Astranova Mobility’s lending subsidiary, NovaFusion Capital, is reported to have received approval from the Reserve Bank of India to operate as a non-banking financial company (NBFC). The company says the new structure will expand financing for commercial electric-vehicle assets, while setting a five-year target of ₹5,000 crore in assets under management (AUM).
What happened
Coverage dated 14 October 2026 says NovaFusion Capital, the financing arm of Astranova Mobility, has received RBI approval to operate as an NBFC. Astranova has also said that capital for an initial ₹200 crore deployment is in place. Both the approval details and the deployment figure are based on company and press statements.
As an Amazon Associate I earn from qualifying purchases.
The exact RBI registration number and the subsidiary’s NBFC category were not identified in the available primary records. Those details should be checked against an RBI record before the licence is treated as fully verified.
Who is NovaFusion Capital?
NovaFusion Capital is described as Astranova Mobility’s dedicated lending subsidiary. Astranova presents itself as a full-stack electric-vehicle asset-management and leasing company rather than a lender that only disburses loans.
#1 Best Overall
- [Ultra-Lightweight Ear Buds Designed for Small Ears] Each earbud weighs only 3.7g and features a compact, ergonomic in-ear design made especially for small ears. Secure, low-profile, and comfortable for workouts, all-day wear or overnight sleeping.The ultra-slim profile sits flush in your ear with no hard edges poking or rubbing, so you can even sleep on your side without discomfort.
- [Immersive Stereo Sound with TOZO OrigX Technology] TOZO OrigX tuning delivers clear vocals, balanced mids, and natural stereo sound for music, podcasts, and videos.
- [Long Battery Life for Daily Use] Get up to 7 hours of playtime on a single charge, with up to 32 hours total using the charging case—ideal for workdays, commuting, and extended listening sessions.
- [Bluetooth 5.3 & Stable Connection] Bluetooth 5.3 provides fast pairing, stable wireless performance, and reduced dropouts as you move around home or office.
- [Deep Bass with Clear Vocals] High-performance drivers produce punchy bass while keeping vocals clean and detailed for everyday listening.
Its operating model combines vehicle discovery and distribution with customised operating leases and financing. It also lists maintenance through annual maintenance contracts, refurbishment, redeployment, technology and data platforms, and energy services delivered through partner battery-swapping and charge-point-operator networks.
What the NBFC licence changes
An NBFC structure gives Astranova a dedicated platform for building lending products around commercial EVs. The relevant risk is not limited to a borrower’s conventional credit history: vehicle utilisation, revenue generation, operating performance and the asset’s condition can also affect repayment capacity and residual value.
Rank #2
- 【IP68 Waterproof Multifunctinal Smart Watch】Torjalph fitness activity tracker smart watch is IP68 waterproof technology ,you can wear it when swimming,handwashing,it's rain-proof which means that you perform multiple exercise modes outside without worrying about sweat or rain corroding your fitness smart watch,and this watch equipped with a 230 mAh large capacity battery magnetic charging ,and this sports activity tracker watch can be used 5-7 days If fully charged.
- 【Larger 1.83'' Full Screen Watch & Multi-dial Selection】1.83 inch full HD color touch screen smart watch for men / women provides excellent 240*284 resolution image quality ,This Bluetooth smart watch offers a better touch experience and remarkable immersion and ,more than 200 watch faces for you to choose from App"Da Fit ", you can change the dial style according to your mood to wear keeping the world on your wrist
- 【Accurate Activity Tracker Smart Watch 】sports watch activity tracker uses sweat and dust resistant breathable silicone strap, our Fitness Tracker Smart Watch for Android iOS Phones supports 12 sports modes,walking,running,bicycle,swimming,badminton,basketball,football,rope skipping. This bluetooth calls smart watch for men women is lightweight and stylish, bringing more convenient and relaxing sports experience while also providing more protection.
- 【Your 24 Hour Personal Daily Health Monitor】Fitness watch for women men full touch screen IP67 waterproof bluetooth smartwatch for Android iOS Phones with heart rate blood pressure monitor multifunction Andriod smart watch with steps counter sleep monitor sports fitness watch, monitoring blood oxygen saturation allows you to understand your physical condition in real time to track fitness progress ,to know your health status in time.
- 【More Functions Bluetooth Call Smart Watch】This fitness activity smart watch full screen for iPhone and Android phones includes a bunch of new features including:The bluetooth smart watch can hang up the phone, receive and display WhatsAPP /Text /Facebook /Twitter /Messenger reminder.Support sedentary reminder, alarm clock, stopwatch, timer,weather information,music control, remote camera control compatible with Android 5.0 and above or iOS 9.0 and above smartphones.
That approach is particularly relevant for commercial operators whose income depends on keeping an electric two-wheeler, three-wheeler, light commercial vehicle or passenger car in service. Astranova’s launch messaging focuses on commercial-vehicle electrification and operators such as gig workers and three-wheeler and four-wheeler businesses.
Founder and CEO Kunal Mundra said: “The NBFC licence allows us to build on our 5+ years of experience financing and managing EV assets and takes that capability to the next level.”
Rank #3
- [Low Noise High Fidelity] New bee guitar cord with 22AWG oxygen-free-copper center conductors provides enhanced signal transfer, the PVC insulation material and the high-density stranded copper double shield provide noise rejection for quiet operation
- [Ideal for Choice] New bee 1/4 straight and right angle metal connectors, ensures a secure connection in any instrument, pedal, or amp jack. L shape great fro on stage guitar stands
- [Wide Compatible] Suitable for mixer, power amplifier, microphone, effector, decoder, equalizer, electoronic organ, electric guitar, electric bass and other electronic equipments. Widely used in the installation of smart home, karaoke speaker, professional stage audio, etc
- [Easy Disassemble] Making incidental repairs quick and easy! Very nice, flexible cable
- [Dont Hesite to Order] 24 hours customer services and professional technology team are standing by
How Astranova says it will finance electric vehicles
- Select the operating asset: The platform can work with an electric vehicle, battery or charging-related asset used in a commercial operation.
- Structure the arrangement: Financing may be paired with an operating lease and tailored to the customer’s use of the asset.
- Assess operating economics: Vehicle usage, revenue generation and operational data can complement the borrower’s credit information.
- Support the asset during its life: Maintenance, refurbishment and technology services are part of Astranova’s stated ecosystem.
- Redeploy or manage the asset: Refurbished vehicles can be redeployed, while energy partnerships support charging or swapping requirements.
This describes the company’s intended platform model; individual loan terms, pricing, eligibility rules and geographic coverage have not been disclosed in the available statements.
What EV assets and fleets are covered?
| Asset class | How it appears in Astranova’s model |
|---|---|
| Electric two-wheelers | Commercial mobility and gig-work vehicles that can be financed or leased. |
| Electric three-wheelers | Commercial passenger or goods vehicles supported by operating and maintenance services. |
| Electric light commercial vehicles | Fleet assets whose utilisation and revenue performance can inform underwriting. |
| Electric passenger cars | Passenger EVs included among the company’s listed asset classes. |
| Charging infrastructure | Energy-related equipment connected to partner charge-point networks. |
| Batteries | Battery assets supported through partner swapping and energy networks. |
Astranova’s disclosed operating base
Astranova’s official website reports the following figures. They are company-reported and not independently audited metrics.
Rank #4
- Digital Family Calendar: BSIMB digital calendar wall touch screen puts an end to your chaotic life. Designed for busy families, the digital calendar keeps you organised and in step with your family. Assign different colours and tasks to each family member to make family scheduling easier and more intuitive.
- Easy Setup and Auto-Sync: Plug in, connect to WLAN and auto-syn your electric calendar in minutes. Digital wall calendar compatible with Google calendar, iCloud calendar, Outlook calendar, Cozi calendar and Yahoo calendar. Add events directly on the device or through the ecalendar app. Electronic calendar stays current whether you're at work or traveling—no manual updates needed.
- All-In-One Home Assistant: Smart calendar builds habits and encourage independence with personalised chores. Display daily meal plan to reduce the daily ‘What's for dinner?’ stress. To-do lists keep track of everything you want. Turning chores into valuable achievements with stars and rewards, making life easier and more enjoyable.
- Manage Anytime Anywhere: BSIMB electronic calendar for family stay connected with the powerful ecalendar app. Access and manage your digital wall calendar anytime, anywhere with free features like stars & rewards, photo screensaver, chore charts, meals plans, to-do lists etc. Electronic planner paid features like Magic Import tailor advanced tools for users with special needs.
- Stay in Touch with Loved Ones: Share photos or videos from your phone to electronic wall calendar with app, instantly update your life moment, and keep in touch with your family, especially those who are far away; you can also surprise your smart calendar digital wall by sending him a wish card; it's also great for keeping tech-illiterate elders in touch with the youngsters.
| Measure | Published figure | Status |
|---|---|---|
| Assets deployed | 25,000+ | Company-reported cumulative figure |
| Assets under management | ₹350 crore+ | Company-reported current AUM |
| Fleets transformed | 60+ | Company-reported figure |
| Finance partners | 10+ | Company-reported count |
Can NovaFusion reach ₹5,000 crore AUM in five years?
₹5,000 crore is a forward-looking management objective, not achieved AUM and not a target validated by the RBI. Against the company’s stated ₹350 crore-plus AUM, reaching the goal would require a substantial expansion in originations and retained or managed assets over the five-year period.
Recommended Free Tools
Progress will depend on several practical factors:
- Funding capacity: The reported ₹200 crore initial deployment capital is a starting pool, not the full amount needed to support a ₹5,000 crore book.
- Underwriting quality: EV utilisation, operator cash flow, battery condition and resale values must be measured consistently enough to control defaults and losses.
- Fleet operations: Maintenance, uptime, refurbishment and redeployment can affect both customer income and asset recovery values.
- Distribution: Expanding beyond existing fleets and finance partners will be necessary to originate enough commercial EV business.
- Regulatory execution: The exact NBFC category and registration details need confirmation, along with the operating permissions that apply to the subsidiary.
These are the execution conditions behind the ambition; the announcement does not establish that the target will be achieved.
What remains to be verified
- The RBI registration number for NovaFusion Capital.
- The subsidiary’s specific NBFC category and any associated operating restrictions.
- Whether the ₹200 crore deployment capital has been fully committed, and how it will be funded or recycled.
- Product-level details such as interest rates, lease terms, borrower eligibility, defaults and geographic reach.
- Independent verification of the website’s assets, AUM, fleet and partner figures.
Bottom line
NovaFusion Capital’s reported NBFC approval gives Astranova Mobility a formal lending vehicle for its commercial-EV ecosystem. The company combines financing and leasing with maintenance, data, refurbishment, redeployment and energy partnerships, and is aiming for ₹5,000 crore in AUM within five years. That figure remains an unproven company objective until the subsidiary’s RBI registration and subsequent lending performance can be independently confirmed.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
