Partnership Between TVS Motor and Electric Vehicle Startup ALT Mobility to Roll Out 3,000 Electric Three-wheelers in Fiscal Year 26
In an ambitious move towards sustainable urban mobility, ALT Mobility and TVS Motor Company have announced a partnership to deploy up to 3,000 electric three-wheelers by the fiscal year 2025-26. The collaboration aims to build a stronger zero-emission logistics ecosystem for the country, with ALT Mobility leveraging its Drive-to-own leasing model to target individual drivers and fleet operators for cargo and passenger transportation. This model, along with ALT's integrated lease offerings, aims to make electric vehicle adoption seamless for drivers and fleets. TVS Motor Company, known for its electric three-wheeler portfolio designed for superior range, faster charging, and durability, will provide the TVs. ALT Mobility will procure, lease, and finance them through its ecosystem. This partnership provides ALT Mobility with access to industry-leading TVs and technology, aiding the scalability of their leasing and fleet operations. The TVs will be rolled out through TVS Motor's extensive network of authorized dealers and ALT's points of sales across India. The models, variants, and specifications of the TVs will be jointly finalized. ALT Mobility's integrated asset management offering includes 24/7 vehicle monitoring and predictive maintenance to reduce breakdowns and downtime. This focus on vehicle uptime is shared by TVS Motor Company, as Rajat Gupta, Business Head - Commercial Mobility at TVS Motor Company, emphasizes the collaboration as a step towards enabling large-scale sustainable urban and last-mile mobility. Anuj Gupta, Co-founder & CBO of ALT Mobility, expresses commitment to integrating sustainable mobility with financial inclusion. Through their partnership, higher vehicle uptime, stronger asset utilization, and greater earning potential are expected for drivers and operators. The investors who supported Alt Mobility in a financing round with $6 million in January of last year include Shell Ventures, Eurazeo, EV2 Ventures, and Twynam, although not all are explicitly named in the available search results. This partnership is a significant step forward in ALT Mobility's mission to ensure uptime, assured earnings, and a sustainable livelihood for drivers and operators while promoting a sustainable logistics ecosystem.
Read also:
- EA Relies on Madden and Battlefield to Drive Microtransactions Recovery
- Expense for Creating a Digital Platform for Fantasy Sports
- AI-Enhanced Battery-Swapping Station in Southeast Asia Officially Opens Its Doors
- Honda unveils blueprint for design, advanced driver assistance systems, electric vehicles, fuel efficiency, and technology development
