Financing India's EVs

Increased consumer interest in electric vehicles and strong policy support point to a positive growth trajectory for the Indian EV ecosystem. Financing of EVs has continued to remain a challenge both for B2C and B2B customers. Having said that, solutions continue to evolve and we take a look at some frameworks and trends in our […]

The EV Battery Management System (BMS)

The past few months have put electric vehicles (EVs) in India in the spotlight for all the wrong reasons! Recent EV fires have raised concerns about the safety of the electric vehicles, with many companies coming under scrutiny. The good news is that this affords a great opportunity for the EV ecosystem to course-correct, invest […]

Oh SPAC!

Welcome back to this brand new edition of the Ostara Newsletter!  This month, we shine the spotlight on the much-talked about SPACs. 2021 was a tumultuous year for SPACs in general and Electric Vehicle (EV) companies that participated in this SPAC-mania, in particular. Read on as we give you a round-up of the rise and […]

The Emerging Opportunity in Micro-mobility

Micro-mobility: a quick overview Micro-mobility vehicles refer to a range of small, lightweight vehicles operating at a speed of not more than 25 km/h (15 miles/h) and considered ideal for commuting within a 10 km range. These vehicles include e-bicycles (e-Bikes), e-kickscooters, skateboards and others. These vehicles do not require the rider to be licensed or insured, and are uniquely adaptable […]

Introducing Hydrogen

Source: Sintef Hydrogen is a colorless, odorless, tasteless, and nonpoisonous gas under normal conditions on Earth. It typically exists as a diatomic molecule, meaning each molecule has two atoms of hydrogen; this is why pure hydrogen is commonly expressed as “H2” Hydrogen is the most abundant element in the universe, accounting for 90 percent of the universe […]

The Driving Force

Wishing all our readers a Happy Diwali and a great year ahead!  In this edition of “All About EVs”, we discuss the driving force of the electric vehicle, the Electric Motor. The global electric motor market is expected to grow from an estimated USD 113.3 billion in 2020 to USD 169.1 billion by 2026, at a […]

Mobility-as-a-Service (M-a-a-S)

MaaS is an innovative concept that combines different transport modes to offer consumers the possibility to get from A to B in a flexible, personalized, on-demand and seamless way, through a single interface.  In recent years, the concept of Mobility-as-a-Service (MaaS) has been gaining popularity. The rise of Mobility-as-a-Service (MaaS) platforms, shared and networked vehicles, and other […]

EVs and the Energy Grid

I must admit that I get excited just at the thought of non-polluting, noiseless electric delivery vehicles and passenger cars plying the roads, especially in a city like Bangalore where traffic jams challenge all your senses almost equally. No carbon emissions in the city! How great would that be! But before we get too excited […]

Battery-as-a-service for Electric Mobility

India has about 330m* motor vehicles on its roads today, ~83% of which are two-wheelers (2W) and three-wheelers (3W), which have also been among the fastest growing segments over the past decade. Average trip lengths in India tend to be shorter than those in the developed world, primarily due to higher urban densities. If we overlay these factors […]

The EV Powertrain Edition

EV powertrains for India and similar emerging markets of South Asia, Africa & South America have to be built super-rugged to perform well in tough weather, road and usage conditions. Not just that, they also have to compete in price and performance with fossil fuel vehicles, in order to see accelerated customer adoption. All of these pose interesting challenges […]

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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