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Clean Mobility & EV Startup Starya Mobility raises 2 CR in its bridge round from ah! Ventures Angel Platform |
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| ah! Ventures portfolio company, Starya Mobility in the Clean Mobility & EV space has raised INR 2 CR in its bridge round of funding from ah! Ventures Angel Platform. ah! Ventures’ has done total 106 investments (in 81 Startups) till date taking its total investment portfolio to INR 256 CR (~34 MN USD) with 13 exits and 23 follow on rounds. 3 investments have happened through all three platforms in 2022 till date. |
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| This bridge round of funding has been raised within 6 months from their previous fund raise of 2.2 Cr, which was also raised on ah! Ventures First Gear platform. The bridge round will mainly be utilized towards servicing their very first orders received from customers after Starya Mobility opened up their converted scooters for trial rides from November 1st 2021. |
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| Ravi, founder of Starya says, “Thanks to ah! Ventures, for being amongst the very first external institute to have confidence in our solution. We were thrilled to see the end consumer’s excitement and acceptance of our product during the trial rides, we are hoping to repeat the process in scale very shortly. The holistic solution we are offering made sense to the consumer and we are happy to see investors upholding the same belief.”
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| Our immediate goal is to start production of the orders that we have received on hand, hoping to start deliveries from April onwards, whilst also setting up authorized service points and centers PAN India. We are also in the process of raising 4 USDM Pre-Series A round to aid scaling our business PAN India. we are looking at converting a minimum of 25000 scooters within the next 18-24 months. |
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| Amit Kumar, Senior Partner, ah! Ventures says, “We are extremely delighted to back Starya. The progress so far has been very encouraging, which has been validated by the overwhelming response we have received from existing and few new investors. I am sure Ravi and team will execute this to perfection to make Starya a formidable player in the EV space."
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| Interested in knowing more about this venture, write to Amit at amit.kumar@ahventures.in.
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto 1 CR, Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 4000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 256 CR (~34 MN USD) in 81 startups & 106 investments and have announced 13 exits & 23 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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