Founded in 2023 by Kunal Mundra in partnership with Grip Invest, Astranova Mobility offers financing, leasing, asset management, and maintenance services for commercial electric vehicles. The startup has enabled financing for over 25,000 EVs across two-wheelers, cars, buses, and trucks. Astranova raised Rs 60 crore ($6.4M) in a Series A led by IvyCap Ventures to bolster its data, AI, and engineering capabilities and to scale its financing platform. It previously raised $3 million in March of the prior year from investors including AdvantEdge, Asian Development Bank, and Alteria Capital. The company plans to scale operations and support large-scale deployment of EV assets over the next 18 months.

Total raised

$6M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2026