Electrifying India: This Gurugram startup is driving EV fleet adoption with asset and financing solutions

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The story "Electrifying India: This Gurugram startup is driving EV fleet adoption with asset and financing solutions" was covered 1 weeks ago by YourStory, a news publisher based in India.

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Electrifying India: This Gurugram startup is driving EV fleet adoption with asset and financing solutions - YourStory

Quick Summary:

Founded by Kunal Mundra and Nikhil Aggarwal, Electric Mobility provides end-to-end solutions, including asset selection, leasing, maintenance, post-sales support, refurbishment, and redeployment of EV assets for commercial fleet operators.

Commercial electric vehicle (EV) fleets often face challenges in selecting the right parts from hundreds of OEMs (original equipment manufacturers), maintaining uptime, and securing financing for business operations.

To scale, the startup plans to secure funding from multiple sources, including DFIs, banks, NBFCs, and alternative investment platforms, to meet its goal of deploying $1 billion worth of assets in India over the next four years.