New Delhi, Mar 6 (UNI) Electrifi Mobility, anEV financing and asset management company has rebranded as Astranova Mobility, signaling its vision to expand beyond EVs to revolutionize sustainable mobility.
With over 20,000 EVs on the road, Astranova Mobility is one of India’s largest deployers of EV assets. The company has set an ambitious goal of deploying USD 1 billion in sustainable transportation assets over the next five years, reinforcing its leadership in the space. In early 2024, Astranova Mobility raised Rs 24 Crore in one of the largest seed rounds in this category – led by marquee investors such as Asian Development Bank (ADB) Ventures and AdvantEdges.
The name ‘Astranova’ blends ‘Astra’ (celestial guidance) and ‘Nova’ (transformation), reflecting the company’s ambition to go beyond EVs and lead India’s sustainable mobility revolution.
Kunal Mundra, Co-Founder and CEO, shares the strategic vision behind the rebranding, “The transition to Astranova Mobility marks a significant milestone in our growth journey. It reflects our broader vision and commitment to transforming India’s mobility landscape and helping India achieve net-zero. Over the past 18 months, we have worked relentlessly to address the core challenges of EV adoption—bridging the financing gap, ensuring high vehicle uptime, and providing data-driven insights that empower fleet operators, financiers, and OEMs alike. As the industry evolves, new technologies like hydrogen will scale, and we are committed to enabling their adoption—just as we have for EVs. With collaboration, innovation, and determination, we believe Astranova Mobility will play a crucial role in shaping the future of sustainable transportation.”
With a growing portfolio of EVs and strategic partnerships with leading financial institutions and OEMs, Astranova Mobility is actively bridging critical market gaps with its strong execution and industry expertise.
