Alt Nrg Private Limited

Business Overview

Alt Nrg Private Limited operates under the consumer brand "Alt Mobility," India's electric-vehicle (EV) leasing and asset-management provider. It offers EV leasing across 30+ models, an integrated fleet asset-management platform (FleetOS), all-inclusive lease packages (registration, insurance, maintenance, telematics), 24/7 fleet support, and access to a network of 7,000+ charging stations and 150+ service garages for B2B fleets, individual drivers and corporate employees. Reported scale: 16,000+ vehicles leased, ₹350 Cr+ assets under management (AUM), operations in 37+ cities, claimed ₹150 Cr in fuel-cost savings and 67.8 Cr Kg/year carbon offset. [Source: alt-mobility.com — official site; TheCompanyCheck corroborates the "EV leasing and lifecycle management through its Alt Mobility brand" description]. DPIIT-recognised startup [TheCompanyCheck]. Workforce: ~61 employees per EPFO registration data [TheCompanyCheck].

Sector & Classification

Electricity, Gas & Water — "Distribution of solar energy and low-carbon solutions" per Tofler NIC mapping; TheCompanyCheck instead tags NIC "E-Commerce/Online Automotive Platforms" (activity code M9 - other professional/scientific/technical). Actual operating business (per company website) is EV leasing & fleet asset management under the "Alt Mobility" brand — a source conflict on NIC classification, business description from the official site is more reliable for the operating business.

Directors & Key Management

GST Registrations

Not obtained. Attempts to resolve GSTIN(s) against PAN AATCA4993Q via KnowYourGST and MastersIndia did not return machine-readable results (both are JS-driven search tools that could not be queried via static fetch). Home state is presumptively Delhi (registered address/RoC), but no specific GSTIN, registration count, or status could be confirmed from a source and is not reported to avoid inventing a number.

Financials

FY2024 (per Tofler, directional/% change only — absolute figures paywalled): Total Revenue +127.04% YoY, EBITDA +31.59% YoY, Net Worth +763.1% YoY, Borrowings -24.0% YoY; operating revenue range stated as INR 1 Cr - 100 Cr for FY ending 31 Mar 2024. FY2025 (per TheCompanyCheck): Revenue ₹63.4 Crore (+122% YoY). Standalone vs consolidated basis not specified by either source. PAT/net worth/borrowings absolute values: not obtained (behind paywall). Note: the two sources report different fiscal years' revenue growth (FY24 Tofler vs FY25 TheCompanyCheck) — treat as partial/directional, not a confirmed absolute figure.

Funding History

Not obtained. Web search access was unavailable in this session (search budget exhausted) and direct fetch attempts on Entrackr, Inc42, Tracxn and Crunchbase for "Alt Mobility" funding-round coverage did not return usable round/investor/date data (404s, paywalls, or irrelevant search-page content). No funding round names, amounts, or investor names could be confirmed from a reliable source this pass.

Shareholding

Not obtained (individual shareholder names/percentages are behind Tofler's paywall). Known: Manas Arora and Dev Arora are flagged as "Director, Shareholder" per Tofler; Anuj Gupta also flagged Director/Shareholder. Christine Vincent and Karan Mittal are flagged Nominee Directors (typically representing an institutional/investor shareholder, but the investor entity itself is not named in the fetched sources).

Loans & Charges

Source conflict on scale: (1) Tofler's charges detail lists HDFC Bank Limited (2 charges, ~₹0.3 Cr dated 4 Sep 2024 and ~₹0.2 Cr dated 30 Nov 2023, total ~₹0.5 Cr) and The Hongkong and Shanghai Banking Corporation Limited (1 charge, ~₹0 Cr / rounded, dated 25 Apr 2023). (2) TheCompanyCheck's summary instead states materially larger aggregate figures: Open Charges ₹106.77 Crore and Satisfied Charges ₹11.33 Crore, without a lender-by-lender breakdown. These two figures are not reconcilable from the sources fetched — flagging as an unresolved conflict rather than reporting one as authoritative. Likely explanation: Tofler's line-items may be showing only recently modified/small charges while the aggregate reflects the full charges register (asset-financing SPV structure typical for an EV-leasing business), but this is not confirmed.

Related Parties

Per Tofler's director/company network: group/related entities include Alt Nrg Assets Private Limited and Alt Nrg Assets II Private Limited (likely leasing-asset SPVs), and a large family of "Elektrowagen Motors" LLPs (One, Three, Four, Five, Six, VII, VIII, IX, X, XI, XIII) — consistent with an EV-leasing business using SPV/LLP structures per vehicle-financing tranche. Directors are also linked (via other/past directorships, NOT necessarily active group companies) to: 8M Clean Tech Fund Private Limited (struck off), 8M Power Private Limited (struck off), Ovrview Technologies Private Limited, Licharge India Limited, and Enmovil Solutions Private Limited. Caution/entity-confusion note: these last five are common-director links, not confirmed group/subsidiary entities of Alt Nrg — no rating, GSTIN, or financial figure belonging to any of them has been attributed to Alt Nrg Private Limited in this profile.

Credit Ratings

None found. No CRISIL, ICRA, or CARE rating rationale for "Alt Nrg Private Limited" or "Alt Mobility" could be located (CARE ratings search and CRISIL ratings search both returned no matching page/404).

Legal & Compliance

None found. Indian Kanoon search for "Alt Nrg Private Limited" returned no matching case results.

Competitive Landscape

EV leasing / fleet-asset-management peers in India (named, comparable-stage/scale players): (1) Vogo Automotive / Yulu (EV/scooter mobility-as-a-service — different model but overlapping fleet space), (2) Zypp Electric (EV leasing for last-mile delivery fleets — comparable early/growth-stage scale), (3) Battery Smart (EV battery-swapping infra, adjacent segment, similarly funded growth-stage startup), (4) Euler Motors (EV OEM + financing arm — larger, product-manufacturing-led), (5) Turno (EV asset financing/leasing marketplace — closely comparable direct competitor), (6) Vecmocon / Chalo-adjacent EV fleet financing players. Note: this list is compiled from general market knowledge of the Indian EV-leasing/fleet space (not independently source-verified line-by-line in this pass) — treat as indicative peer set, not confirmed via a dedicated competitor-analysis source.

Frequently Asked Questions