Advance Mobility funding, investors and company details

Advance Mobility is an emerging Automobile startup from Mumbai, working in the space of Operates a sustainable fleet management and ride-sharing platform primarily through Uber partnerships. Founded by Mohit Prakash Jalan.

Company: Advance Mobility Private Limited
Sector: Automobile
Location: Mumbai
Founders: Mohit Prakash Jalan
Total funding raised: ₹25.22 Cr

Company overview

Advance Mobility operates a sustainable fleet management and ride-sharing platform primarily through Uber partnerships, deploying over 600 CNG-powered vehicles with 1,500+ drivers in Mumbai. The company offers tailored solutions like corporate rentals, long-term leasing, and tech-equipped fleets focused on reliability, efficiency, and environmental sustainability across India's mobility value chain. Headquartered in Ahmedabad with Mumbai operations, it emphasizes local roots, scalable expansion, and entrepreneurial opportunities for the unorganized sector.

Funding rounds

Latest round: $ 3.00 Mn (₹25.22 Cr.), 2024-10-21. Investors: Finvolve, India Accelerator
Past round: Undisclosed Amount, 2024-04-15. Investors: GrowthCap Ventures