Starya Mobility manufactures electric powertrains and offers retrofitting solutions for gearless internal-combustion-engine scooters through its Electric Propulsion Kit (EPK). The company is partnering with Exedy to integrate a Continuously Variable Transmission (E-CVT) into the EPK. The upgraded kit is expected to improve hill-climb performance, enabling customers to climb gradients of about 21 degrees and upwards depending on speed and load. Starya says the strategic partnership with Exedy will leverage technical and strategic strengths to accelerate EV adoption domestically and internationally. The company raised USD 2 million from ah! Ventures High Tables Platform and Exedy Clutch India, with Exedy also entering a strategic commercial partnership tied to product integration. ah! Ventures had previously backed Starya at early stages and made the investment via its High Tables platform. Exedy is described in the article as a manufacturer of two-wheeler and four-wheeler clutch plates and assemblies serving top auto companies. Starya Mobility builds a patented electric propulsion kit that converts gearless internal-combustion-engine scooters into electric vehicles without deterioration in performance. Its kit is sold with a swappable battery pack and the company reports swap availability at more than 200 outlets. Starya says its solution costs less than half the purchase cost and has roughly one-third the running cost of the IC-engine counterpart. The company's stated vision is to be the most preferred green mobility solution provider by developing affordable and reliable cutting-edge technology. Starya positions its offering as a retrofit to migrate IC-engine users to electric, aiming to make EVs more affordable and accessible. The company is backed by early-stage investor ah! Ventures via the firm's First Gear platform.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2023