Advance Mobility, a dynamic startup in the ridesharing mobility space, raises $2M

Advance Mobility, a dynamic startup in the ridesharing mobility space, has recently closed seed funding of $2 million at an undisclosed valuation, in a round led by Finvolve. The round also witnessed participation from India Accelerator.

What does Advance Mobility do?

The company is in the scalable business of fleet operations on the platform of Uber. The startup is actively involved in solving the problems of the entire value chain i.e. from market players and customers to drivers, revolutionising the space of fleet operations.

Focusing on expansion

With this round of funding, Advance Mobility plans to expand its current footprint to other cities in our country to proactively redefine the peripheries in the ride-sharing mobility space.

Advance Mobility has rapidly scaled up from its pre-round fleet size & is currently operating with a fleet of 425 CNG cars running in the cities of Mumbai & Pune. 

Apoorva Vora of Finvolve said, "As investors in Advance Mobility, we are proud to be part of this forward-thinking venture. Our decision to support Advance Mobility aligns with our commitment to fostering innovation and driving positive change in the mobility industry. We believe in the team's vision and are enthusiastic about the potential impact their advancements will have on the future of transportation." 

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