Astranova Mobility: Pioneering Sustainable Transportation Beyond EVs
Key Ideas
- Astranova Mobility, formerly Electrifi Mobility, is expanding beyond electric vehicles to deploy $1 billion in sustainable transportation assets over five years.
- The company has raised Rs 24 crore in seed funding and supports 50 fleet operators, facilitating the reduction of 40,000 tonnes of CO2 emissions.
- With partnerships with OEMs and financial institutions, Astranova Mobility plans to grow its fleet to 40,000 vehicles and integrate new technologies like hydrogen in its growth strategy.
- The rebranding reflects a commitment to transforming India's mobility landscape towards achieving net-zero emissions and enabling the adoption of future technologies like hydrogen.
Electrifi Mobility, now known as Astranova Mobility, has announced its rebranding to signify its expansion beyond electric vehicles (EVs) into sustainable transportation. The company has ambitious plans to deploy $1 billion in sustainable transportation assets over the next five years. Having raised Rs 24 crore in seed funding and supporting 50 fleet operators, Astranova Mobility has already made significant strides in reducing carbon emissions, claiming to have facilitated the reduction of 40,000 tonnes of CO2 emissions.
The company boasts over 20,000 EV assets on the road and offers a range of services including EV asset selection, financing, leasing, repair and maintenance, roadside assistance, and refurbishment. The name Astranova, which combines 'Astra' and 'Nova' symbolizing celestial guidance and transformation, respectively, reflects the company's broader vision and commitment to sustainable transportation.
Kunal Mundra, the Co-Founder and CEO of Astranova Mobility, highlighted the company's dedication to shaping the future of sustainable transportation in India. He emphasized the importance of addressing core challenges in EV adoption and expressed the company's commitment to enabling the adoption of new technologies like hydrogen.
Astranova Mobility plans to rapidly expand its fleet to 40,000 vehicles in the coming year, leveraging partnerships with over 20 OEMs and 10+ financial institutions. The company aims to integrate new technologies, including hydrogen, as part of its growth strategy. The move towards hydrogen reflects the company's proactive approach to embracing innovative solutions in the sustainable transportation sector.
Overall, the transition to Astranova Mobility showcases a positive outlook on the company's future, with a strong emphasis on collaboration, innovation, and determination to drive the adoption of sustainable transportation practices, including the integration of hydrogen technology.