ALT Mobility to deploy 700+ electric two-wheelers in Delhi & Bengaluru using Drive-to-Own model with battery-swapping for B2B fleets. Imagine a delivery partner starting their day without fuel cost worries, riding an electric scooter that’s affordable through innovative leasing—and actually earning ownership over time. That’s the future Greaves Cotton’s e-mobility arm Ampere just unlocked by partnering with electric vehicle leasing and fleet management company ALT Mobility to strengthen its play in the B2B segment.
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Alt Mobility: Drive-to-Own Model Changes the Game
ALT Mobility currently operates more than 700 Ampere Magnus SW S vehicles across Delhi and Bengaluru and plans to expand the partnership with GEML in the coming months. But here’s what makes this partnership transformative: the Drive-to-Own model.
The Ampere Magnus SW S will be deployed under ALT Mobility’s Drive-to-Own model, ensuring gig riders, delivery partners, and fleet operators have accessible, cost-effective, and efficient access to zero-emission transport solutions.
This approach mirrors broader trends in India’s electric two-wheeler revolution, where innovative financing models are accelerating adoption among commercial users who depend on vehicles for livelihood.
Battery Swapping Solves Uptime Challenge
One critical innovation sets this deployment apart. The Ampere Magnus SW S—developed specifically for B2B needs—is being deployed in collaboration with Indofast Energy, a key partner providing energy infrastructure and battery-swapping solutions that enhance operational uptime and efficiency for fleets.
For delivery riders and fleet operators, downtime equals lost income. Battery swapping eliminates charging delays, ensuring vehicles stay productive throughout the day—critical for commercial viability.
17 Years of EV Expertise
Managing Director Vikas Singh emphasized the strategic importance: “GEML is committed to strengthening India’s B2B ecosystem by delivering reliable EV solutions to fleet operators and riders. Our partnership with ALT Mobility reflects our vision to build a future-ready B2B ecosystem where electric mobility is not just sustainable but also accessible and efficient”.
Backed by 17 years of EV expertise and manufactured at the advanced Ampere factory in Ranipet, the Magnus SW S is purpose-designed for cargo and passenger movement in India’s growing logistics and last-mile transport sectors.
IPO Plans Signal Growth Ambitions
The timing is strategic. Greaves Electric Mobility’s board approved an initial public offering (IPO) on December 1, 2024, subject to shareholder approval and regulatory clearances, signaling confidence in the B2B electric mobility market’s explosive growth potential.
What This Means for India’s EV Future
This partnership validates a crucial model: making commercial EVs accessible through innovative financing while solving operational challenges through battery swapping. As India’s EV infrastructure expands and manufacturers like Mahindra pursue aggressive electrification, B2B fleets will drive substantial adoption volumes.
For gig workers, delivery partners, and fleet operators, this represents real opportunity—affordable access to zero-emission vehicles with a path to ownership, backed by reliable infrastructure. That’s not just business strategy; that’s democratizing electric mobility.
Stay updated on India’s B2B EV revolution at IndiaEVNews.com and explore Greaves Electric Mobility innovations.
FAQs:
Q1: What is ALT Mobility’s Drive-to-Own model? ALT Mobility’s Drive-to-Own model allows gig riders, delivery partners, and fleet operators to lease Ampere electric scooters with payments structured so they eventually gain ownership—making EVs accessible without large upfront costs while providing a path to asset ownership.
Q2: How many Ampere vehicles is ALT Mobility currently operating? ALT Mobility currently operates more than 700 Ampere Magnus SW S vehicles across Delhi and Bengaluru, with plans to significantly expand the partnership with Greaves Electric Mobility in coming months across additional cities and use cases.
Q3: How does battery swapping benefit commercial EV operators? Battery swapping through partner Indofast Energy eliminates charging downtime by allowing instant battery exchanges. For delivery riders and fleet operators where time equals income, this ensures maximum operational uptime and productivity throughout the workday.
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