Astar
About Us
At ASTAR Green Energy, we are building an integrated EV ecosystem (2-wheelers, 3-wheelers, batteries, spares, service) for Bharat’s last-mile connectivity—replicating the success of traditional ICE distribution networks while creating a future-ready electric mobility platform.
Sector
EV | Automative | Battery
Website
www.astarltd.com
Location
Delhi/NCR
Stage
Growth
The untold low-speed EV 2W story – a $10B+ opportunity
Most leading brands like Ather and Ola have focused on metro markets, while the much larger 75%+ demand lies in semi-urban and rural India, which is growing rapidly. India is at an early inflection point, similar to China and Vietnam:
-> EV penetration: China 55%, Vietnam 22%, Kenya 15%, India only 6.5%
-> China EV 2W market: $10.58B (2023) → $23.87B by 2032 (CAGR ~9.46%)
Opportunity
TEAM
Co-Founder & CEO
CA with 18+ years’ experience across EVs, batteries, and banking (ex-Yes Bank, Axis Bank).
Co-Founder & Director- Technical
11+ years in customization & fabrication