# Milo Mobility Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/milo-mobility-pvt

- Industry: Transportation Services
- Headquarters: Gurgaon, India
- Website: www.milodrive.com/
- Total disclosed funding: $2.4M
- Latest round: Seed (Jul 8, 2026)
- Investors on record: 6

## About

Based in India, Milo Mobility Pvt. Ltd. is an innovative company specializing in ride-hailing services through a fleet of premium electric vehicles, offering eco-friendly transportation solutions to urban consumers.Milo Mobility Pvt. Ltd. operates in the ride-hailing sector, providing electric vehicle services. The company, founded in 2024, is headquartered in Gurugram, India. Recently, they raised USD 2.4 mn in a Seed funding round led by Caret Capital and Antler, with participation from Alteria Capital and IAN Group. The total funding raised to date amounts to USD 2.4 mn, primarily targeting enhancing their fleet and service offerings.Milo Mobility Pvt. Ltd. primarily operates in the ride-hailing sector, offering a fleet of premium electric vehicles designed to provide an eco-friendly alternative to traditional transportation. The company’s core service revolves around facilitating seamless ride bookings through a user-friendly WhatsApp interface, enabling customers to book rides effortlessly while promoting a sustainable lifestyle through reduced emissions. Their directly owned fleet ensures consistent quality, superior maintenance, and real-time monitoring of all rides, enhancing safety and operational efficiency. The company targets urban markets in India, leveraging advanced technologies such as AI-driven tracking and predictive maintenance to optimize route planning and fleet availability.Milo Mobility generates revenue primarily through ride-hailing services, where customers pay for electric rides seamlessly booked via WhatsApp. The company's transaction model operates on a direct-to-consumer basis, emphasizing convenience and a premium experience for users. While specific pricing plans are not disclosed, the structure includes a fare system based on distance traveled and time taken, potentially supplemented by subscription models for frequent users or corporate partnerships. Additionally, revenue may be bolstered through collaborations with electric vehicle entrepreneurs and fleet owners, enabling a decentralized business model that empowers drivers as fleet owners.In July 2026, Milo Mobility Pvt. Ltd. raised USD 2.4 mn in Seed funding, which will be utilized to promote electric vehicle adoption and support structured job opportunities for India’s driver workforce. The company plans to expand its services into new urban markets across India, aiming for significant geographical reach by 2027. New product features aimed at improving user experience and operational efficiency are currently being developed and are expected to launch alongside this expansion.

## Funding rounds

- Seed, Jul 8, 2026, $2.4M — Alteria Capital, Antler, Caret Capital, Climate Angels, Aureolis Ventures, IAN Group

## Investors

- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Seed
- Antler (https://capitalatlas.ai/funds/antler) — Seed
- Caret Capital (https://capitalatlas.ai/funds/caret-capital) — Seed
- Climate Angels — Seed
- Aureolis Ventures (https://capitalatlas.ai/funds/aureolis-ventures) — Seed
- IAN Group — Seed