New fund · Climate, Energy & Sustainability

Transition VC raises ₹723 crore fund for energy startups

What they do

Transition VC is a venture capital fund focused on energy transition and hardware-led businesses

It raised a ₹723 crore (~$80 million) fund, exceeding its initial target of ₹400 crore

Nearly 40% of future investments may involve AI in energy infrastructure and computing

Transition VC raised a ₹723 crore (~$80 million) fund, exceeding its initial target of ₹400 crore.
The fund is dedicated entirely to energy transition and invests in hardware-led, IP-driven businesses.
It invests at the post-product but pre-product-market fit stage, prioritizing strong technology moats.
Key investment areas include industrial decarbonization, hydrogen economy, alternative fuels, and energy storage.
It also focuses on smart infrastructure like meters and data systems, and data centers.
Nearly 40% of future investments could involve AI in foundational energy infrastructure and large-scale computing.
Transition VC provides strategic guidance, industry network access, and go-to-market support to portfolio companies.

The fund was prompted by early personal investments in climate startups after observing Ather Energy's success in hardware-led innovation in India.
Raiyaan Shingati believes climate solutions must be economically viable to scale.
Transition VC sticks to its core expertise in energy and infrastructure and works with other specialized investors for areas like carbon markets.

Transition VC is a venture capital fund dedicated entirely to energy transition.
It invests in hardware-led, IP-driven businesses critical to India's energy independence.
The fund uses a top-down, thesis-driven model, mapping 42 white spaces in 2022.
It invests at post-product but pre-product-market fit stage, prioritizing strong technology moats.
Key investment areas: industrial decarbonization, hydrogen economy, alternative fuels, energy storage, and smart infrastructure.
Portfolio company FitSoL helps manufacturers reduce carbon emissions and cut costs, reaching ~₹60 crore revenue.