Autoriders: A Mispriced Gem in India’s EV Transition

By AltG Research On Behalf Of Poornima Vardhan & Taponeel Mukherjee

At AltG, we say, “Big Returns Require Big Ambitions.”

And that is precisely what Autoriders is missing — ambition, and the clarity of path to achieve it.

While the market overlooks its potential, we at AltG see significant value-creation opportunities through growth, acquisitions, and financial engineering — the same playbook that has built billion-dollar mobility platforms worldwide.

The Untapped Opportunity

India’s taxi market is a $20.61 billion opportunity growing at 15% CAGR. Yet, Uber India’s latest filings show ride-hailing revenues of just ₹678 crore ($82 million) — barely a rounding error in India’s mobility profit pool.

The reason? The real value in India’s cab market won’t be captured through a B2C app, but through a B2B mobility platform — one that aggregates operators, finances fleets, and monetises EV transitions and carbon credits.

This is where Autoriders should lead — and where AltG sees the opportunity to create a $1 billion market cap business.

The AltG Playbook: Building Scale, Speed, and Structure

1. Growth: EV Transition Tailwinds

The global shift toward electric mobility is creating cash-generating, yield-rich

assets across vehicle sales, leasing, and carbon credits. Autoriders, with its fleet and relationships, sits at the inflection point of India’s EV transition — but lacks the ambition to scale into it. AltG’s model amplifies this growth with disciplined capital allocation and market-based monetisation.

2. Acquisitions: Aggregating Fragmented Operators

India’s B2B taxi and rental ecosystem is massively fragmented. Thousands of small fleet owners and operators struggle with scale, financing, and technology access. AltG’s acquisition-led model consolidates these players — creating economies of scale, uniform technology standards, and a stronger negotiating position across OEMs, financiers, and clients.

3. Financial Engineering: Unlocking Capital Efficiency

In an automotive world being reshaped by hardware, software, and green energy, capital structure innovation is the new edge. AltG brings expertise in structured credit, asset-backed finance, and yield optimization — enabling Autoriders to extract more value from its balance sheet and fund growth at high returns.

This is where traditional fleet companies falter — and where AltG thrives.

Why Autoriders is Mispriced

Despite sitting in the middle of India’s largest-ever mobility shift, Autoriders trades as if the EV revolution will pass it by. The market ignores its high-quality, liquid assets, many available at deep discounts to book value, and its strategic position in a market that’s about to be transformed by green mobility economics.

Autoriders is not broken — it’s under-ambitious. And that mispricing is precisely where the next big returns lie.

The AltG Vision

AltG’s vision for Autoriders is clear:Transform it into a high-yield, capital-efficient EV mobility platform — leveraging growth, consolidation, and structured finance to unlock exponential value.

The EV decade belongs to those who act decisively. With the right ambition and execution, Autoriders can move from a forgotten stock to a billion-dollar platform — not someday, but soon.

Disclaimer: In the article "India’s EV Cab Market: B2C Is Where Amateurs Go To Die, The Real Power Rests In B2B" above - Any views, comments or communication (above or in the past) should not be construed to be investment advice by Alternative Growth (hereafter referred to as “AltG”) in any form whatsoever. AltG does not make an offer to sell or solicit to buy any securities.