Alt Mobility raises $6 million in funding to scale up operations

Electric vehicle leasing and lifecycle management platform Alt Mobility on Thursday said it has raised $6 million (nearly Rs 50 crore) in a funding round co-led by Shell Ventures, Eurazeo, EV2 Ventures and Twynam. UC Inclusive, Piper Serica, Pitchright and LetsVenture also participated in the round, which is a mix of equity and venture debt, the company said in a statement.

The capital will be used for hiring engineering team to scale its Electric Vehicle (EV) asset management platform FleetOS, it added.