Electrifi Mobility, a Gurugram-based company specializing in commercial EV leasing and asset management, has successfully raised INR 25 crore in seed-stage funding.
The investment comes from ADB Ventures, AdvantEdge founders, and other participants. The funds, a combination of equity and debt, will be utilized to support the company’s expansion initiatives, contributing to India’s shift towards sustainable mobility.
Electrifi plans to deploy over INR 500 crore in commercial EV assets over the next three years, encompassing two and three-wheelers, cars, LCVs, HCVs, batteries, and chargers.
The company aims to build on its current management of 15,000+ EV assets. The funding round was noteworthy for securing support from ADB Ventures and AdvantEdge Founders, prominent players in the cleantech and mobility venture capital landscape.
Electrifi Mobility, founded in 2023, is led by Kunal Mundra, former CEO of Cars24 India, and Grip Invest. The company’s innovative EV leasing model addresses accessibility and affordability barriers, aligning with the goals of sustainable mobility.
The investment will enable Electrifi to further scale its operations and deploy over 20,000 EVs in India.
