shveta = white (cf. Russian 'svetlyi')

ashvatara = mule; literally (comparative of a *substantive*!) 'better (-tara) 
horse (ashva)'

shvetaashvatara,  a bahuvriihi compound: (having) white mule(s). QED! 

zvetAzvatara    m. `" having white mules "'N. of a teacher S3vetUp. ; pl.his 
school TA1r. Sch. ; 

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