Beyond Capital Ventures, an emerging markets venture capital fund investing in the future of global growth, is pleased to announce its recent investment in Alt Mobility, a full stack electric vehicle as a service company that specializes in integrated leasing and asset management of electric vehicles for commercial fleets.
BENGALURU, India, May 8, 2025 /PRNewswire-PRWeb/ -- Beyond Capital Ventures (BCV), an emerging markets venture capital fund investing in the future of global growth, is pleased to announce its recent investment in Alt Mobility, a full stack electric vehicle as a service (EVaaS) company that specializes in integrated leasing and asset management of electric vehicles for commercial fleets. BCV joins Alt Mobility's cap-table alongside other distinguished investors including Shell Ventures, Eurazeo, and EV2 Ventures.
While India's EV sector 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 standardization and financing to aftersales management and maintenance. 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.
Alt Mobility aims to expand its fleet to 30,000 vehicles and achieve an ~$100M asset under management (AUM) by March 2027. It will also be investing in expanding its digital asset management platform and standardising its battery technology.
CEO & Co-Founder of Alt Mobility, Dev Arora, said, "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."
Eva Yazhari, Managing Partner at Beyond Capital Ventures, said, "India's electric mobility story is one of immense scale and untapped potential — from financing models and battery recycling to infrastructure development and localized manufacturing. Our investment in Alt Mobility exemplifies our strategy of backing stellar founders developing fully integrated platforms that drive systemic change in critical sectors."
ABOUT ALT MOBILITY
Founded in 2021 and headquartered in New Delhi, India, Alt Mobility is a full-stack electric fleet leasing platform that drives rapid EV adoption through asset management. With a fleet of 13,000 vehicles and assets under management of over $30M across 30 Indian cities leased to fleet operators and drivers, the company offers a comprehensive solution, including leasing, servicing, charging, real-time fleet monitoring, and data-driven insights to ensure low total cost of ownership and maximum fleet uptime.
Visit alt-mobility.com for more information.
ABOUT BEYOND CAPITAL VENTURES
Beyond Capital Ventures is an emerging markets venture capital firm, building a diversified, dynamic, and de-risked portfolio with a strong focus on driving performance. The firm invests in the next wave of innovations that address the growing needs of more than one billion consumers in India and East Africa. Beyond Capital Ventures backs conscious leaders building businesses to address growing demand in essential sectors, primarily in healthcare, financial services, and climate (agriculture, mobility, climate data).. The Fund also pioneers an Equitable Venture structure that provides founders in the portfolio with a profit share in the General Partner carry pool upon meeting predetermined performance milestones.
Visit www.beyondcapitalventures.com for more information.
This notice does not constitute an offer to sell any security. Any offer will be made only by delivery of a complete private placement memorandum.
Media Contact
Madison Phelps, Beyond Capital Ventures, 1 972.891.2664, [email protected], https://www.beyondcapitalventures.com/
SOURCE Beyond Capital Ventures
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