Founded in 2021, Alt Mobility is a full-stack EV leasing platform offering mobility-as-a-service (MaaS) for commercial vehicle users. It simplifies financing and provides reliable technology that supports the transition of intra-city logistics to electric mobility, reducing carbon footprints and improving profitability.
Dev Arora, Co-Founder and CEO of Alt Mobility, outlined plans to allocate significant capital toward scaling operations, aiming to expand vehicle deployments from 10,000 to approximately 30,000 within the next 12 to 18 months. This growth is expected to boost the company’s asset under management (AUM) to nearly ₹800 crore.
Arora also highlighted efforts to broaden the company’s capabilities beyond financing by incorporating aftermarket services, such as access to service and charging infrastructure, through partnerships with third-party providers to facilitate market expansion.
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ShopDeck, a direct-to-brand e-commerce enabler, has raised $8 million in a funding round led by Bessemer Venture Partners, with participation from Elevation Capital, Venture Highway, and Chiratae Ventures. This capital will drive ShopDeck’s mission to empower small and mid-sized businesses.
Many of these are emerging brands exploring D2C for the first time, to achieve profitability and scale and establish their online presence. Co-founder Rishabh Verma shared insights into the funding round, the company’s revenue model, current performance metrics, and goals for the year, including progress toward profitability.
The 44th edition of GITEX Global placed artificial intelligence at the centre of its agenda. It showcased the rapid evolution of AI and its impact on industries across the globe.
With over 6,500 exhibitors, 1,800 startups, and 1,200 investors from 180 countries, this year’s GITEX attracted more than two lakh visitors — its highest international turnout.
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