US$10M raise for India’s First Energy Focused VC Fund

COMPANY OVERVIEW

Background: Founded in 2022, the fund is India’s First Energy Transition Focused VC Fund. They are currently in the process of is raising capital for its US$50M fund and have thus far raised about US$30M from a mix of HNIs, Family offices and investors from the sector.

Investment Strategy: The fund is presently invested in several Battery Tech for Mobility & Energy Storage companies and is on a mission to offset 40 Million tons of CO2 emissions. The fund distinguishes itself through a dedicated focus on seed-stage engineering startups that proactively mitigate carbon emissions. As venture capitalists specializing in DeepTech, they prioritize innovation and sustainable solutions.
• The fund aims to invest about US$0.5M – US$1.5M in 25-30 startups in the Energy Transition domain. The company targets to acquire around 10-25% stake in the startups they invest in.

Management Team: The management team has over 10-15 years of experience across energy projects, and the IC has 30+ years of experience, and have built and sold businesses in this space.

USE OF FUNDS

Fund raised will go towards the overall target fund size of US$50M which would them be deployed towards investments in the energy transition domain. The minimum ticket size per investor is US$1M

POTENTIAL IMPACT

The fund aims to offset 40 million tons of CO2 emissions through their investments in the space. The funds aims to invest in 20-25 startups in the Energy Transition domain.