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§ Private Profile · Mumbai, Maharashtra, India
Fleet management company providing CNG and electric vehicles for the ride-sharing industry, focused on sustainable mobility.
Advance Mobility is a fleet management company based in Mumbai, India, that provides compressed natural gas and electric vehicles for the ridesharing industry. The enterprise operates a vehicle-as-a-service model, supplying and maintaining sustainable cars for independent gig-economy drivers who work on major ride-hailing networks. Operating primarily as a fleet partner on the Uber platform, the company manages an active fleet of several hundred vehicles distributed across the Mumbai and Pune markets. To scale its physical vehicle assets and expand its geographic footprint into new cities, the firm recently secured a $3 million funding round, which followed a previous $2 million seed investment. These consecutive capital raises were backed by institutional venture investors including India Accelerator, Finvolve, and Growthcap Ventures. Advance Mobility was founded in 2023 by Mohit Prakash Jalan and Prakash Satyanarayan Jalan.
Advance Mobility has raised $2.0M across 1 funding round.
Advance Mobility has raised $2.0M in total across 1 funding round.
Advance Mobility has raised $2.0M in total across 1 funding round.
Advance Mobility's investors include Apoorva Vora, India Accelerator.
Advance Mobility has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 7, 2024 | $2M Seed | Apoorva Vora | India Accelerator | Announced |