Category: Brand
Electrifi Mobility becomes Astranova Mobility: Expands vision beyond EVs
Sub Line: Astranova Mobility is actively bridging critical market gaps with its strong execution and industry expertise.
Web Tags: Astranova Mobility
Mumbai: Electrifi Mobility, one of India’s largest EV financing and asset management companies, has rebranded as Astranova Mobility, signaling its expanded vision 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 $1 billion in sustainable transportation assets over the next five years, reinforcing its leadership in the space. In early 2024, Astranova Mobility raised ₹24 Cr 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.
Launched in 2023 alongside its sister concern Grip Invest, Astranova Mobility has helped more than 50 fleet operators electrify their operations, covering over 2 million green kilometres and reducing 40,000 tonnes of CO₂ emissions annually. Astranova Mobility envisions a future where seamless financing, robust infrastructure, and scalable EV solutions come together to drive India toward net zero transportation.
Looking ahead, the company aims to double its fleet to 40,000 vehicles within the next 12 months, while expanding its investor base and strengthening financing solutions tailored for sustainable mobility. With its data-driven, asset-first model, Astranova Mobility is poised to lead India’s sustainable mobility revolution—bringing together financing, infrastructure, and technology to unlock the next era of transportation.