Advance Mobility, a ride-sharing mobility startup, has raised $3 million from investors including India Accelerator and Finvolve.
Advance Mobility specialises in optimising fleet operations for platforms like Uber, addressing challenges for market players, customers, and drivers.
The funds will be used to scale operations and expand market presence.
Mohit Jalan, Founder of Advance Mobility, said, “We are incredibly thankful to India Accelerator, Finvolve & all our investors for their tremendous support. With changing dynamics, mobility as a solution is emerging as a massive opportunity & Advance Mobility is fully committed to continue expanding in this direction.”
Apoorva Vora of Finvolve said, “We are excited to support Advance Mobility as they push the boundaries of innovation in the mobility industry. Our investment aligns with Finvolve’s mission to back ventures that create meaningful, positive change. We have great confidence in the team’s vision and believe their advancements will shape the future of transportation.”
Founded by Mohit Jalan in 2023, Advance Mobility is a fleet startup operating mainly on the Uber platform. The startup claims to be focused on sustainable mobility solutions and have a 100% CNG fleet of vehicles.
In February this year, the startup announced raising $2 million in a funding round from Finvolve and India Accelerator.
