Astranova Mobility Pvt Ltd, formerly known as Electrifi Mobility, is setting ambitious targets to expand its presence in India’s EV sector. With plans to deploy over $1 billion in sustainable transportation assets within the next five years, the company is focusing on accelerating the shift toward green mobility.

Since its launch in 2023, Astranova Mobility, along with its sister company Grip Invest, has played a key role in supporting over 50 fleet operators in adopting electric vehicles. Their efforts have collectively covered more than 2 million green kilometers, cutting down 40,000 tonnes of CO₂ emissions annually. By integrating financing solutions, infrastructure development, and scalable EV initiatives, the company aims to push India closer to its goal of a net-zero transportation future.

Kunal Mundra, CEO and Co-founder of Astranova Mobility, stated: “As Astranova Mobility, we're doubling down on our commitment to accelerate sustainable transportation in India at scale. With nearly 20,000 EVs already deployed and a $1 billion vision, we're fostering a collaborative ecosystem for financiers, OEMs, and fleet operators. Our immediate focus is on doubling our deployments to over 40,000 EVs in the next year, expanding our partnerships, and attracting the investment needed to fuel this next phase of growth.”

Astranova Mobility is tackling the financing challenges in India's EV sector by collaborating with leading public and private financial institutions, including banks and NBFCs. The company has introduced asset-backed financing models designed specifically for fleet operators, making it easier for them to transition to electric vehicles. Backed by investments from prominent firms such as Asian Development Bank (ADB) Ventures and AdvantEdge, Astranova Mobility is strengthening its position in the sustainable transportation space. With a data-driven, asset-first approach, the company aims to accelerate large-scale EV adoption through its comprehensive solutions tailored for fleet operations.

Astranova Mobility, formerly known as Electrifi Mobility, has rebranded itself to reflect a broader commitment to sustainable transportation. The new identity aligns with the company’s long-term vision of building an advanced mobility ecosystem that goes beyond electric vehicles. With a focus on technology-driven, asset-backed solutions, Astranova Mobility aims to bring together key industry players and innovative strategies to shape the future of sustainable mobility in India. This transformation marks the beginning of a new phase, positioning the company at the forefront of next-generation transportation solutions.