Astranova Mobility secures fresh funding support
Astranova Mobility has raised ₹60 crore in a Series A funding round. The investment was led by IvyCap Ventures.
Other investors also joined the funding round. These include Asian Development Bank (ADB), Advantedge Founders, and Trucks Venture Capital.
This funding will help the company grow its EV financing services. It will also support faster adoption of electric vehicles.
Platform supports many types of electric vehicles
Astranova Mobility finances different types of EVs. These include two-wheelers, cars, buses, and heavy-duty trucks.
So far, the company has supported over 25,000 electric vehicles. The total value of these vehicles is more than ₹3.6 billion.
This wide coverage helps many businesses shift to cleaner transport. It also supports India’s growing EV ecosystem.
Financing solutions help businesses adopt EVs
Electric vehicles often cost more at the start. Financing solutions help reduce this challenge for businesses.
With easy funding access, fleet operators can adopt EVs faster. This helps reduce fuel costs and pollution levels.
As financing options grow, more companies can move toward clean mobility solutions.
