Alt Mobility

Founders

• Dev Arora
• Anuj Gupta
• Jayant Gupta
• Manas Arora
• Harsh Goyal

Our Investment Thesis

Alt Mobility is a commercial electric fleet leasing and lifecycle management platform helping logistics companies transition to electric vehicles without high upfront capital. With EVs offering 30–50% lower total cost of ownership than diesel or CNG fleets, demand is rising, but adoption is slowed by financing gaps, operational risks, and lack of resale infrastructure.

Alt solves this through FleetOS, its integrated platform for vehicle selection, leasing, underwriting, telematics, maintenance, insurance, charging, and redeployment. By bundling zero-down leasing with services like real-time tracking, predictive diagnostics, and driver behavior monitoring, Alt ensures high fleet uptime and predictable costs for operators.

For financiers, the company reduces risk through first-loss protection, redeployment assurance, and data-driven portfolio management. For OEMs, it enhances vehicle feedback and lifecycle performance, while enabling infrastructure providers to better plan charging and parking deployments.

Compared to bank financing, Alt’s subscription model offers lower monthly payments, bundled service, and flexibility to upgrade or return vehicles. Its model of refurbishing and redeploying EVs further maximizes asset value over longer lifecycles.

Led by experienced founders with backgrounds in solar asset financing, technology, and energy storage, Alt Mobility is positioned to scale rapidly, aggregating demand, supply, and capital to drive India’s EV fleet transition.