Twynam co-led a $3 million Pre-Series A funding round for Alt Mobility, a startup focused on enhancing the adoption of electric vehicles in India.

Information on the Target

Alt Mobility, founded in 2021 by entrepreneurs Dev Arora, Anuj Gupta, Manas Arora, Harsh Goyal, and Jayant Gupta, is a forward-thinking startup focused on addressing barriers to the adoption of electric vehicles (EVs) in India. The company has developed a comprehensive ecosystem that integrates financing, vehicle management, and maintenance services. Alt Mobility offers a unique 'full-stack' EV leasing product that is significantly more cost-effective than traditional financing options, making it easier for businesses to transition to electric fleets.

With innovative solutions such as FleetOS, Alt Mobility provides real-time monitoring of EVs, ensuring predictive and preventive maintenance alerts. This technological advantage not only enhances the operational efficiency of fleet partners but also guarantees greater vehicle uptime and utilization. Alt's integrated approach allows it to aggregate demand and data from various stakeholders, ultimately driving down costs and facilitating broader access to electric vehicles.

Industry Overview in India

The electric vehicle market in India is poised for substantial growth, with electrification becoming increasingly imperative. Currently, the transport sector contributes about 14% of India's emissions—a compelling reason for the urgent transition to EVs. Traditional internal combustion