ah! Ventures invests in Clean Mobility & EV Startup Starya Mobility through its First Gear Platform. This is ah! Ventures’ 67th investment taking its total investment portfolio to INR 196 CR with 10 exits till date. This is ah! Ventures’s 4th investment in 2021 and they plan to do 50+ investments in 2021 totalling to INR 150+ CR.
Starya Mobility' vision is to be the most preferred green mobility solution provider by developing affordable & reliable cutting edge technology. Its first offering being a patented electric propulsion kit that can convert gearless IC engine scooters into electric without any deterioration in performance at less than half the cost and 1/3 running cost of its IC engine counterpart equipped with a swappable battery pack that can be swapped at more than 200+ outlets.
Ravi, founder of Starya says, “We are super excited to synergize with ah! Ventures and their vast pool of multi-domain expertise, having found common ground in the fact that green revolution at its root, is an attempt to migrate the IC engine crowd to electric, we at Starya are both figuratively and quite literally attempting just that, by adapting a holistic solution to the concept of retrofit.”
Amit Kumar, Partner, ah! Ventures says, “We are very happy to be associated with Starya. They are attempting to disrupt the EV space by introducing a novel product line, aiming to make EVs affordable to lot of people. The team is innovation driven and is extremely passionate about the company they are building. I am sure all of us at ah! will enjoy the journey with Ravi and other team members" ”