Alt Mobility Secures $10 Million Funding with Support from Eurazeo and Shell Ventures; Komaki Launches MG PRO Lithium Series and More...

AltMobility a prominent commercial electric vehicle (EV) leasing and asset management company, has successfully raised $10 million in a Series A funding round. The round was led by existing investor Eurazeo, a European venture capital and private equity firm, with participation from other key investors including Shell Ventures, Twynam Earth Fund, and EV2 Ventures.

Komaki Electric Vehicle, a leading name in electric mobility, has unveiled its latest offering, the MG PRO Lithium Series, under its ‘Har Ghar Komaki’ campaign. Priced at an attractive ex-showroom rate of ₹59,999, the model is tailored to cater to the daily commuting needs of Indian households.

AutoNxt Automation, India’s pioneering electric tractor company, recently showcased its innovative 45HP Electric Tractor at CII AgroTech India, now renamed Krishi Bharat, held in Lucknow. The biennial event, a global platform for agricultural stakeholders, has gained recognition for its focus on cutting-edge solutions and modern farming practices.

In a significant move to advance green mobility, Wardwizard Innovations & Mobility Limited, a leading electric vehicle (EV) manufacturer under the brands Joy e-bike and Joy e-rik, has partnered with Ampvolts Limited, a prominent EV charging infrastructure provider. The two companies have signed a Memorandum of Understanding (MoU) to collaborate on developing a robust EV charging infrastructure in India and globally.