Alt Mobility bags $10M in Series A led by European VC Eurazeo

Quick Summary:

The EV company will use the funds to expand its fleet to 30,000 vehicles by March 2026 and manage a Rs 800 crore asset under management (AUM) over 18 months.

It will also invest in expanding its digital asset management platform and standardise its battery technology.

Existing investors Shell Ventures, Twynam Earth Fund, and EV2 Ventures also participated in the round, the company said in a statement on Tuesday.

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Article Details

Author / Journalist: Pooja Malik

Category: StartupsEconomyBusiness

Markets: India

Topics: Company Fleet Management Policy Mobility Leasing Expand Privacy Vehicles Electric Asset

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 01:30:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 347 words

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Sentences: 16 lines

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