Electric vehicles are our vision of the future; they’re our present, and ALT Mobility is pushing the pedal to the metal. Born in 2020 and making noise in 2025, this cutting-edge startup is taking rapid strides towards achieving India’s green transportation aims by offering a full-stack EV leasing solution custom-built for commercial logistics.
Whether the gig economy worker or the delivery fleet, ALT Mobility is reimagining how India gets around cleanly, intelligently, and frugally.
The Origin of ALT Mobility
Within the last couple of years, the need for sustainable transportation has increased tremendously, particularly in urban areas. ALT Mobility leads the way for India’s move towards sustainable transportation as it offers affordable, dependable, 100% emission-free leasing of EVs, among other services. ALT Mobility was started in 2020 by Dev Arora, Anuj Gupta, Harsh Dev Goyal, Jayant Gupta, and Manas Arora and has been a disruptive force in the EV ecosystem, especially in intracity logistics and commercial vehicle users, very soon.
The Vision Behind ALT Mobility
Founders and Their Mission
ALT Mobility was co-founded by an enthusiastic gang of visionaries: Dev Arora, Anuj Gupta, Harsh Dev Goyal, Jayant Gupta, and Manas Arora. Their united goal is to change the game in the transportation sector such that electric vehicles are available to commercial users, especially in the intra-city logistics sphere. By focusing on mobility as a service, ALT Mobility seeks to simplify the lease and financing of electric vehicles so that delivery professionals and businesses can easily get on board with sustainable practices.
This is ALT Mobility’s mission to make India’s transition to clean mobility smoother and easier with EV adoption. With a focus on Mobility as a Service (MaaS), the company offers full-stack leasing, asset management, and technology-driven solutions that convert businesses, fleet operators, and delivery professionals to go electric with no high tangible costs or complexities of owning.
Key Facts at a Glance
Founding Year: 2020
Founders: Dev Arora, Anuj Gupta, Harsh Dev Goyal, Jayant Gupta, Manas Arora
Funding: $10 million from Shell Ventures, Twynam Earth Fund, and EV2 Ventures59
Industry: EV bikes, electric motors, and commercial vehicle leasing
Headquarters: New Delhi, India
The Need for Sustainable Mobility
With rapid growth in modern cities, there is an enormous need for clean, effective transport solutions. Traditional machines emit dangerous emissions, which result in higher levels of air pollution and climate change. Sustainable mobility is not an option in 2025—it’s essential and an outcome of tech innovation, smart policies, and changing consumption patterns.
Urbanisation and Environmental Impact
With exploding cities and accelerating traffic jams, smog and carbon footprints have never been larger. Experts claim that increasing EV use, expanding bike lanes, and encouraging shared rides can reduce emissions by up to 20% globally by 2025. Clean air and smooth roads are possible.
ALT Mobility’s Role in India’s Green Shift
ALT Mobility is driving the clean transport revolution in the country through its integrated full-stack EV leasing platform. By providing affordable, emission-free cars to businesses and delivery professionals, they have saved about ₹ 200 crore in fuel and 25,000 tons of carbon annually. Their extensive network of 7,000+ chargers in 30+ cities makes green driving easily available and convenient.
The Global Move Toward Smarter Urban Transport
Electric rides, e-bikes, and shared mobility are being adopted across the world’s cities as a response to pollution and congestion. Even in India, EV leasing is a game-changer – helping fleets turn over quickly, save money, and speed up the switch to zero-emission vehicles, especially in cities’ hectic last-mile delivery and logistics sectors.
What Makes ALT Mobility a Game-Changer?
Let’s be honest: EV adoption isn’t only about saving the planet. For companies, it’s about the bottom line. ALT Mobility gets this right in a three-pronged approach:
Cost-friendly leasing plans that benefit delivery partners and logistics players.
Tech-enabled frameworks to monitor, track, and maintain fleets.
Environmentally friendly, emission-free cars that reduce carbon footprints.
Below are five more reasons why ALT Mobility is THE disruptor in India’s EV ecosystem:
Drive-to-Own Model: ALT Mobility’s drive-to-own initiative enables auto drivers, especially those lacking credit history or collateral, to own vehicles. Low entry costs, affordable daily repayments, and all-inclusive leases (including insurance, maintenance, and uptime) make this model work for drivers aspiring to become entrepreneurs instead of daily wage earners.
Comprehensive Support Network: ALT Mobility facilitates easy charging & repairs with over 7,000 charging stations and more than 150 service garages in over 30 cities, ensuring that parking time and productivity are maximised.
Data-Driven Fleet Management: ALT Mobility’s proprietary Fleetos provides real-time tracking, predictive maintenance, and telematics. These insights provided by this technology integration enable businesses to optimise routes, save costs, and achieve maximum fleet uptime.
Scalable Impact: As of 2025, ALT Mobility has leased more than 13,000 vehicles and saved businesses costs of roughly ₹200 crore in fuel expenses and prevented 25,000 metric tons of carbon emissions every year. Their recent $10 million funding will aid in increasing the fleet to 30,000 vehicles and $100 million in assets under management by 2027.
All-Inclusive, Flexible Packages: ALT Mobility’s leasing programs can reduce costs to clients by up to 60% compared to traditional vehicle financing. Packages are fully customizable, including insurance, maintenance, and telematics; paperless onboarding; and fast approvals, inviting large fleets and individual drivers.
ALT Mobility’s innovative business model, strong enabling infrastructure, and tech-enabled solutions are revolutionising EV leasing and enabling affordable, profitable, and practical sustainable mobility for India’s booming logistics and delivery sectors.
How ALT Mobility Works: Full-Stack EV Leasing Platform
ALT Mobility’s platform is designed to solve the specific problems of commercial EV adoption in India. Through a holistic focus, their integrated approach touches every level in a vehicle’s lifecycle, starting with vehicle selection/financing and going through to maintenance and real-time monitoring.
Integrated Asset Management
At the core of ALT Mobility’s offering is the company’s proprietary Fleetos platform. This advanced system provides:
Real-time vehicle tracking
Predictive diagnostics
AI-driven analytics for preemptive maintenance
24/7 roadside assistance
Availability of a huge network of charging stations and service garages
This unified asset management maximises the uptime of vehicles, minimises future disruptions in operation, and increases the life of EV fleets.
Electric Vehicle as a Service (EVaaS)
ALT Mobility’s EVaaS model presents electric vehicles as tools for earning a living. The company provides drivers and fleet operators with reliable and well-maintained vehicles for rent, using the vehicles to increase productivity, reduce costs, and increase profitability, while promoting sustainable transportation at the same time.
Comprehensive Support and Infrastructure
Clients benefit from:
Technical support is available 24/7 for service, repairs, warranty, and claims for insurance.
7,000 automated charging stations and 150+ service garages in 30+ Indian cities.
Seamless access to charging and maintenance, thereby minimising downtime and increasing operational efficiency.
Cost-Effective Leasing Solutions
ALT Mobility’s dynamic leasing mechanisms can save up to 60% of cases compared to traditional vehicle financing, thus facilitating economic entry of the EV into the business world of all sizes.
Innovative Leasing Models: Drive-to-Own and More
Drive-to-own (DCO) is one of the outstanding products of ALT Mobility. This initiative is developed to empower drivers, especially people formerly excluded from regular vehicle ownership because of their poor credit history or the high cost of vehicle acquisition.
How the Drive-to-Own Model Works
The drive-to-own model, also known as lease-to-own or pay-as-you-go (PAYGo), is gaining traction as an alternative system of flexible car ownership compared with traditional car ownership, especially in markets that require lower entry barriers and more financial flexibility.
Here’s an operation with up-to-date insights and one more pointing to modern trends:
Low Entry Costs
Drive-to-own agreements require small down payments in comparison to normal financing, hence making it easy for an individual or a small pool operator to own a vehicle without the need for big startup capital.
Flexible Repayment
Payment structures are tailored to drivers’ cash flows – weekly or monthly payments. Such flexibility is particularly advantageous for people with irregular/seasonal incomes with cash-based models of work, for example, gig economy drivers or those working in the informal sector.
All-Inclusive Lease
Most drive-to-own agreements aggregate the major expenses – insurance, maintenance, and uptime support – into a single payment. This minimises the likelihood of unforeseen costs and makes it easier for users to budget.
Pathway to Ownership
At least at the lease’s expiry, drivers or fleet operators can opt to convert from lease to full ownership; in such cases, they usually make a final payment, or there is a contractual requirement. This way, this model offers a clear, straight path to vehicle ownership, free from the weight of a large balloon payment.
Access to Newer Vehicles and Technology
One strong emerging advantage is that drive-to-own models are often willing to let users use newer vehicles with all the latest technology and safety features. This effectively improves the satisfaction of the drivers while promoting sustainability goals because new models are more fuel-efficient and eco-friendly.
Summary Table
FeatureDrive-to-Own ModelEntry CostsMinimal down paymentRepaymentFlexible (weekly/monthly)Included ServicesInsurance, maintenance, uptime supportOwnership PathTransition to ownership at lease endVehicle AccessNewer, technologically advanced, and more efficient cars
This model helps the emergence of EVs but also provides financial stability and the opportunity to be an asset owner, an entrepreneur, for the owners of e-variants. The reports say that using the DCO model, the drivers can make anything between ₹1,500 and ₹2,500 per day, which is equivalent to a monthly income of up to ₹60,000 and beyond.
Why ALT Mobility Matters in India’s EV Ecosystem
The momentum to move towards sustainable mobility is still building up as governments and industries collaborate to wean down the dependency on ICE vehicles. ALT Mobility’s response speaks to the impediments of EV adoption: high upfront costs, lack of financing, and high operational complexities.
Key Differentiators
Integrated Platform: A seamless experience with the combination of leasing, asset management, and technology is provided by ALT Mobility.
Focus on Commercial Users: Intra-city logistics and last-mile delivery customised solutions are tailored for commercial users.
Robust Support Network: Extensive charging and service infrastructure
Driver Empowerment: New models such as Drive-to-Own promote financial inclusion and entrepreneurship, empowering drivers.
By doing so, ALT Mobility is contributing towards decarbonising the world economy by supporting its goal to find sustainable, affordable, and reliable transport solutions.
ALT Mobility’s Impact and Growth
ALT Mobility is quickly revolutionising India’s EV landscape; more than 10,000 EVs are being used by the company in more than 20 cities. The company recently received $10 million Series A round of funding will enable the firm to grow its fleet to 30,000 vehicles and manage $8,000 crore of assets by March 2026, a fourfold increase in the firm’s asset base.
This upsurge is a result of India’s initiative towards zero-emission vehicles and has saved ₹200 crore of fuel and 25,000 MT of carbon emissions annually.
Recent Milestones
Expansion into New Segments: ALT Mobility has diversified into 4-wheeler light commercial vehicles (LCVs) and electric cars to cater to the increasing demand for a larger range of EV solutions.
Battery-as-a-Service (BaaS): The company’s BaaS model is a subscription model to batteries that reduces initial costs and enables quick battery changes. This model extends vehicle uptime and makes EVs more affordable to cost-sensitive users.
Comprehensive Fleet Management: ALT Mobility provides live diagnostics, charging, and servicing, thereby maximising fleet uptime and operational efficiency.
Drive-to-Own Options: Innovative leasing products help individual drivers to take ownership, making EVs more accessible and helping driver livelihoods.
Additional Point: Digital Asset Management and Ecosystem IntegrationALT Mobility is investing in digital asset management platforms and standardising battery technology as it gets more integrated with partners in the ecosystem of EVs. This strategic focus simplifies operations and reduces the overall cost of EV ownership, thus accelerating EV adoption in India even further.
With more than 7,000 charging stations and 150+ service garages, ALT Mobility has a significant advantage to drive the clean mobility transition in India and to empower not only fleet operators but individuals as well, participating in national sustainability-driven goals.
The Future of EV Leasing in India
Driving DecarbonizationEV leasing reduces up-front costs and financial risk, exponentially accelerating the move to clean transport, powering gig workers, delivery fleets, and corporate vehicles as a whole.
Hot Market Segments
E-2W & E-3W: The foundation on which last-mile delivery and gig economy riders run.
E-4W & E-Buses: Corporate fleets and the public transit system depend on predictability when it comes to pricing.
Electric Trucks: Leasing breaks down high price barriers for logistics players.
Explosive Growth: From $170 million annually today to a $4–5 billion market by 2030, leasing is growing at 73% CAGR, supported by increased financing penetration and positive policy support.
Overcoming Hurdles: The cultural preference for ownership and financing dilemmas finds the answer in smart solutions-bundled services, OEM partnerships, and data-driven risk management, making leasing irresistible.
Bonus: Green & Lean: Leasing propels fleet upgrades, reduces emissions, and releases money, which helps businesses achieve sustainability objectives while reducing expenses. It’s the mobility of the future, with its flexibility and impact-driven approach.
Despite challenges such as financing hurdles and cultural preferences for ownership, policy support and financial innovation are positioning EV leasing as a mainstream mobility solution in India.
FAQs:
1. What makes ALT Mobility’s EV leasing platform unique?
ALT Mobility’s platform takes asset management far beyond what is typically offered in standard leasing. This includes real-time fleet monitoring, predictive diagnostics, access to a massive charging network, and 24/7 support. Their technology-supplemented approach covers the highest vehicle uptime as well as cost efficiency for clients.
2. How does the drive-to-own model benefit drivers and fleet operators?
The drive-to-own model empowers drivers by removing traditional barriers to owning a car, namely high down payments and a poor credit history. It provides flexible, economical leasing with a straight path to ownership for drivers to become asset owners and improve their living standards.
3. What types of vehicles and services does ALT Mobility offer?
Through ALT Mobility’s leasing services, customers have an opportunity to lease electric 2-wheelers, 3-wheelers, and 4-wheelers and are capable of renting for a broad array of commercial and logistics requirements. Their services consist of vehicle leasing and maintenance programs, insurance, fleet management programs, and financing options, all set on a strong technology platform.
ALT Mobility is not just renting electric vehicles; they are creating the fundamentals for a cleaner, more inclusive, and affordable mobility future for India. By bringing innovative technology, flexible financial models, and a commitment to sustainability, ALT Mobility is speeding the development of the nation’s zero-emission transportation.
Conclusion
ALT Mobility is the kind of startup that India requires at the moment—ambitious, practical, and purposeful. With EV leasing streamlined for businesses, delivery partnerships empowered, and advocacy for a cleaner tomorrow, ALT is not just a mobility solution; it’s a movement. It’s a movement.
Whether you are a small business owner or, let’s be honest, just someone who wishes for a greener India, ALT Mobility is something to keep a close eye on. Companies are demonstrating that clean indeed does not mean hard manoeuvres in a world where sustainability is often associated with low returns or high time commitments.