When was Mahindra Last Mile Mobility founded?

Mahindra Last Mile Mobility was founded in 1994 and raised its 1st funding round 12 years after it was founded.

Where is Mahindra Last Mile Mobility located?

Mahindra Last Mile Mobility is headquartered in Mumbai, India. It is registered at GATEWAY BUILDING , APOLLO BUNDER, MUMBAI, Maharashtra, India, 400001.

Who is the current CEO of Mahindra Last Mile Mobility?

Suman Laxmidhar Mishra of Mahindra Last Mile Mobility. They have also founded 1 company.

Which legal entities is Mahindra Last Mile Mobility associated with?

Mahindra Last Mile Mobility is associated with Mahindra Electric Mobility Limited and 3 others.

How many employees does Mahindra Last Mile Mobility have?

As of Sep 30, 2026, the latest employee count at Mahindra Last Mile Mobility is 1578.

Is Mahindra Last Mile Mobility a funded company?

Mahindra Last Mile Mobility is a funded company, having raised a total of $138M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 06, 2006.

How much is Mahindra Last Mile Mobility worth?

The latest valuation of Mahindra Last Mile Mobility is ₹***** as of Jul 31, 2026.

When was the latest funding round of Mahindra Last Mile Mobility?

Mahindra Last Mile Mobility's latest funding was a $***** Series C round on Jul 30, 2026, with participation from 3 investors. Its primary sector is Auto Brands. In India, the Auto Brands sector has seen $33.6M in funding in 2026 to date.

What is the annual revenue of Mahindra Last Mile Mobility?

Annual revenue of Mahindra Last Mile Mobility is more than ₹1,000 Cr as on Mar 31, 2026

Where does Mahindra Last Mile Mobility rank among its competitors?

Mahindra Last Mile Mobility ranks 5th amongst 288 active competitors, of which 21 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Mahindra Last Mile Mobility, which secured $33.6M in Jul, 2026.

Who are the top competitors of Mahindra Last Mile Mobility?

Mahindra Last Mile Mobility's top competitors include EKA, BYD and Ford. Among them, Mahindra Last Mile Mobility secured the most recent funding round in July, 2026.

Mahindra Last Mile Mobility - 2026 Company Profile, Team, Funding, Competitors & Financials

Mahindra Last Mile Mobility is a series C company based in Mumbai (India), founded in 1994 by Suman Laxmidhar Mishra. It operates as a Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles. Mahindra Last Mile Mobility has raised $138M in funding from investors like IFC, Lightrock and India Japan Fund, with a current valuation of ₹*****. The company has 288 active competitors, including 21 funded and 15 that have exited. Its top competitors include companies like EKA, BYD and Ford.

Company Details

Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles. It offers a diverse range of three & four wheelers, including Treo Series, e-Alfa, Zor Grand,Treo Yaari, Alfa DX Duo, Alfa DX, Treo Zor, Jeeto Plus Petrol, Jeeto Strong Diesel & CNG, and Mahindra Zeo.

Website: mahindralastmilemobility.com
Social
Email ID: *****@mahindra.com, *****@mahindra.com
Phone Number: +91 **********
Part Of
Registered Address: GATEWAY BUILDING , APOLLO BUNDER, MUMBAI, Maharashtra, India, 400001

Key Metrics

Founded Year

1994

Location

Mumbai, India

Stage

Series C

Total Funding

$138M in 4 rounds

Latest Funding Round

Series C, Jul 30, 2026, $*****

Post Money Valuation

₹***** as on Jul 31, 2026

Investors

IFC & 5 more

Ranked

5^th among 288 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

1,578 as on Sep 30, 2026

Similar Companies

Daimler Truck & 202 more

View Mahindra Last Mile Mobility's full profile

Mahindra Last Mile Mobility is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
MAHINDRA LIMITED CIN: 12457008 , United Kingdom, Active	Feb 10, 2020	-	-
MAHINDRA LAST MILE MOBILITY LIMITED CIN: U29102MH2023PLC403752 , India, Active	May 29, 2023	₹1,000+ Cr (As on Mar 31, 2026)	849 (As on Aug 01, 2025)
Mahindra And Mahindra Limited CIN: L65990MH1945PLC004558 , India, Active	Oct 02, 1945	₹1,000+ Cr (As on Mar 31, 2026)	22779 (As on Apr 01, 2026)
Mahindra Electric Mobility Limited CIN: U34101MH1996PLC325507 , India, Active	Apr 01, 1996	₹100 - ₹500 Cr (As on Mar 31, 2022)	66 (As on May 31, 2025)

Mahindra Last Mile Mobility has raised a total funding of $138M over 4 rounds. Its first funding round was on Dec 06, 2006. Its latest funding round was a Series C round on Jul 30, 2026 for $*****. 3 investors participated in its latest round. Mahindra Last Mile Mobility has 6 institutional investors.

Here is the list of recent funding rounds of Mahindra Last Mile Mobility:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 30, 2026	7798656	Series C	3024600	1637727	5209155	9939363
Jan 11, 2024	3409119	Series C	2391928	7623532	9451621	6753420
Oct 09, 2023	6831503	Series B	9473657	4797610	IFC	1015710

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View details of Mahindra Last Mile Mobility's funding rounds and investors

The founders of Mahindra Last Mile Mobility is Suman Laxmidhar Mishra. Suman Laxmidhar Mishra is the CEO of Mahindra Last Mile Mobility.

Here are the details of Mahindra Last Mile Mobility's key team members:

Suman Laxmidhar Mishra: CEO & Managing Director of Mahindra Last Mile Mobility. They serve on the boards of 2 companies.
Contact Info: 1 phone number

View details of Mahindra Last Mile Mobility's Founder profiles and Board Members

Mahindra Last Mile Mobility's employee count trend

Mahindra Last Mile Mobility has 1,578 employees as of Sep 26. Here is Mahindra Last Mile Mobility's employee count trend over the years:

Employee count trend for Mahindra Last Mile Mobility

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Top competitors of Mahindra Last Mile Mobility include EKA, BYD and Ford. Here is the list of Top 10 competitors of Mahindra Last Mile Mobility, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	EKA 2019, Pune (India), Series A	Manufacturer of electric buses trucks and small commercial transport vehicles	$179M	Mitsui, NIIF & 6 others	76/100
2nd	BYD 1994, Shenzhen (China), Public	Manufacturer of electric cars, sedans, SUVs, batteries, and rail transit	-	Berkshire Hathaway, Hillhouse & 14 others	69/100
3rd	Ford 1903, Dearborn (United States), Public	Automobile and commercial vehicle manufacturer	-	Black Capital Investments, Poku Capital & 15 others	69/100
4th	Tata Motors 1945, Mumbai (India), Public	Manufacturer of commercial vehicles, passenger vehicles, and luxury automotive products	-	Life Insurance Corporation of India, ADQ & 2 others	67/100
5th	Mahindra Last Mile Mobility 1994, Mumbai (India), Series C	Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles	$138M	NIIF, Lightrock & 4 others	67/100
6th	PMI Electro Mobility 2017, Gurugram (India), Series C	Manufacturer of electric buses for public transportation and school use	$89.2M	Authum, Piramal Group & 53 others	65/100
7th	Qucev 2022, Hyderabad (India), Series B	Platform offering electric commercial vehicles	$19.1M	Singularity AMC, Barclays & 12 others	62/100
8th	Blue Energy Motors 2020, Pune (India), Series A	Manufacturer of electric and LNG-powered heavy-duty trucks featuring swappable battery technology	$50M	FPT Industrial, Omnitex Industries & 2 others	62/100
9th	Mercury EV 1986, Vadodara (India), Public	Provider of electric vehicle solutions	-	-	60/100
10th	Ashok Leyland 1948, Chennai (India), Public	Brand of commercial buses and trucks	-	-	59/100

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Mahindra Last Mile Mobility has made no investments or acquisitions yet.

Here is the latest report on Mahindra Last Mile Mobility's sector:

Free

Auto Brands - Sector Report

Edition: September, 2026 (65 Pages)

View all reports related to Mahindra Last Mile Mobility

Media has covered Mahindra Last Mile Mobility for a total of 6 events in the last 1 year, 2 of them have been about company updates and 2 about partnerships.