COMPANY PROFILE

Mahindra Last Mile Mobility

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Leading electric three-wheeler manufacturer offering innovative, eco-friendly last mile mobility solutions

Bengaluru, IndiaFounded 1994Transportation

Valuation $1–2.5B Last recorded · 2026

Headcount 1–2k Current team size

Total funding $100–500M Disclosed equity funding

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About Mahindra Last Mile Mobility

Mahindra Last Mile Mobility Limited, a subsidiary of Mahindra & Mahindra, specializes in manufacturing a diverse range of last mile mobility solutions, including electric, CNG, petrol, and diesel three and four-wheeler passenger and cargo vehicles. The company operates primarily in India and serves a wide array of clients, from individual drivers to small businesses and logistics companies. Mahindra Last Mile Mobility's product portfolio includes the electric Treo, Zor Grand, and e Alfa range, as well as the ICE vehicles Alfa three-wheeler and Jeeto four-wheeler. The business model revolves around the sale of these vehicles, with a strong emphasis on sustainability and cost-efficiency. Revenue is generated through direct sales, after-sales services, and maintenance packages. The company is recognized for its innovative approach to green transportation, aiming to reduce carbon footprints while providing reliable and efficient mobility solutions.

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At a glance

Status: Operational
Founded: 1994
Headquarters: Bengaluru, India
Employees: 1,471
Open positions: None listed
Dealroom signal: 87.6/100
Industry: Transportation
Sub-industry: Vehicle Production
Sector: Transportation, Hard Tech
Business model: Manufacturing
Client focus: b2b, b2c
Links: Website LinkedIn

Knowledge graph

Founder mafia, market maps, research and news connected to this company by Dealroom

Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
GROWTH EQUITY VCOther financing	Jul 2026	$44M	$1.5B	Lightrock · International Finance Corporation	↗
CONVERTIBLEOther financing	May 2023	$73M	—	International Finance Corporation	↗

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Growth signals

Mahindra Last Mile Mobility website traffic

Latest recorded traffic for Mahindra Last Mile Mobility is 34K monthly website visits, down 62.6% over the last three months. Mahindra Last Mile Mobility's team grew 10.9% over the past year.

Latest monthly visits34K 3-month web change-62.6% 1-year team growth+10.9%

Monthly website visitsMar 2023–Jul 2026

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NMNUUK mobilityNUUK mobility solutions was born from a detected need that is based on the design and development of quality electric mobility products, robust and in accordance with European standards	Etxebarri, Spain	Operational
MVMunro VehiclesMunro Vehicles manufactures a 100% electric 4x4 vehicle	Glasgow, United Kingdom	Operational
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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

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Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

ICInternational Finance Corporation

Series B and later1 investor entered at this stage

LILightrock

Talent

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Team profiled 17 named & role-tagged

Founders /100 quality score

Key operators 3 quality /100

Potential founders likely future founders

Startup mafia alumni-founded startups

Talent movements in · out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country

Workforce by country

🇮🇳 India · Bengaluru HQ

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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Mahindra Last Mile Mobility on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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