Advance Mobility raises USD 2 million in seed funding

Finvolve led the funding with participation from India Accelerator.

By Autocar Professional Bureau

07 Feb 2024

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Advance Mobility raises USD 2 million in seed funding

Advance Mobility, a Gurgaon-based start-up in the ridesharing mobility space has recently closed seed funding of USD 2 million at an undisclosed valuation.

Finvolve led the funding with participation from India Accelerator.

The company currently operating with a fleet of 425 CNG cars in Mumbai and Pune, will use the funds to expand to other cities, noted the press release.

Apoorva Vora of Finvolve, said, "Our decision to support Advance Mobility aligns with our commitment to fostering innovation and driving positive change in the mobility industry."

Ride-sharing platforms are seeing interest from investors, with EV ride-hailing platform Snap-E Cabs recently raising USD 2.5 million in a Pre-Series A Round led by Inflection Point Ventures.