Alt Mobility to deploy 15,000 EVs to Zypp Electric.
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Alt Mobility to deploy 15,000 EVs to Zypp Electric.

Alt Mobility supplied 300 EVs to Zypp in July.

IIT Delhi-based Alt Mobility has partnered with Zypp Electric to lease 15,000 electric two-wheelers to facilitate last-mile deliveries. Alt Mobility provides electric vehicle as a service (EVaaS) for logistics and last-mile deliveries.

Dev Arora, Cofounder & CEO of Alt Mobility, said, “Alt’s exclusive EV leasing platform helps unlock scale for commercial fleet electrification by partnering with domestic banks and international financing institutions to mobilize low-cost debt. Alt provides credit enhancement, redeployment, resale assurance, first loss protection, asset underwriting, and asset management to remove barriers for financing institutions to participate in India’s EV transition. With this approach, we are able to take higher exposures and place bigger bets on our partners.

Raashi Agarwal, Co-founder & CBO of Zypp, said, “We are on a mission to build efficient and sustainable transportation for intra-city deliveries in India. Our partnership with Alt is a big step in our commitment and enables us to remain asset-light while blitz scaling our nationwide expansion.

Also Read: Exponent and Altigreen unveil the worlds fastest charging three-wheeler neEV HD.

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