In a seed round that included a combination of debt and equity, EV asset management and leasing startup Electrifi Mobility has raised Rs 25 crore. Asian Development Bank (ADB) Ventures, AdvantEdge Founders, and additional investors participated in the round.
The money raised will be put toward expanding the company’s footprint, hiring more people, and accelerating the rollout of infrastructure and assets.
Over the next three years, the company said, it will deploy commercial electric vehicle assets valued at more than Rs 500 crore.
Electrifi, which was founded in 2023 by Nikhil Aggarwal, the co-founder of Grip Invest, and Kunal Mundra, the former CEO of CARS24, provides end-to-end solutions like leasing, maintenance, post-sale support, refurbishment, and redeployment of EV assets.
In collaboration with Grip Invest, it states to have over 15,000 EV assets under management (AUM).
Ohm Mobility, Alt Mobility, and Vidyut Tech are some of the competitors of Electrifi Mobility.
