PE-VC Fund Investments
EV financing platform Astranova raises Rs.60-Cr led by IvyCap Ventures
Astranova Mobility , a Gurugram-based electric vehicle financing and asset management platform, has raised INR 60 crore in a Series A funding round led by IvyCap Ventures, with participation from existing investors Asian Development Bank, AdvantEdge founders and new investor Trucks Venture Capital.Founded in mid-2023 by Kunal Mundra, Astranova Mobility provides financing and allied services for electric vehicles. The company has provided services for over 25,000 EVs, including two-wheelers and heavy-duty electric trucks.A portion of fresh funding will be used by the company to deepen its data, AI, and engineering capabilities.
Between Jan-24 and Apr-24, Astranova Mobility had attracted about USD 3.27 M from ADB, AdvantEdge Partners, Alteria Capital, and others.
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