Catalyzing Capital in Electric Vehicles Mobility Energy Automation

Transforming the mobility sector one deal at a time

Created at a time when no investor was looking at the electric mobility sector in India, Ostara Advisors continues to pave the path forward for entrepreneurs in this sector. We are India’s first and only Electric Mobility & Sustainability focused investment banking firm


We provide specialized advisory services in the following areas:


We create and execute precise fund-raising solutions from venture capital, private equity, venture debt and family office investors for all stages of the business. We leverage our deep understanding of focus sectors to curate the right investors from across the globe.

Mergers & Acquisitions

We provide M&A advisory services to our clients to serve their strategic priorities. We combine our expertise in cross-border and domestic M&A for start-ups and mid-size companies to deliver precise outcomes.

Electric Vehicles

Mobility & Logistics


Digital Industry

Marquee Deals


Cogos Technologies

Leading intra-city B2B logistics platform built on IoT Technology and AI/ML analytics for Pan-India operations. Ostara advised them in their bridge funding round. Recently raised $1.2M debt funding from Vivriti Capital


Vitalcore Industrials

India’s first cross-platform BLDC motor controller technology company. They focus on technology R&D of PCB kits to create optimal solutions for BLDC Motor applications. Ostara advised them in their bridge funding round.



India’s leading Electric 3-Wheeler Commercial Vehicle OEM providing technology and solutions for last-mile transportation. Ostara was the advisor in their latest $40M Series A round led be Sixth Sense Ventures. Planning to raise $85M in funding at a $350M valuation.


Zypp Electric

India’s largest tech-enabled EV as a service platform focused on last-mile logistics. Ostara advised them in their Series A round led by Anthill Ventures and 9Unicorns Accelerator Fund. Recently raised Series B funding of $25M led by Gogoro, Goodyear Ventures and other investors at 5.5x higher valuation than previous valuation.


ION Energy

Advanced battery management and intelligence platform focused on improving the life and performance of Li-ion batteries. Ostara advised them in their pre-series A round led by Amazon’s Climate Pledge Fund, Yournest Venture Capital, Riso Capital, and other investors.


Greaves Cotton:

Ostara was the exclusive M&A advisor for Greaves Cotton to acquire Ampere Vehicles, India’s leading Electric two-wheeler OEM. Ostara was the exclusive M&A advisor for the $24M acquisition. Greaves Electric Mobility, owner of Ampere, has recently raised up to $220M strategic investment from Abdul Latif Jameel at a $419M valuation

Ostara Research

As the pioneers in the field, Ostara Research delivers the most detailed and actionable insights in the Electric mobility space packaged with the latest news and updates in the ecosystem. This is a monthly publication addressing various knowledge topics in this sector aimed at spurring a conversation with investors & entrepreneurs

The EV Revolution in Motorcycles

In the dynamic landscape of India’s two-wheeler market, where the electric scooter revolution has been stealing the spotlight, the presence of motorcycles, which constitute over

Read More »

EV Battery Recycling II

Hey Everyone!! We are back with our monthly edition to dive into India’s recent Battery Waste Management Rules as well as feature select global actors

Read More »

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Mukund Ranganathan


Marquee deals

Mukund Ranganathan


Mukund is a seasoned investment banker with 27 years of experience in advising companies on M&A and capital raising transactions. He has served most recently as Joint Managing Director at Motilal Oswal Investment Banking, where he worked from June 2014 to January 2021. During his career, he has facilitated over 70 strategic financial transactions including Motherson Sumi’s acquisition of PKC Group (Finland), sale of Aurangabad Electricals to Mahindra CIE, Siemens’ sale of Bangalore Airport, sale of Spicejet, Aegis’ acquisition of PeopleSupport (USA), sale of Air Deccan among others. Mukund has extensive experience in raising private equity funding as well as in the capital markets including IPOs, follow-on offerings, GDRs and ADRs for L&T Finance, Indostar, Dixon Technologies, Bharat Financial Inclusion, Tata Consultancy Services (TCS), Wipro, GAIL, etc.

Mukund has earlier worked for 9 years at Edelweiss Financial Services and started his career in 1996 with a 9-year stint at Morgan Stanley. Mr. Ranganathan holds a B.Tech degree in Electrical Engineering from Indian Institute of Technology Madras (1994) and a PGDM from Indian Institute of Management, Ahmedabad (1996).

Vasudha Madhavan

Marquee deals

Vasudha Madhavan

Founder & CEO

Vasudha is the founder of Ostara Advisors (formerly Dhruva Advisors) and is one of the first investment bankers in India to specialise in Electric Mobility, having advised clients in this space since 2017. She made her all-India M&A League Table debut in the top 20 in October 2018.

Vasudha has over 20 years of experience in Corporate & Investment Banking; with leading organizations like Citibank and ICICI Bank, as well as in boutique investment banking, based in Mumbai and Bangalore. Vasudha is responsible for having set up and expanded the ‘Private Equity & Hedge Fund’ coverage vertical for Citibank, India. She has also been part of Citibank’s Risk Management team for mid-size corporates, managing the bank’s lending decisions to a portfolio of companies in ITES, auto components, facilities management services, logistics, diversified manufacturing etc.

Vasudha is also a mentor at Aspire for Her, a unique organisation that enables women to join and stay in the workforce, through campus engagement, mentorships and skilling workshops. Their vision is to impact 1 million+ women and add $5B to India’s GDP through increased participation of women in the workforce by 2025.

Vasudha earned her MBA in Finance from XLRI, Jamshedpur, India and her Bachelor’s degree in Commerce from Mount Carmel College, Bangalore, India. She is also a certified Advanced Scuba Diver and enjoys photography, having held several solo and group exhibitions of her work.

R. 'Shanx' Ravisankar

Industry Expert – Financial Technology and Cloud Solutions

Shanx is a founding member and former CEO of Oracle Financial Services Software, (formerly known as i-flex Solutions, the company was acquired by Oracle in 2006). Shanx retired in 2011 as the Chief Operating Officer, Oracle Financial Services Global Business Unit (FSGBU). As a technology leader, he has also been profiled in leading trade and industry publications. In 2008, Shanx was selected as one of the 50 Outstanding Asian American business leaders. This accolade celebrates Asian business leaders and recognizes their pivotal roles in Corporate America. Shanx is an engineering graduate from the Indian Institute of Technology, Chennai, and has an MBA in Management from the Indian Institute of Management, Ahmedabad, India.
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