Astranova Mobility secures 60 crore Series A funding. The EV asset management and leasing startup, founded by ex-Cars24 CEO Kunal Mundra, raised capital led by IvyCap Ventures with participation from Trucks Venture Capital, Asian Development Bank, and Advantedge Founders. The company has deployed over 20,000 electric vehicles and manages more than 350 crore in assets. Astranova plans to invest in engineering capabilities, data infrastructure, and artificial intelligence while expanding its team. The startup projects a 40 crore revenue run rate by FY26 and aims to grow four times within 18 to 24 months. With 15 banking partners and support from major fleet operators, Astranova is capitalizing on India's push toward net zero emissions and increasing EV adoption across two-wheelers and commercial vehicles.
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