing models and battery recycling to infrastructure development and localised manufacturing. Our investment in Alt Mobility exemplifies our strategy of backing stellar founders developing fully integrated platforms that drive systemic change in critical sectors,” said Eva Yazhari, Managing Partner at BCV.