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Entrepreneur
an hour ago
- Entrepreneur
Smart Mobility Maker
Since its inception, Alt Mobility has experienced rapid growth, deploying over 13,000 EVs and operating in more than 30 cities. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. When Dev Arora co-founded Alt Mobility in 2022, he had a clear goal in mind: to make electric mobility more accessible and practical for India's expanding transportation landscape. With his experience in startup innovation and a keen sense for market opportunities, Arora recognised that one of the biggest hurdles to EV adoption wasn't the technology—it was financing. "Traditional lenders weren't built for the EV revolution," Arora, Co-founder and CEO of Alt Mobility, explained. "We needed to develop a new model, one that caters to both businesses and everyday drivers." This new approach led to the creation of Alt Mobility—an EV leasing and asset management platform that goes beyond just providing vehicles. The startup has built a comprehensive ecosystem that includes maintenance, servicing, roadside assistance, and access to an extensive charging and service network. Since its inception, Alt Mobility has experienced rapid growth, deploying over 13,000 EVs and operating in more than 30 cities. With an asset under management (AUM) exceeding INR 250 crore, it now caters to both commercial fleets and individual drivers, offering flexible and cost-effective leasing solutions. "For many people, purchasing an EV feels risky," Arora noted. "We eliminate that uncertainty by providing all-inclusive plans that cover service, warranty, insurance, and even 24/7 support." At the core of Alt's offerings is its proprietary FleetOS platform, which utilises AI, IoT, and telematics to monitor vehicle health, track usage, and ensure proactive maintenance. This not only prolongs the life of the vehicles but also maximises uptime—essential for businesses that depend on having vehicles ready for revenue generation. What sets Alt Mobility apart is its Drive-to-Own model, which enables drivers to gradually shift from leasing to ownership. This approach has been particularly beneficial for individuals who lack access to traditional financing, fostering economic empowerment and long-term asset creation. "Ownership is a powerful thing, especially for those working to build their livelihoods," Arora emphasised. "We aimed to create a pathway that makes that possible." Scaling the business definitely came with its challenges. Getting customers on board with a new approach to owning and managing vehicles meant we had to focus on education and building trust. "Alt tackled this by blending innovation with robust support systems and forming partnerships throughout the EV value chain—from manufacturers to charging networks," he explained. Looking to the future, Dev sees opportunities to branch out into four-wheeled cargo vehicles and electric buses, strengthening their foothold in key markets across India and playing a crucial role in the nation's shift towards clean mobility. "The future of transportation in India is electric. We're committed to fostering a cleaner, smarter, and more sustainable future for India's mobility landscape," he added. Facts:
Yahoo
2 hours ago
- Yahoo
Palantir (PLTR) Strengthens Ties With SOMPO in Multi-Year AI Partnership
Palantir Technologies Inc. (NASDAQ:) is one the Trending AI Stocks on Wall Street. On August 12, the company announced a multi-year expansion of their partnership with SOMPO Holdings, Inc. through its Japanese joint venture Palantir Technologies Japan KK. SOMPO has been using Palantir's foundry since 2020, supporting care of patients, reporting care to the government, and raising the urgent need of patients. Recently, SOMPO has begun using the foundry to enhance its claims process end to end. Palantir's AI technology is being used to evaluate risk and make recommendations during the underwriting process, leading to an expected annual improvement in financial results of $10 million. The multi-year expansion of this partnership between Palantir and SOMPO marks the second expansion of the agreement following a $50 million expansion in 2023. 'Over 8,000 people at SOMPO actively use Palantir in Japan while AI agents are used to automatically evaluate risk and make recommendations resulting in enhanced and automated underwriting decisions. We are honored to be working with SOMPO and look forward to our long-term partnership.' -Kevin Kawasaki, Global Head of Business Development at Palantir Technologies. Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems. While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Associated Press
3 hours ago
- Associated Press
Gabriel Fruitsfarm Unveils Exquisite Japanese Crown Melon for Luxury Fruit Connoisseurs
The Japanese Crown Melon is one of the most luxurious and sought-after fruits in the world. Known for its perfect sweetness, flawless appearance, and delicate aroma, it has earned the nickname 'The King of Fruits' in Japan. Grown almost exclusively in the Shizuoka Prefecture, the Crown Melon represents the pinnacle of Japanese agricultural craftsmanship. A Fruit Like No Other Unlike ordinary melons, the Japanese Crown Melon is cultivated with extreme care. Farmers in Shizuoka hand-pollinate the flowers, prune excess fruits so only one melon grows per vine, and monitor temperature, humidity, and sunlight daily. This meticulous process ensures uniform sweetness, perfect texture, and a melt-in-your-mouth juiciness. Why Is Japanese Crown Melon So Expensive? The price reflects the care and time invested. On average, it takes 100 days for a melon to reach its peak ripeness. During that time, farmers provide individual attention to each fruit, often polishing it by hand to ensure a blemish-free skin. Some melons are even given massages to enhance flavor penetration! Taste Profile When you slice into a Japanese Crown Melon, the first thing you notice is its rich, sweet fragrance. The flesh is: Perfect for Gifting In Japan, giving a Crown Melon is considered a prestigious gesture, often reserved for weddings, business deals, and special celebrations. Packaged in a luxury gift box, it sends a message of respect, honor, and care. How to Enjoy Japanese Crown Melon Where to Buy Japanese Crown Melon in the USA At Gabriel Fruits Farm, we import authentic Japanese Crown Melons directly from trusted growers in Shizuoka. Every melon is hand-selected, inspected, and shipped fresh to your doorstep, ensuring you enjoy the same premium quality that Japan is famous for. • Order your Japanese Crown Melon here: Buy Japanese Crown Melon Online Health Benefits Aside from its luxurious taste, the Japanese Crown Melon is packed with nutrients: Final Thoughts The Japanese Crown Melon is more than just fruit it's an experience of luxury, culture, and craftsmanship. Whether you're treating yourself or gifting a loved one, this rare delicacy is the ultimate way to savor the sweetness of Japan. Media Contact Company Name: Gabriel Fruitsfarm Contact Person: Joseph Wilson Email: Send Email Address:123 Demo St City: San Francisco State: CA 45678 Country: United States Website: Press Release Distributed by To view the original version on ABNewswire visit: Gabriel Fruitsfarm Unveils Exquisite Japanese Crown Melon for Luxury Fruit Connoisseurs
