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 Mishra of Mahindra Last Mile Mobility.

How many employees does Mahindra Last Mile Mobility have?

As of Mar 31, 2026, the latest employee count at Mahindra Last Mile Mobility is 1393.

Is Mahindra Last Mile Mobility a funded company?

Mahindra Last Mile Mobility is a funded company, having raised a total of $104M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 06, 2006.

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

Mahindra Last Mile Mobility's latest funding was a $***** Series C round on Jan 11, 2024, with participation from 1 investor.

What is the annual revenue of Mahindra Last Mile Mobility?

Annual revenue of Mahindra Last Mile Mobility is ₹1,06,000Cr as on Mar 31, 2019.

Where does Mahindra Last Mile Mobility rank among its competitors?

Mahindra Last Mile Mobility ranks 7th amongst 254 active competitors, of which 19 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Qucev, which secured $15M in Dec, 2025.

Who are the top competitors of Mahindra Last Mile Mobility?

Mahindra Last Mile Mobility's top competitors include BYD, Ford and EKA. Among them, Qucev secured the most recent funding round in December, 2025.

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

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

$104M in 3 rounds

Latest Funding Round

Series C, Jan 11, 2024, $*****

Investors

IFC & 4 more

Ranked

7^th among 254 active competitors

Annual Revenue

₹1,06,000Cr as on Mar 31, 2019

Employee Count

1,393 as on Mar 31, 2026

Similar Companies

Ashok Leyland & 181 more

View Mahindra Last Mile Mobility's full profile

Mahindra Last Mile Mobility is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
Mahindra And Mahindra Limited CIN: L65990MH1945PLC004558 , India, Active	Oct 02, 1945	$15.2B (As on Mar 31, 2019)	14 (As on Sep 30, 2025)
Mahindra Electric Mobility Limited CIN: U34101KA1996PLC020195 , India, Active	Apr 01, 1996	$60M (As on Mar 31, 2022)	66 (As on May 31, 2025)
MAHINDRA LIMITED CIN: 12457008 , United Kingdom, Active	Feb 10, 2020	-	-

Mahindra Last Mile Mobility has raised a total funding of $104M over 3 rounds. Its first funding round was on Dec 06, 2006. Its latest funding round was a Series C round on Jan 11, 2024 for $*****. 1 investor participated in its latest round. Mahindra Last Mile Mobility has 5 institutional investors.

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 11, 2024	9519500	Series C	9054683	7747201	7233200	1608776
Oct 09, 2023	2437697	Series B	4669218	8171587	1518597	5951258
Dec 06, 2006	8006741	Series A	6279530	9715545	6856127	DFJ & 1 more

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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 Mishra. Suman Mishra is the CEO of Mahindra Last Mile Mobility.

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

Suman Mishra: CEO & Managing Director of Mahindra Last Mile Mobility. They serve on the boards of 2 companies.

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 1,393 employees as of Mar 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 BYD, Ford and EKA. 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	BYD 1994, Shenzhen (China), Public	Manufacturer of electric cars, sedans, SUVs, batteries, and rail transit	-	Berkshire Hathaway, Lenovo Capital and Incubator Group ... & 14 others	74/100
2nd	Ford 1903, Dearborn (United States), Public	Automobile and commercial vehicle manufacturer	-	Black Capital Investments, Poku Capital & 15 others	74/100
3rd	EKA 2019, Pune (India), Series A	Manufacturer of electric buses trucks and small commercial transport vehicles	$179M	Mitsui, Enam Holdings & 6 others	72/100
4th	Eicher Motors 1948, Gurugram (India), Public	Manufactures commercial vehicles and two wheelers	$5.71M	Sameenacapital.com, Volvo Buses	64/100
5th	PMI Electro Mobility 2017, Gurugram (India), Series C	Electric bus manufacturer and e-mobility solutions provider focused on designing and producing battery-electric buses for urban and intercity public transport	$89.2M	Authum, Piramal Group & 54 others	65/100
6th	Ashok Leyland 1948, Chennai (India), Public	Brand of commercial buses and trucks	-	-	65/100
7th	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	$104M	IFC, DFJ & 3 others	64/100
8th	Bajaj Auto 1945, Pune (India), Public	Manufacturer of bikes and three wheelers	-	Innoeversity, India Equity Partners & 1 others	63/100
9th	Olectra 2000, Hyderabad (India), Public	Developer of electric bus	-	KPitalism	63/100
10th	Qucev 2022, Hyderabad (India), Series B	Platform offering electric commercial vehicles	$19.1M	Singularity AMC, Barclays & 8 others	62/100

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

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Edition: October, 2025 (64 Pages)

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Media has covered Mahindra Last Mile Mobility for a total of 3 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.