Powering Urban Transit with Electric Buses!

Imagine hopping on a bus that doesn’t rumble with a noisy engine, doesn’t emit clouds of exhaust, and doesn’t rely on fossil fuels. Instead, it glides through the streets silently, powered by clean and sustainable electricity. Yes, we’re diving headfirst into the remarkable realm of electric buses – the next big revolution in urban transportation! […]

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 in this space & their recycling technologies. The potential value creation for EV battery recycling, estimated at $95 billion per year by 2040, is massive and is attracting attention from […]

EV Battery Recycling I – 2nd Anniversary Edition

The Ostara Newsletter turns 2! Yes, this month marks the 25th monthly edition of “All about EVs”, a newsletter we launched in May 2021 to foster a conversation among investors about the Clean Mobility ecosystem in India. Little did we foresee the impact it would have and the number of people it would reach. It’s remarkable to note […]

The Digital Identity of EVs

We’ve all come across IoT (Internet of Things) in some form or the other in our daily lives like wearables that track our activity and fitness, navigating using GPS-tracking on our phone, smart toll-collection and many more… The Institute of Electrical and Electronics Engineers (IEEE) defines IoT as a system of self-adaptive and complex networks […]

EV Retrofitting

Hello there! We’re back with another juicy edition of the Ostara newsletter! First up, a couple of quick Ostara updates… Ostara Updates! Now, for our topic for this month… India’s first large-scale CNG programme kickstarted in 1998, in Delhi, after the Supreme Court of India then issued several directives centred around the clean fuel. Since then, almost […]

The Internal Network of the EV

From the Founder’s Desk: We have had an exciting start to the year! Lots of new launches in the Indian Electric Mobility landscape and a growing focus on clean mobility across stakeholders including in policy-making at the Central Government level. As deal activity increases in Mobility and Sustainability, we are looking to partner at mid-to-senior levels. If […]

The Indian EV ecosystem in 2022: The Ostara Review

As we launch full steam ahead into the new year, we look back at the year that was. 2022 bore witness to many milestones for Ostara Advisors, which we wrote about last month in the Ostara Rewind. This month, we look at the transformational trends for the Electric Mobility space in India during 2022, in the Ostara […]

2022: The Ostara Rewind

2022 has been an exciting year for Ostara Advisors. The mission that we started out with in 2018 – to create India’s first specialised investment bank focused on Mobility and Sustainability – has led us to pole position in our chosen sectors in 2022. As we bid farewell to this exciting year, let’s recap what we’ve been […]

Industry Report: The New World of Electric Vehicles – Investment and M&A Trends

Bangalore – Dec 12, 2022 – Ostara Advisors is pleased to share its latest Industry Report: The New World of Electric Vehicles – Investment and M&A Trends. Describing the forces that will define the next decade in personal transportation, the report contains an executive summary followed by six sections: Status of Automotive Software and Electronics The […]

Financing India's EVs – II

Last month, we discussed some key terms in EV financing, along with different frameworks and policies of the same. Continuing in the same vein, we will once again be delving into the world of financing, albeit from a different perspective. In Part 1, the frameworks and business models were from the perspective of NBFCs and […]

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).

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.

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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