GrowthCap Ventures forays into mobility sector with investment in Advance Mobility

Venture capital firm GrowthCap Ventures has made its maiden investment in Advance Mobility, to mark its entry into the mobility sector. Advance Mobility, an innovative ridesharing mobility startup, is redefining scalable fleet operations on the Uber platform. The startup is committed to overcoming prevalent challenges in the mobility ecosystem, offering solutions that benefit market players, customers, and drivers alike.

GrowthCap Ventures was founded by Pratekk Agarwaal — entrepreneur and former Chief Business Officer at BharatPe. The company has established itself as a key player in the venture capital landscape. 

With a focus on identifying and supporting high-potential startups, the firm's investment in Advance Mobility underscores its dedication to backing start-ups that shape the future of transportation.

Speaking on the investment, Pratekk Agarwaal, Founder and General Partner at GrowthCap Ventures, said, “As India's infrastructure and transportation sectors undergo significant transformations, fueled by the government's robust initiatives and investments, the potential for innovative mobility solutions is unprecedented. The Union Minister of Road Transport and Highways, Nitin Gadkari, has initiated several projects that are set to revolutionise India's mobility landscape. Advance Mobility, with its unique combination of finance, technology, and an enhanced mobility solution, is perfectly positioned to lead this transformation. We are thrilled to support in their journey”