Series A — Pitch Deck 2026

Powering the Rare-Earth Free EV Revolution

We design & manufacture next-generation EV powertrains — eliminating rare-earth dependency with proprietary encoder-less motor technology.

GL
Gowrav L — CTO
RK
Ravi Kumar J — CEO
BR
Bharat Rao K S — CFO
Bengaluru Dev Summit Winner 2020
Altair Startup Challenge Winner 2020
Starya Powertrain
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02

About Starya & Our Journey

From seed-funded deep-tech startup to pre-Series A — delivering real EV powertrains to real customers.

2018 FUNDING
Seed Funding — ₹50 Lakhs
Founded Starya Mobility to build rare-earth-free EV powertrains
2019
PMSM Motor Developed
In-house permanent magnet synchronous motor designed & prototyped
2020
PMSM Controller Developed
Custom motor controller built for EV traction applications
2021 FUNDING
Angel Round — ₹2.2 Cr
Investment from Ah! Venture to scale motor development
2022
ARAI Approval
PMSM motor & controller receive ARAI certification
2022 FUNDING
Angel Round — ₹1.6 Cr
Follow-on investment from Ah! Venture
2023 PARTNERSHIP
Collaboration with EXEDY, Japan
Strategic partnership with global drivetrain manufacturer
2023 FUNDING
Pre-Series A — ₹16 Cr ($2M)
Strategic investment by EXEDY to accelerate commercialisation
2024 PRODUCT
RTO Approved Retrofit EV Scooter
Launched India's first RTO-approved EV retrofit scooter kit
2024
SPMSM Firmware Developed
Advanced surface-mount PMSM firmware for next-gen controllers
2025 PRODUCT
3W EV Powertrain Commercialised
PMSM-based 3-wheeler powertrain in commercial production
2025
SynRM Motor & Firmware Dev
Development of rare-earth-free PMaSynRM motor & encoder-less firmware
2025 MILESTONE
600+ EV Retrofit Scooters Delivered
Proven market demand and commercial viability at scale
₹20.2Cr
Total Funding Raised
600+
Retrofit EV Scooters Delivered
200+
3W Powertrain Units Shipped
7yrs
Deep-Tech R&D
3
Patents Filed
ARAI & RTO
Certified & Approved
03
The Problem

The Rare-Earth Crisis

The global EV motor industry is dangerously dependent on rare-earth materials — creating geopolitical risk, supply volatility, and skyrocketing costs.

🌍

Rare Earth Dependency

Geopolitical risk, extreme supply volatility, and unpredictable costs make rare-earth-based PMSM motors a ticking time bomb for the EV industry's growth trajectory.

⚙️

No Viable Alternatives — Until Now

Existing rare-earth-free solutions require expensive encoders, suffer reliability issues, and depend on complex field-weakening firmware — making commercial adoption impractical at scale.

Rare-Earth Price Volatility
300%
Price surge in neodymium over 5 years — a single-source dependency threatening the entire EV supply chain
China's Processing Monopoly
90%
Of global rare-earth processing controlled by one nation — existential supply risk for every EV manufacturer
⚠️

Industry-Wide Vulnerability

Every major EV manufacturer is actively seeking rare-earth-free motor solutions. The market is ready for disruption.

04
Market Opportunity

A ₹50,000 Cr Opportunity

Massive market spanning EV scooters, traction motors, pumps, and industrial applications. Global market 10× larger.

TAM
₹50KCr
Total Addressable Market
250M EV scooters projected in India — the full potential of rare-earth-free motor replacement across all segments.
SAM
₹5KCr
Serviceable Available Market
Conventional PMSM motors in EV traction, pumps, and industrial motor segments directly addressable by Starya's technology.
SOM
₹250Cr/yr
Serviceable Obtainable Market
Conservative 5% penetration of SAM. Global market opportunity is 10× higher than India alone.
05
Our Solution

Encoder-less, Rare-Earth Free Technology

Proprietary firmware & HFI algorithm that makes rare-earth-free motors commercially viable for the first time in EV traction.

🧠

Proprietary Filter-Fusion Firmware

Custom HFI (High-Frequency Injection) algorithm for precise rotor position detection — no encoder required.

💰

35% Cost Reduction vs PMSM

Eliminates expensive rare-earth magnets and encoders, dramatically cutting BOM cost.

🚀

Zero-Speed Startup Capability

Special HFI filters enable smooth startup from standstill — a critical challenge in encoder-less systems.

🏭

First Commercial EV Traction Application

World's first commercialisation of encoder-less PMaSynRM technology for EV traction use-cases.

SynRM MotorSynRM Motor SynRM MotorSynRM Motor
Core IP

Proprietary Filter-Fusion Technology

Our novel dual-filter architecture enables precise encoder-less rotor position estimation across the full speed range — from zero-speed startup to high-speed operation.

Filter-Fusion Technology Architecture — Dual filter system for encoder-less motor control
Field Validation

Real-World Field Trials

Starya's powertrain technology validated in live operational environments — proving performance, reliability, and commercial readiness.

3W Vehicle Field Trial with Starya Powertrain

Starya powertrain integrated on 3-wheeler chassis

🔧

3-Wheeler Powertrain Trial

Complete EV propulsion system deployed and tested on commercial 3-wheeler platforms under real operating conditions.

📊

TRL 6 — Operational Validation

Technology validated in representative operational environment. Next: pilot testing → pilot production → type approval.

06
Product Portfolio

Our Product Portfolio

Electric Propulsion Kit
Electric Propulsion Kit
PMSM Motor
PMSM Motor
PMSM Powertrain
PMSM Powertrain
PMaSynRM Motor
PMaSynRM Motor
PMaSynRM Powertrain
PMaSynRM Powertrain
07
Strategic Partnership

EXEDY Japan Partnership

Strategic collaboration with a global automotive drivetrain giant — accelerating market access, manufacturing scale, and investment.

💴

Investment Support

EXEDY backing with strategic capital & board seats — Prashanth Devendra & Kazunori Kusamizu as Directors

🏭

Manufacturing Scale

Access to EXEDY's world-class precision manufacturing and automotive-grade production capabilities

🤝

OEM Access

Direct channel to EXEDY's global OEM network — major automotive manufacturers worldwide

📈

Market Penetration

Joint go-to-market leveraging EXEDY's brand trust and distribution in Asia and beyond

EXEDY
EXEDY Corporation
$2B Revenue · FY 2025

Global automotive drivetrain manufacturer headquartered in Japan, specialising in manual & automatic transmission systems, torque converters, clutches, and hybrid powertrain components. Supplies major OEMs worldwide with strong capabilities in precision manufacturing, drivetrain integration, and large-scale automotive production.

🇯🇵 Japan HQ🌍 Global OEM Supplier ⚙️ Precision Mfg🔧 Drivetrain Expert
Starya x EXEDY Team
08
Traction & Validation

Proven Demand & Momentum

📝

3 Joint Developments with EXEDY

2 JDs for PMSM motor firmware + 1 JD for PMaSynRM firmware — deep technical partnership validated.

🏭

Major 3W Powertrain Interest

Strong interest from major 3W powertrain suppliers — initial talks with Virya already underway.

🇯🇵

Japanese Partners Engaged

Multiple Japanese automotive partners showing active interest in Starya's rare-earth-free technology.

🎯

LOI for 10,000 Units

Letter of Intent guaranteed for 10,000 units upon performance validation — significant committed demand.

🔋

Honda Energy Partnership

Collaboration with Honda Energy for swappable battery ecosystem integration — plug-and-play adoption.

🛵

600+ Retrofit Scooters Delivered

RTO-approved, ARAI-certified retrofit kits in market — technology & commercial viability proven at scale.

09
Beyond EVs

Powering the Future of Mobility

The next wave of mobility innovation demands ultra-efficient, lightweight, rare-earth-free motors. Starya's technology is built for this future.

Drones

Drones

High power-to-weight ratio motors for commercial & industrial drone applications — delivery, agriculture, surveillance, and mapping.

$54B Market by 2030
Drone Taxi

Drone Taxis (eVTOL)

Urban air mobility demands lightweight, efficient propulsion. Starya's encoder-less tech is ideal for multi-rotor eVTOL platforms.

$1.5T Opportunity by 2040
Robotics

Robotics

Next-gen humanoid & industrial robots need compact, precise, cost-effective motors — a natural fit for PMaSynRM technology.

$260B Market by 2030
Electric Plane

Electric Aircraft

The emerging electric aviation market requires rare-earth-free motors that are lighter, cheaper, and supply-chain resilient.

$124B Market by 2035
PMaSynRM Motor

One Core Technology, Infinite Applications

Starya's PMaSynRM platform is engineered to scale across every motor-driven industry — from last-mile delivery drones to intercity electric aircraft. One breakthrough, limitless markets.

10
Business Model

How We Make Money

🎯 Target Customers

🛵
EV OEMs — 2-Wheeler & 3-Wheeler Manufacturers
🏭
Industrial Motor Manufacturers
🤖
Automation & Robotics Companies

💰 Revenue Streams

📦
Direct Hardware Sales — Motor + Controller + Firmware
🔗
System Bundling — Complete powertrain packages for OEMs
📄
IP Licensing — Firmware & algorithm licensing globally
Conventional PMSM System
₹15K–20K
Per unit (full system with rare-earth)
35% Cheaper
Starya PMaSynRM System
₹9K–14K
Per unit (rare-earth free, encoder-less)
11
Financial Projections

Growth Trajectory

Aggressive but achievable growth backed by committed demand pipeline and EXEDY partnership.

MetricFY 2027–28FY 2028–29FY 2029–30
Revenue₹96 Cr₹200 Cr +108%₹300 Cr +50%
Net Profit₹10.56 Cr₹23 Cr +118%₹36 Cr +57%
Net Margin11.0%11.5%12.0%
FY 2027-28
45K units
Powertrain Units Sold
FY 2028-29
90K units
Powertrain Units Sold
FY 2029-30
135K units
Powertrain Units Sold
12
Leadership

The Team Behind Starya

Ravi Kumar J
Ravi Kumar J
CEO
20+ years motor design & firmware development
Gowrav L
Gowrav L
CTO
M.Tech · FOC & firmware architecture expert
Bharat Rao K S
Bharat Rao K S
CFO
CA · 20+ years finance & audit
Prashanth Devendra
Prashanth Devendra
Director · EXEDY
Strategic automotive industry representative
Kazunori Kusamizu
Kazunori Kusamizu
Director · EXEDY
Japanese partnership & global expansion
Factory Inside
15K sqft
Manufacturing Facility · Bengaluru
Factory Outside
25+ Team
Engineers, Technicians & Operations
13
The Ask

Series A Fund Raise

We're raising Series A to scale PMaSynRM commercialisation, expand manufacturing, and capture the rare-earth-free EV motor market.

₹50 Cr
Series A Raise
🔬
20%
R & D
🏭
45%
Plant &
Machines
📈
20%
Marketing
⚙️
15%
Operations
14
Fund Utilization

How We Deploy Capital

Phased deployment of ₹50 Cr across R&D, manufacturing, marketing, and operations over two years.

CategoryFY 2027–28FY 2028–29FY 2029–30
R & D8.751.25
Plant & Machines7.5015.00
Marketing5.005.00
Operations3.753.75
Total25.0025.00
Grand Total Fund Utilization: ₹50 Cr
Starya

Let's Build the Future Together

Starya is ready to power the rare-earth-free EV revolution. Join us on this journey.

🌐
Website
www.starya.in
📧
Email
support@starya.in
📞
Phone
+91-9743784016
📍
Location
Bengaluru, India
Starya Mobility Private Limited
CIN: U31909KA2018PTC114830 · DOI: 17 July 2018