Astranova, formerly Electrifi, was founded in 2023 by Kunal Mundhra and Nikhil Aggarwal. We partnered with the company in its first round of funding.
Astranova finances electric vehicles on lease for commercial operators. Financing, not vehicle supply, is the bottleneck for fleet electrification, and a lender that understands battery health and duty cycles can price risk that banks cannot.
We wrote about Astranova
Battery intelligence: the missing layer in India's used EV market
India registers 2.5 million electric vehicles a year and has no trusted way to value the battery inside one. A grading standard for used commercial EVs would underpin resale, financing, insurance and second-life storage.
Fleet electrification needs to lead India's EV push
An electric fleet will not only make the business sustainable for logistics and shared mobility companies, but it will also lead to higher overall profitability.
