Astranova Mobility — ₹60 Cr (~$6.4M) Series A

Sector: EV Financing / Asset Management

Founders: Kunal Mundra, Nikhil Aggarwal

Founded: 2023

Raised ₹60 crore Series A led by IvyCap Ventures, with participation from Asian Development Bank (ADB), Advantedge Founders, and Trucks Venture Capital .

What they do:

Provides financing and asset management solutions for EV fleets, integrating data and AI.

Key Highlights:

ADB participation = strong institutional validation

Focus on EV ecosystem financing

Scaling tech + data capabilities

Why it matters:

Critical layer enabling EV adoption through financing infrastructure.

Will financing be the biggest unlock for EV adoption in India?