Astro Motors - About the company
Astro Motors is an acquired company based in Mumbai (India), founded in 2022 by Kunal Bhuvnesh Premprakash Chandra, Hardik Dhiren Dhanak and Vitan Sandeep Jagada. It operates as a Manufacturers of electric three wheelers for logistics. Astro Motors has raised $217K in funding from Shakti Plastic Industries, with last known valuation of $*****. The company has 324 active competitors, including 29 funded and 7 that have exited. Its top competitors include companies like Euler Motors, 3evi and Greaves Electric Mobility.
Company Details
Manufacturers of electric three wheelers for logistics. The company develops electric three-wheelers for commercial usage. The vehicles features includes 650 kgs of payload capacity, 115 km range, 12W power, and more.
- Website
- astromotors.in
- Email ID
- *****@astromotors.in
- Registered Address
- B/43, KEDARNATH APARTMENT, SONI WADI SHIMPOLI ROAD, BORIVALI WEST, Mumbai City, MUMBAI, Maharashtra, India, 400092
Key Metrics
Founded Year
2022
Location
Mumbai, India
Stage
Acquired
Total Funding
$217K in 3 rounds
Latest Funding Round
Last Known Valuation
$***** as on Apr 09, 2025
Investors
Ranked
15th among 324 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
17 as on Jul 31, 2026
Similar Companies
Exit Details
Acquired by Remsons (Apr 09, 2025)
Legal entities associated with Astro Motors
Astro Motors is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ASTRO MOTORS PRIVATE LIMITED CIN: U34100MH2020PTC337395 , India, Active | Feb 07, 2020 | 0 - ₹10 Cr (As on Mar 31, 2025) | - |
Astro Motors's acquisition details
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Astro Motors's funding and investors
Astro Motors has raised a total funding of $217K over 3 rounds. Its first funding round was on 2023. Its latest funding round was a Seed round on Feb 07, 2024 for $*****. 1 investor participated in its latest round. Astro Motors has 6 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Astro Motors:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 07, 2024 | 6570428 | Seed | 5606322 | 3894906 | 8090735 | 8843330 |
Jun 21, 2023 | 5189381 | Seed | 3665206 | 3790833 | 7052094 | |
2023 | 9609 | Seed | 8656 | 8826 | 5792 |
Access funding benchmarks and valuations. Sign up today!View details of Astro Motors's funding rounds and investors
Astro Motors' founders and board of directors
Founder? Claim ProfileThe founders of Astro Motors are Kunal Bhuvnesh Premprakash Chandra, Hardik Dhiren Dhanak and Vitan Sandeep Jagada.
Here are the details of Astro Motors' key team members:
- Kunal Bhuvnesh Premprakash Chandra: Co-Founder of Astro Motors. They serve on the board of 1 company.Contact Info: 1 phone number
- Hardik Dhiren Dhanak: Co-Founder of Astro Motors. They serve on the board of 1 company.Contact Info: 1 phone number
- Vitan Sandeep Jagada: Co-Founder of Astro Motors. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
Astro Motors' Board of Directors
Astro Motors's board has 4 active members. Kunal Bhuvnesh Premprakash Chandra, Hardik Dhiren Dhanak and Vitan Sandeep Jagada are part of team and Devina Sandeep Jagda is independent board member.Here is the list of Astro Motors' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 3y 8m | |
Team | - | Current | 5y 9m | |
Team | - | Current | 6y 2m | |
Independent board member | - | Current | 6y 2m |
View details of Astro Motors's Founder profiles and Board Members
Astro Motors' employee count trend
Astro Motors has 17 employees as of Jul 26. Here is Astro Motors's employee count trend over the years:
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Astro Motors's Competitors and alternates
Top competitors of Astro Motors include Euler Motors, 3evi and Greaves Electric Mobility. Here is the list of Top 10 competitors of Astro Motors, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Euler Motors 2018, Delhi (India), Series E | Manufacturer of electric commercial vehicles and TCO calculation service | $254M | 73/100 | |
2nd | Developer of software facilitating data analysis and workflow automation processes | $32.1M | 72/100 | ||
3rd |  Greaves Electric Mobility 2008, Bengaluru (India), Series B | Manufacturer of electric two-wheelers, three-wheelers, and rickshaws for transportation | $226M | 69/100 | |
4th |  TI Clean Mobility 2022, Chennai (India), Series D | Provider of solutions for electric vehicle charging and energy management | $519M | 57/100 | |
5th | Clean Motion 2010, Lerum (Sweden), Public | Manufacturer platform focusing on commercial and light vehicles | - | 56/100 | |
6th | Retailer of electric bikes and related accessories for personal transport | $11.1M | 55/100 | ||
7th | Manufacturer of electric three-wheel vehicles for cargo and passenger transport | $48.9M | 52/100 | ||
8th |  Montra Electric 2020, Chennai (India), Seed | Manufacturers of electric three-wheeler | - | 51/100 | |
9th | Deltic Autocorp 2016, Delhi (India), Public | Manufacturer of electric scooters, electric rickshaws, electric loaders, and electric garbage vehicles | - | - | 47/100 |
10th | Lohia Auto 2008, Noida (India), Unfunded | Manufacturer of electric two-wheelers, three-wheelers, and diesel three-wheelers | - | - | 47/100 |
15th |  Astro Motors 2022, Mumbai (India), Acquired | Manufacturers of electric three wheelers for logistics | $217K | 43/100 |
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Astro Motors's Latest cap tables and shareholding
Founders (largest shareholder) own 86.94%, Funds own 1.49%, Enterprises own 3.08% and Other People own 2.50%. The net worth of Astro Motors's founders is INR 14.6Cr as of Feb 07, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 86.94% | 14.6Cr | 7180201 | 4454759 | 6147809 | 4999771 |
4661598 | 5646339 | 2430899 | 6567501 | 9307234 | 8833276 | |
1507065 | 6513300 | 8653408 | 6857240 | 7017581 | 8948767 | |
5401337 | 9631833 | 2417697 | 9737066 | 7928691 | 5435370 | |
Fund | 1.49% | 25L | 1 | 4 | 7 | 3 |
1 | 1 | 6 | 7 | 6 | 8 | |
Enterprise | 3.08% | 51.6L | 667 | 557 | 544 | 440 |
Other People | 2.50% | 42L | 56 | 86 | 15 | 36 |
Other Investors | 5.98% | 1Cr | 63454 | 48134 | 41256 | 62960 |
Total | 99.99% | 16.8Cr | 2815557 | 6243913 | 8186614 | 9434824 |
To unlock detailed Cap Table of Astro Motors Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Astro Motors's Shareholding
Astro Motors's Investments and acquisitions
Astro Motors has made no investments or acquisitions yet.
Reports related to Astro Motors
Here is the latest report on Astro Motors's sector:
News related to Astro Motors
•
Astro Motors unveils flagship EV products in the L5 cargo and passenger segment called Navya and NovaBusinessnewsthisweek•May 29, 2025•Astro Motors
•
•
Remsons Acquires Astro Motors To Enter Geared Electric Three-Wheeler MarketSafeguard Financial•Apr 09, 2025•Remsons, Astro Motors
•
Astro Motors Bags An Order For 1000 Manual Electric Three-Wheelers From SKS CleantechCarandbike•Jan 25, 2023•Astro Motors, SKS Cleantech
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