Astranova Mobility
Astranova Mobility is an India-based full-stack EV asset management and leasing platform that provides operating leases, financing, maintenance, refurbishment, and energy solutions to commercial fleet operators across 2W, 3W, LCV, passenger car, and bus segments.
- Company typePrivate
- Founded2023
- HeadquartersGurugram, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Astranova Mobility does
Astranova Mobility is an India-based full-stack electric vehicle asset management and leasing platform for commercial fleet operators, founded in 2023 by Kunal Mundra (former CEO of CARS24) in partnership with Grip Invest. The company was originally incorporated as Electrifi Mobility and rebranded in 2025 to Astranova Mobility to reflect its expanded service scope. It provides customised operating leases, financing, AMC maintenance contracts, certified refurbished asset leasing, and energy/charging solutions across electric 2-wheelers, 3-wheelers, LCVs, passenger cars, and commercial buses, with a stated footprint of 25,000+ assets deployed, ₹350 crore+ in assets under management, and 60+ fleet customers as of the April 2026 Series A disclosure.
The company's core technology layer is a proprietary tech and data platform combining AI-driven predictive analytics, risk assessment, and asset performance monitoring, used to underwrite leases, monitor deployed EV assets, and maximise residual values across the lifecycle. Its revenue model spans multiple streams: recurring lease and interest income from operating lease arrangements, recurring AMC service revenue, refurbishment resale margins, and transaction-based fees from energy and charging partnerships. The go-to-market is enterprise field sales targeted at commercial fleet operators in last-mile delivery, intra-city logistics, and intercity bus transport, complemented by 10+ financing partners (including IvyCap Ventures, ADB Ventures, AdvantEdge Founders, and Trucks Venture Capital) and OEM distribution relationships (notably OSM).
Astranova operates as a multi-sided platform orchestrating fleet customers, financing capital providers, OEMs, charging networks (Statiq, VoltUp, Magenta), battery and storage partners (Sheru), and maintenance providers (Tyres N More). The company is headquartered in Gurugram, Haryana, employs 11-50 people, and has raised ₹85 crore ($10M) in total disclosed funding across a ₹25 crore seed round (January 2024) and a ₹60 crore Series A (April 2026), with the Series A explicitly targeted at AI/data capability scaling and a $1B EV asset deployment goal over four years.
Astranova Mobility firmographics
Firmographics- Name
- Astranova Mobility
- Legal name
- Astranova Mobility
- Website
- https://astranovamobility.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Astranova Mobility is an India-based full-stack EV asset management and leasing platform that provides operating leases, financing, maintenance, refurbishment, and energy solutions to commercial fleet operators across 2W, 3W, LCV, passenger car, and bus segments.
- Ownership category
- akta.pro rank
Astranova Mobility industry classification
Industry- Product category
- Commercial EV Fleet Financing and Leasing
- NAICS
- Automotive Equipment Rental and Leasing (5321), Passenger Car Leasing (532112), Passenger Car Rental (532111), Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (53212)
- SIC
- Services-Auto Rental & Leasing (No Drivers) (7510)
- akta.pro primary industry
- EV Fleet Leasing & Subscription (EVs, Charging Bundles, Battery-as-a-Service) (TLABAHAH)
- akta.pro secondary industries
- Corporate Mobility & Car Sharing / Pool Fleet Management (TLABAHAO), EV Passenger Vehicle Leasing (Cars/SUVs) (TLABAAAH), Fleet Fuel, Toll & Expense Management Programs (TLABAHAL)
Keywords
Where Astranova Mobility is headquartered
LocationHeadquarters
- HQ city
- Gurugram
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Astranova Mobility business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- EV Financing and Leasing: Astranova provides customised operating leases and financing solutions to commercial EV fleet operators, earning interest income and lease payments from asset financing arrangements. This is the primary revenue stream supporting asset deployment across 2-wheelers, 3-wheelers, LCVs, passenger cars, buses, and trucks.
- Maintenance and Service (AMC): Annual Maintenance Contract (AMC) plans offered to customers to ensure vehicles remain operational. Customers can choose between multiple packages including premium offerings with guaranteed turnaround time and uptime, generating recurring service revenue.
- Refurbished Asset Leasing and Resale: State-of-the-art refurbishment capabilities allow Astranova to offer certified renewed vehicles with warranty on lease, enabling customers to run businesses more profitably. Revenue is generated through lease payments on refurbished assets and差价 on asset resale.
- Energy Solutions: Customised energy packages offered through partner swapping networks and CPO (Charge Point Operator) networks, providing additional revenue through energy supply arrangements to fleet operators.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Monthly | Custom Operating Lease Solutions |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Astranova Mobility product offering
Product offeringCore offering
Astranova Mobility is a full-stack electric vehicle asset management and leasing platform that provides customised operating leases and financing, AMC-based maintenance, certified refurbished asset redeployment, and energy solutions (charging and battery swapping) to commercial fleet operators across 2-wheelers, 3-wheelers, LCVs, passenger cars, buses, and trucks. Its proprietary tech and data stack uses AI-driven predictive analytics, risk assessment, and asset performance monitoring to manage EV assets across their lifecycle, integrating OEM sourcing, financing partners, and charge point operators into a single platform.
Product overview
Astranova Mobility (formerly Electrifi Mobility) operates as a full-stack EV asset management and leasing platform for commercial fleets. The platform comprises multiple integrated modules: the core EV Asset Management Platform supporting various EV asset classes (2-wheelers, 3-wheelers, LCVs, passenger cars, charging infrastructure, batteries), combined with service modules for Discovery and Distribution (OEM partnerships), Financing and Leasing Solutions, Maintenance and Service (AMC plans), Refurbishment and Redeployment, proprietary Tech and Data Platforms, and Energy Solutions. The company has deployed over 25,000 assets with ₹350+ crore in asset under management.
Differentiator
Problem solved
Functional benefit
Products and services
- EV Operating Lease & Financing Solutions Customised operating leases and financing solutions that enable commercial fleet operators to deploy electric 2-wheelers, 3-wheelers, LCVs, passenger cars, buses, and trucks without upfront capex. Targets commercial fleet operators in last-mile delivery, intra-city logistics, e-commerce, food delivery, and intercity/intracity bus operations across India, with quote-based structures tailored to fleet size and asset class.
- AMC Maintenance and Service Plans Annual Maintenance Contract plans that keep leased EVs operational, offered to commercial fleet customers with multiple tiers including premium packages featuring guaranteed turnaround time and uptime. Designed to address uptime risk for fleet operators running delivery and logistics operations on EV assets.
- EV Refurbishment and Redeployment Services Refurbishment and redeployment of certified renewed electric vehicles offered on lease with warranty, enabling fleet customers to access lower-cost assets while improving ROI and asset utilisation. Also generates revenue through resale of refurbished assets to fleet operators and other customers.
- Energy Solutions (Charging and Battery Swapping) Customised energy packages delivered through partner battery swapping networks and charge point operators, providing fleet customers with charging and energy supply arrangements bundled with their leased EV fleets. Targets the operational energy needs of commercial EV fleets in delivery and logistics.
- EV Asset Management Platform Full-stack EV asset management platform combining proprietary tech and data capabilities with AI-powered predictive analytics, risk assessment, and asset performance monitoring across the EV lifecycle. Supports customised financing and operating lease decisions, OEM curation through proprietary testing and assessment, and lifecycle management from acquisition through refurbishment and redeployment for commercial fleet operators in India.
Quantifiable outcome
- 25,000+ electric vehicles deployed across India since 2023 launch
- +5 more outcomes
Companies that use Astranova Mobility
Customer profileNamed customers16 records
Segments5 records
Ideal customer profiles3 records
Astranova Mobility technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature4 records
Astranova Mobility partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- ZingbuscorePartnership with intercity bus operator Zingbus to deploy electric buses on the Delhi-Dehradun corridor, marking Astranova's expansion into the commercial bus segment with a planned INR 200 crore deployment. This represents a strategic diversification beyond personal EV financing into larger vehicle categories.
- Grip InvestcoreAstranova was founded in partnership with Grip Invest. Grip Invest co-manages over 15,000 (early-stage) to 25,000+ (current) EV assets with Astranova, providing the investment platform and co-deployment infrastructure for the EV financing business.
- OSM (Omega PIDcoreOEM partner for electric vehicle sourcing, supplying 2-wheelers, 3-wheelers, and LCVs for deployment through Astranova's financing platform.
- ShadowfaxcoreMajor last-mile logistics partner and customer, operating commercial EV fleets for delivery services financed through Astranova's platform.
- ZyppcoreElectric fleet operator partner using Astranova's financing and asset management solutions for its EV delivery fleet operations.
- UdaancoreB2B marketplace platform operating EV fleets for logistics and distribution, financed through Astranova's platform.
- FurlencominorFurniture and appliances company operating EV delivery fleets financed through Astranova's leasing solutions.
- Blue TokaiminorSpecialty coffee brand operating EV delivery fleets for last-mile coffee distribution financed through Astranova.
- SleepyOwlminorCoffee brand operating EV fleets for delivery operations financed through Astranova's platform.
- FabAlleyminorFashion and lifestyle brand operating EV delivery fleets for retail and e-commerce fulfillment financed through Astranova.
- MukundaminorFood technology company operating EV fleets for delivery operations financed through Astranova's platform.
Scale indicators7 records
Recent moves6 records
Expansion highlights4 records
Astranova Mobility competitors and assessment
Company assessmentDirect peers
- MoEVing: MoEVing is an India-based EV fleet-as-a-service platform that provides electric vehicles, charging and fleet management to commercial operators. It directly competes with Astranova in the commercial EV fleet financing and operations space.
- RevFin: RevFin is an Indian digital lending NBFC focused on financing electric 3-wheelers, 2-wheelers and commercial vehicles for drivers and small fleet operators. It is directly comparable to Astranova on commercial EV financing product and target segment.
- Lithium Urban Technologies: Lithium Urban is India's largest corporate EV fleet and employee transportation services company, serving enterprise customers with electric sedans and buses. It is a direct peer in commercial EV fleet deployment and asset ownership.
- Turno: Turno (formerly Orxa) is an India-based commercial EV marketplace and financing platform for 3-wheelers and small commercial vehicles, offering financing, leasing and after-sales support. It is a direct peer in commercial EV financing and asset management.
- Grip Invest: Grip Invest is Astranova's founding partner and operates an asset-leasing investment platform that co-finances EV assets. It is a direct peer in EV asset leasing and subscription, sharing the same co-deployment model and customer ecosystem.
- Yulu: Yulu operates India's largest shared electric 2-wheeler mobility platform for last-mile delivery and commuter use, with B2B fleet partnerships. It overlaps with Astranova on last-mile delivery EV fleets and is a relevant commercial EV fleet peer.
Emerging players
- Sun Mobility: Sun Mobility operates one of India's largest battery-swapping and EV energy infrastructure networks, partnering with fleet operators and OEMs. It overlaps with Astranova on energy solutions and battery-as-a-service for fleet electrification.
- BluSmart: BluSmart is an Indian all-electric ride-hailing and chauffeur service operating its own EV fleet. It is comparable on commercial EV fleet deployment and asset operations, though its end-customer model (B2C ride-hailing) differs from Astranova's B2B fleet financing.
- Bounce Infinity: Bounce Infinity operates electric scooter sharing, rentals and battery swapping in India, with a commercial fleet leasing line. It is an emerging peer in commercial EV two-wheeler leasing and subscription.
Broad incumbents
- Ola Electric: Ola Electric is India's largest listed electric two-wheeler manufacturer, with its own captive financing, leasing and B2B fleet offerings. As a broad incumbent, it competes with Astranova on EV asset financing for commercial 2W fleets and is a vertically integrated counterpart.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Astranova Mobility social profiles
Digital presenceAstranova Mobility financial estimates
Financial estimateRevenue estimate
Valuation estimate
Astranova Mobility leadership team
Management profileNumber of profiles
Profiles2 records
Astranova Mobility funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Astranova Mobility M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Astranova Mobility
What does Astranova Mobility do?
Astranova Mobility is a full-stack electric vehicle asset management and leasing platform that provides customised operating leases and financing, AMC-based maintenance, certified refurbished asset redeployment, and energy solutions (charging and battery swapping) to commercial fleet operators across 2-wheelers, 3-wheelers, LCVs, passenger cars, buses, and trucks. Its proprietary tech and data stack uses AI-driven predictive analytics, risk assessment, and asset performance monitoring to manage EV assets across their lifecycle, integrating OEM sourcing, financing partners, and charge point operators into a single platform.
Is Astranova Mobility a public or private company?
Astranova Mobility is a private company. It is classified as venture growth investor backed and is currently operating.
When was Astranova Mobility founded?
Astranova Mobility was founded in 2023. It employs 11 to 50 people.
Where is Astranova Mobility based?
Astranova Mobility is headquartered in Gurugram, India, in the Asia region.
How does Astranova Mobility make money?
Four revenue lines are on record. EV Financing and Leasing is the primary driver. The others are maintenance and Service (AMC), refurbished Asset Leasing and Resale and energy Solutions.
Who are Astranova Mobility's main competitors?
Direct peers on record are MoEVing, RevFin, Lithium Urban Technologies, Turno, Grip Invest and Yulu. Emerging players are Sun Mobility, BluSmart and Bounce Infinity. Ola Electric is listed as a broad incumbent.
Does Astranova Mobility have an API?
No public API is recorded for Astranova Mobility.
What industry is Astranova Mobility in?
Astranova Mobility's product category is Commercial EV Fleet Financing and Leasing. Its primary akta.pro industry code is TLABAHAH, EV Fleet Leasing & Subscription (EVs, Charging Bundles, Battery-as-a-Service), with a secondary code of TLABAHAO, Corporate Mobility & Car Sharing / Pool Fleet Management. Its NAICS code is 5321 and its SIC code is 7510.