Advance Mobility, a Gurgaon-based ridesharing mobility start-up, has secured a USD 2 million seed fundraising round at an undisclosed value.
Finvolve led the fundraising, with help from India Accelerator.
The firm, which presently operates a fleet of 425 CNG cars in Mumbai and Pune, plans to utilise the funding to expand into additional cities, according to 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.