Astranova Mobility has raised ₹60 crore from a Series A fundraise led by IvyCap Ventures, with participation from Trucks Venture Capital and existing investors Asian Development Bank and AdvantEdge Founders.

IC RegFin Legal advised Astranova Mobility on this fundraise.

The transaction team consisted of Anish Jaipuriar (Partner), Hardik Sabbarwal (Senior Associate), and Karan Vohra (Associate).

JSA Advocates & Solicitors advised lead investor Ivycap Ventures on this fundraise.

The transaction team was led by Anurag Shrivastav (Partner), with support from Niharika Rao (Senior Associate), and Ayush Chaturvedi (Associate).

Siddharth Mody (Partner) provided strategic inputs.

TT&A advised existing investor Asian Development Bank on this fundraise.

The transaction team consisted of Dushyant Bagga (Partner), Harshit Chandra (Partner) and Shambhavi Singh (Senior Associate).

The Resolution Law Group advised existing investors, AdvantEdge, on this fundraise.

The transaction was led by Managing Partner Sunaina Paintal.

Astranova Mobility is a full-stack electric vehicle (EV) asset management and leasing company that specializes in helping commercial fleets transition seamlessly to electric vehicles. They provide comprehensive solutions to support fleet electrification, enabling businesses to move towards net-zero emissions efficiently.

The Company will deploy the freshly raised funds to enhance AI and engineering capabilities.

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