# Mahindra Last Mile Mobility: Automotive, Mumbai, India

> Mahindra Last Mile Mobility: Mahindra Last Mile Mobility Limited (MLMML) is a Mumbai-based subsidiary of Mahindra & Mahindra, specializing in electric small...

Source: https://millionrounds.com/startup/mahindra-last-mile-mobility (Millionrounds; every figure on the page links to its filing or article)

India · [Automotive startup](https://millionrounds.com/companies)

# Mahindra Last Mile Mobility

Mahindra Last Mile Mobility Limited (MLMML) is a Mumbai-based subsidiary of Mahindra & Mahindra, specializing in electric small commercial vehicles.

Funding reported Last round: Undisclosed round

Automotive Mumbai, India

Company summary

- **Founded:** 1994 32 years old
- **Team:** 1,600 1,000+ people
- **Funding reported:** 3B as listed, currency not stated
- **Last round:** Undisclosed round May 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Mahindra Last Mile Mobility has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Mahindra Last Mile Mobility

Mahindra Last Mile Mobility Limited (MLMML) is a Mumbai-based subsidiary of Mahindra & Mahindra, specializing in electric small commercial vehicles.

The company focuses on last-mile mobility solutions, offering a range of electric, petrol, CNG, and diesel vehicles. Its electric portfolio includes popular models like the Treo range, Zor Grand, e-Alfa, UDO, and ZEO, alongside conventional vehicles such as the Alfa 3-wheeler and Jeeto 4-wheeler. MLMML is recognized as India’s leading manufacturer of electric three-wheelers, holding a significant market share in the electric vehicle segment. The company has sold over 1.4 lakh electric vehicles and operates more than 800 dealer and service touchpoints across India. It emphasizes customer support through tech-driven tools like the Mahindra NEMO app, which assists with vehicle tracking and service booking. MLMML is committed to providing performance, comfort, and profitability, aiming for a lower total cost of ownership compared to CNG alternatives.

## What company datasets say Mahindra Last Mile Mobility raised

Funding, as reported

Reported in all **3B** in the source's currency

Rounds **1**

Last round **Undisclosed round**

Last round size **43.7M**

Last round date **May 2023**

Investors listed **1**

## The company, in detail

What they build

Known for

clean energy & technology sustainable mobility technologies motor vehicle manufacturing electric mobility solutions environmental services electric vehicle charging infrastrucutre electric vehicles manufacturing electric vehicles renewables & environment green mobility solutions last mile mobility automotive

Built with from their website

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+4 more

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- **Sector:** Automotive
- **Industry code:** NAICS 336110, SIC 3711
- **Region:** Maharashtra
- **Part of:** Mahindra Group
- **Revenue:** 443M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/mahindra-last-mile-mobility)

## Automotive in India

Startups like it

- [**Yulu** Bengaluru · founded 2017 *Raised*](https://millionrounds.com/company/yulu)
- [**Ather Energy** Bangalore · founded 2013 *Raised*](https://millionrounds.com/company/ather-energy)
- [**Spinny** Gurugram · founded 2015 *Raised*](https://millionrounds.com/company/spinny)
- [**Ultraviolette Automotive** Bengaluru · founded 2016 *Raised*](https://millionrounds.com/company/ultraviolette-automotive)
- [**Truebil** Mumbai · founded 2015 *Raised*](https://millionrounds.com/company/truebil)
- [**myTVS (TVS Automobile Solutions)** Chennai · founded 2011](https://millionrounds.com/startup/mytvs-tvs-automobile-solutions)
- [**Kabira Mobility** Verna · founded 2019](https://millionrounds.com/startup/kabira-mobility)
- [**Livguard** Gurugram · founded 2014](https://millionrounds.com/startup/livguard)

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