Electric three-wheeler collaboration: TVS Motor joins forces with ALT Mobility for deployment of 3,000 electric vehicles in fiscal year 2026
In a significant move towards sustainable and cost-efficient transportation solutions, TVS Motor Company and ALT Mobility have announced a partnership. This collaboration aims to deploy up to 3,000 electric three-wheelers, both for passenger and cargo transportation, during the fiscal year 2025-26.
Founded in 2021, ALT Mobility is a startup known as India's largest full-stack EV leasing and lifecycle management provider. The company was co-founded by Dev Arora, Anuj Gupta, Manas Arora, Harsh Goyal, and Jayant Gupta. Last year, ALT Mobility led a financing round of $6 million, co-led by notable investors Shell Ventures, Eurazeo, EV2 Ventures, and Twynam.
The electric vehicles will be rolled out through TVS Motor's extensive network of authorized dealers and ALT's points of sales across India. TVS Motor Company will provide the vehicles, while ALT Mobility will procure, lease, and finance them through its ecosystem.
ALT Mobility's integrated asset management offering includes 24/7 vehicle monitoring and predictive maintenance to reduce breakdowns and downtime. This approach ensures higher vehicle uptime, stronger asset utilization, and greater earning potential for drivers and operators.
Anuj Gupta, Co-founder & CBO of ALT Mobility, expressed a commitment to building scalable solutions that integrate sustainable mobility with financial inclusion. He stated, "Our partnership with TVS Motor Company is a significant step towards our mission of making electric vehicle adoption seamless for drivers and fleets."
Rajat Gupta, Business Head - Commercial Mobility at TVS Motor Company, emphasized the collaboration as a step towards enabling sustainable urban and last-mile mobility at scale. He said, "We are excited to partner with ALT Mobility to provide our industry-leading electric three-wheelers to a wider audience, contributing to a cleaner and more efficient transportation system."
The models, variants, and specifications of the electric vehicles will be jointly finalized to best serve customer needs. The collaboration aims to ensure uptime, assured earnings, and a sustainable livelihood for drivers and operators while building a stronger zero-emission logistics' ecosystem for the country.
The partnership with TVS Motor Company provides ALT Mobility access to industry-leading vehicles and technology to scale its leasing and fleet operations effectively. This partnership is a testament to both companies' commitment to a greener and more sustainable future for India's transportation sector.
