About Starya
Starya is a company based in Bengaluru (India) founded in 2018 by Mallikarjuna N, Ravi Kumar Jagannath, and Sachin Anchan. Starya has raised $2.72 million across 3 funding rounds from investors including EXEDY, Open Quiver and Nine Spar Partner. The company has 16 employees as of April 10, 2024. Starya offers products and services including EPK 1.0 and Starya App. Starya operates in a competitive market with competitors including talet-e, GOGO, BlueWing Motors, Morph Electric and Evrex Automotive, among others.
- Headquarter Bengaluru, India
- Employees 16 as on 10 Apr, 2024
- Founders Mallikarjuna N, Ravi Kumar Jagannath, Sachin Anchan
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Starya Mobility Private Limited
- Date of Incorporation 17 Jul, 2018
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$28.59 K (USD)1088.73as on Mar 31, 2023
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Net Profit
-$164.46 K (USD)-14302.5as on Mar 31, 2023
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EBITDA
-$118.71 K (USD)-11441.05as on Mar 31, 2023
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Total Equity Funding
$2.72 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Seed
May 31, 2023
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Investors
EXEDY
& 66 more
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Employee Count
16
as on Apr 10, 2024
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Products & Services of Starya
Starya offers a comprehensive portfolio of products and services, including EPK 1.0 and Starya App.
Kit converts petrol scooters to electric with PMS motor and controller.
App monitors battery status and vehicle metrics for maintenance.
Funding Insights of Starya
Starya has successfully raised a total of $2.72M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $2.0M
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First Round
First Round
(02 Apr 2021)
- Investors Count 67
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - Starya | Valuation | EXEDY | |
| Jan, 2022 | Amount | Seed - Starya | Valuation | ah! Ventures , Bharath Kanthanahllisheshagiri Rao | |
| Apr, 2021 | Amount | Seed - Starya | Valuation | Bilan Insurance Advisors And Consultants |
Investors in Starya
Starya has secured backing from 67 investors, including institutional and angel investors. Prominent investors backing the company include EXEDY, Open Quiver and Nine Spar Partner.
| Investor | Description | Founded Year | Domain | Location |
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Fundraising is enabled for startups through an investor connection platform.
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Founded Year | Domain | Location | |
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Clutches and torque converters are manufactured and supplied to OEMs.
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Founded Year | Domain | Location | |
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Operates as a life insurance provider and pension fund, offering financial security solutions.
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Founded Year | Domain | Location |
Investments & Acquisitions by Starya
Financial Statements - Starya
Starya Comparisons
Competitors of Starya
Starya operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as talet-e, GOGO, BlueWing Motors, Morph Electric and Evrex Automotive, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Electric conversion kits for scooters are supplied by the company.
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| domain | founded_year | HQ Location |
Provider of electric conversion kits for motorcycles
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| domain | founded_year | HQ Location |
Provides electric motorcycle conversions to reduce emissions and promote ESG compliance.
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| domain | founded_year | HQ Location |
Electric conversion kits for two-wheelers are provided.
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| domain | founded_year | HQ Location |
Manufactures electric bikes and provides modification, maintenance, and custom services.
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Frequently Asked Questions about Starya
Starya was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Starya is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ravi Kumar Jagannath is the current CEO of Starya. They have also founded this company.
Starya is a funded company, having raised a total of $2.72M across 3 funding rounds to date. The company's 1st funding round was a Seed of $286.13K, raised on Apr 02, 2021.
As of Apr 10, 2024, the latest employee count at Starya is 16.
Annual revenue of Starya is $28.59K as on Mar 31, 2023.
Manufacturer of electric conversion kits for petrol scooters. These kits allow for the retrofitting of existing petrol scooters into electric vehicles. The kits include a PMS motor, a motor controller, and lithium-ion battery packs. A companion app provides monitoring and maintenance capabilities. The company offers warranties on the motor, controller, battery, and transmission belt. The conversion process aims to provide a more affordable entry point into electric vehicle ownership while reducing depreciation compared to purchasing a new electric scooter.
Starya's top competitors include GOGO, talet-e and Morph Electric.
Starya offers EPK 1.0 and Starya App.
Starya has 67 investors. Key investors include EXEDY, Open Quiver, Nine Spar Partner, ah! Ventures, and ADELAAR CONSULTING.
The valuation of Starya is $12.97M as of May 2023.