Astranova Mobility raised 24 crore Rs in a seed funding round led by Asian Development Bank (ADB) Ventures and AdvantEdge to expand its focus beyond electric vehicles.
Mar 06, 2025•4 months ago
Amount Raised
₹240 Million
Round Type
seed
Investors
Advant EdgeAsian Development Bank (Adb) Ventures
Description
Astranova Mobility, formerly Electrifi Mobility, raised Rs 24 crore in a seed funding round to support its expansion beyond electric vehicles. The company plans to deploy $1 billion in sustainable transportation assets over the next five years.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech