Enabling entrepreneurs who are making the world carbon-free

Ostara Advisors is India’s first specialist climate-tech investment banking firm.

We provide Fundraising and M&A solutions to companies and investors. We work with founders and investors who have a unique vision around building sustainable businesses.

We have built India’s best sector-focused global investor network for mobility and energy businesses, powered by our subject-matter expertise and thought-leadership in these sectors. We bring decades of experience in executing capital-raising strategies and crafting business combinations to drive win-win M&A outcomes for our clients.

The name is symbolic of the ‘dawn’ of sustainability in traditional industries and a growing focus on ‘lightening the carbon footprint’ across businesses

Focus Areas

OEM

Battery & Powertrain

Charging Networks & Technology

Financing Solutions

Fleets & Shared Mobility

Autonomous & Connected Mobility

Distribution & Aftermarket Solutions

Cold Chain & Supply Chain Solutions

New Materials & Sustainability

Recycling Technologies

Hydrogen & Renewable Energy

Decarbonization & Energy Storage

Industrial IoT & Automation

Energy Efficiency

Zero Waste Manufacturing

Smart Buildings

Driving Principles

We deliver results for our clients. We work with a long-term perspective supporting clients through multiple growth stages. We were the first investment banking firm to bring global mobility & sustainability focused investors into India. We are also known for bringing first-time strategic investors to our clients.

We provide unbiased advice rooted in our extensive domain knowledge and backed by our data driven approach. Our clients trust us to provide honest guidance and prioritize the client’s interests above all else.
We believe in thinking out of the box. Positioning these new-age businesses require breaking traditional Investment banking constructs. We bring a fresh perspective to each fundraise process, backed by our domain expertise and global investor network.
We are committed to being leaders in driving the transition to a sustainable economy. We actively identify innovative and impactful investment opportunities that align with our vision of a cleaner, greener future. Our clients rely on us for our domain expertise and thought leadership.

Team

Vitaly M. Golomb

Associate Partner
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Advisory Board

Shailesh Vickram Singh

Climate Entrepreneur
& Investor
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R. 'Shanx' Ravisankar

Industry Expert – Financial Technology
and Cloud Solutions
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Subrat Panda

Investment
Banker
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Vasudha Madhavan

Marquee deals

Vasudha Madhavan

Founder & CEO

A pioneer in India’s electric mobility and climate-tech investment ecosystem, Vasudha is the Founder & CEO of Ostara Advisors and has led transformational deals, including India’s first M&A in the electric two-wheeler sector. With over 22 years of experience in Corporate & Investment Banking, she has catalyzed global capital flows into clean mobility, making Ostara Advisors a leader in growth-stage fundraising and M&A.

She has previously worked at Citibank, where she was responsible for setting up & expanding Citi’s India’s ‘Private Equity and Hedge Fund’ coverage vertical, ICICI Bank’s Treasury Division & the Product Technology Group and boutique investment banking firms and made her debut in the Top 20 on the All-India M&A League Tables in late-2018. In 2023, Vasudha was felicitated by India Energy Storage Alliance (IESA) as one of the Top 40 ‘Women leaders driving Energy sector in India’.

After an illustrious career in the Banking sector where she was known for her business acumen as well as her intrapreneur skills, she honed in on Climate-Tech as the vertical she wanted to make a mark in. Vasudha founded Ostara Advisors in 2015 to catalyze global capital flows into the clean mobility and climate-tech ecosystem in India. Taking a thought-leadership approach in these sectors, the firm is today an early mover in institutionalizing fund-raising in these sectors with a focus on growth stage fund-raising and M&A transactions.

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.

Vitaly M. Golomb

Vitaly M. Golomb

Associate Partner

Vitaly Golomb is a seasoned technology entrepreneur, investor, and investment banker with over 20 years of experience in Silicon Valley. As a Partner at Drake Star, he led the Mobility and Climate Tech practice, advising companies like Rimac Automobili, Fisker, and Taiga Motors. Previously, Vitaly was a Founding Partner at HP Tech Ventures and CEO of several startups. He is the author of “Accelerated Startup” and a frequent keynote speaker at global tech conferences.

Vitaly’s expertise spans artificial intelligence, mobility, sustainability, and industrial tech. At Mavka Capital, he leverages his diverse background in venture capital, M&A, and entrepreneurship to guide innovative companies through complex market dynamics and growth opportunities.

Shailesh Vickram Singh

Climate Entrepreneur and Investor

Shailesh Vickram Singh is founder of GoMassive, which is sponsor of Climate Angels Fund – a sustainability focussed VC fund which invests in the area of Agriculture, Mobility, Clean energy, Waste (plastics / water / sanitation) and sustainable built environment. It has made 13 investments so far in Climate Tech.  
 
He is also trustee of Massive Earth Foundation – a non profit which is running accelerators for UNEP (LowCarbon.earth), International Finance Corporation (IFC) and many other corporates.
 
Prior to starting Massive, Shailesh, with 20 years of investing experience, was an executive director with SeedFund ($54 mn fund), an early stage marquee  VC fund in India, Before SeedFund, Shailesh was  MD of a PE Fund ($170 mn). 
 
Shailesh is a regular speaker and has written extensively on Agriculture, Farmer income, Economics, Venture capital and entrepreneurship. Some of the notable events where Shailesh has been a speaker 
 
  • Financial Times Investing for Good, Hong Kong, 
  • UN regional Climate summit- Bangkok, 
  • SWITCH Asia Clear Air Summit Bangkok, 
  • ANDE Summit (Aspen Network of Development Entrepreneurs), 
  • United Nations Environment Assembly, Nairobi, 
  • UNEP High level Dialogue series, Delhi, 
  • multiple events at Assocham, CII conferences, and at leading Institutes in India ( IIT Delhi, IIM Lucknow, IIT Kharagpur among others).
 
Shailesh’s articles are regularly published at leading newspapers of India including Economic Times, Times of India, YourStory, Inc42, Swarajya Magazine, MoneyControl etc and he is a regular feature at on various TV shows including  CNBC Awaaz, News24 etc on issues related to on Climate Investing, Venture capital and Entrepreneurship.
 
Shailesh has done his MBA from IIM Lucknow and B.Tech from GB Pant Univ.

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.

Subrat Panda

Investment Banker

Subrat Panda is a veteran investment banker with over 20 years of experience in leading Capital Market transactions. His specialities include Public offerings (initial and follow-on), QIP issuances, equity rights issuances, open offers, private equity, debt capital markets, due diligence, corporate finance, financial modelling, valuations and investor interactions. He is currently Director at Motilal Oswal Investment Banking in Mumbai. Prior to this, he was VP, Capital Markets at Tata Capital. He started his career with SBI Capital Markets, the investment banking arm of India’s largest bank where he headed the Equity Capital Markets team in Mumbai. He has extensive experience in advising large and medium companies in the Financials, Infrastructure and Energy sectors on domestic and international fund-raising and M&A strategies. Early in his career, he was also on a special assignment to State Bank of India (SBI) to set up their online banking platform. Subrat earned his MBA in Finance from XLRI, Jamshedpur and completed his B.Tech (Electrical Engg.) from College of Engineering and Technology, Bhubaneswar. Subrat enjoys mountaineering in the Himalayas in his leisure time.

Mukund Ranganathan

Partner

Marquee deals

Mukund Ranganathan

Partner

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).

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