Advance Mobility Private Limited, a start-up revolutionising the ride-sharing mobility sector, has raised USD 3 million from investors including India Accelerator and Finvolve. The company specialises in optimising fleet operations for platforms like Uber, addressing challenges for market players, customers, and drivers. This funding milestone supports their plans to scale operations and expand market presence.

Apoorva Vora of Finvolve voiced excitement over the investment: “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.”

Future strategy

The funding round has generated significant interest from other funds, top family offices, and investors around the country. This investment is a crucial step for Advance Mobility as it aims to revolutionise the automotive industry with its groundbreaking technologies.

Mohit Jalan, Founder of Advance Mobility, expressed gratitude for the support: “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.”