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
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
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
07
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.

08
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

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

$54B Market by 2030
🛸

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

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

$260B Market by 2030
✈️

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.

09
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)
10
Financial Projections

Growth Trajectory

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

MetricFY 2027–28FY 2028–29FY 2029–30
Revenue₹33 Cr₹50.41 Cr +53%₹95.56 Cr +90%
Net Profit₹1.37 Cr₹3.24 Cr +137%₹10.53 Cr +225%
Net Margin4.2%6.4%11.0%
FY 2027-28
13.4K units
Powertrain Units Sold
FY 2028-29
20.4K units
Powertrain Units Sold
FY 2029-30
43K 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.

₹25 Cr
Series A Raise
🔬
35%
R&D & Product
Development
🏭
30%
Manufacturing
Scale-Up
📈
20%
Market Expansion
& Sales
👥
15%
Team Expansion
& Operations
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