NEW DELHI: June 7, 2025: Clean tech startup Alt Mobility offers commercial vehicle users Mobility as a Service (MaaS) through its unique leasing model, allowing drivers to own electric vehicles.
For drivers like Suresh Kumar, who reside on the Yamuna River’s banks, the company centralises their needs through its Drivers First model.
For Suresh, the transformation has been significant. “In the past, I would rent a three-wheeler for ₹400 per day. Now, I have my electric vehicle; my costs are down, and I’m earning more,” he says.
With vehicle charging only costing him ₹50 to ₹60 per day, his daily earnings have increased to ₹1,500 to ₹2,000.
In the two-wheeler (2W) and three-wheeler (3W) segments, where driver earnings can fluctuate and vehicle ownership is frequently out of reach, Alt Mobility’s eDriver-Come-Owner (DCO) model has a particularly significant impact.
Alt Mobility offers drivers the chance to become asset owners and take charge of their own lives by leasing directly to them; many of these drivers have previously worked with rented cars or under fleet operators.
According to Alt Mobility, its drivers typically make between ₹40,000 and ₹50,000 per month, with much lower maintenance and fuel costs.
In order to minimise operational inconveniences and maximise vehicle uptime, which is essential for gig and fleet drivers, the company offers integrated lease packages that include insurance, servicing, and breakdown support.
“The true environmental impact lies in the electrification of commercial vehicles,” says Alt Mobility CEO Dev Arora. “Our focus is not just on selling vehicles but on making clean mobility a sustainable livelihood for thousands of drivers.”
EV Adoption Meets Grassroots Reality
A brand-new electric three-wheeler usually costs between ₹50,000 and ₹60,000 up front, and loan approval frequently hinges on stringent documentation and credit history—obstacles that many drivers in the unorganised sector are unable to get past.
These challenges are intended to be removed by Alt Mobility’s leasing model. With its flexible weekly or monthly repayment options and up to 50% lower down payments than conventional bank loans, its cost-effective lease plans let drivers manage cash flows according to their income.
“Drivers can now take ownership with dignity and flexibility instead of being locked out of financing,” says Manas Arora, CFO and co-founder of Alt Mobility.
Charging, Servicing, and Scale
In high-demand regions like Delhi-NCR and Uttar Pradesh, where the company plans to deploy over 2,000 EVs this year, Alt Mobility has partnered with EV infrastructure providers to offer dependable charging access and 24/7 servicing to ensure the smooth operation of its expanding EV fleet.
A proprietary tech platform that monitors vehicle and battery health in real time forms the basis of this endeavour. Telematics data and predictive maintenance alerts help prevent malfunctions while maintaining peak performance, which is essential for fleet productivity and personal income.
Thus, in addition to lowering emissions, Alt’s model promotes financial inclusion, fosters entrepreneurship, and incorporates thousands of low-income drivers into the formal economy of India.
Scaling Up the Green Ladder
Encouraged by its success in the light vehicle segment, Alt Mobility plans to expand into electric light commercial vehicles (LCVs) and passenger EVs, targeting fleet operators, employee transport providers, and ride-hailing drivers on platforms like Ola and Uber. The company’s roadmap includes leasing 7,000 EVs over the next two years, backed by plans to raise additional capital.
According to sources, Alt is in advanced talks with clean-tech and mobility funds who are keen to support scalable models in the EV transition, even though the company has not yet disclosed its funding.
Alt’s model is presented at a time when EV adoption is a social and economic opportunity as well as an environmental necessity. As India chases its 2030 targets for clean mobility, platforms like Alt Mobility offer a blueprint for inclusive electrification—one lease at a time.
