Astranova Mobility Raises ₹60 Cr Funding
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Astranova Mobility, an electric vehicle financing platform, has raised ₹60 crore in funding led by IvyCap Ventures. The company plans to use the funds to expand its data, AI, and engineering capabilities and accelerate India's transition to sustainable transportation.
Astranova Mobility has secured ₹60 crore in funding. The round was led by IvyCap Ventures and saw participation from existing investors Asian Development Bank and Advantedge Founders, as well as Trucks Venture Capital. The company will use the funds to deepen its data, AI, and engineering capabilities. Astranova Mobility was founded in mid-2023 to accelerate India's transition to sustainable transportation. Since its inception, the company has enabled financing and allied services for over 25,000 electric vehicles. The funding will help Astranova grow over 5x in the next 18 months and create a strong foundation for the deployment of $1 billion EVs in the next 4 years.
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