Debut Fund Overshoots Target Amid Strong LP Backing
Energy-transition-focused investor Transition VC has closed its debut fund at Rs 700 crore ($77 million), significantly exceeding its original target of Rs 400 crore. The fund has attracted commitments from institutional investors, corporates, family offices, strategic partners, and sector leaders, reflecting growing interest in India’s deeptech and energy-transition ecosystem.
LP Network Positioned as Strategic Accelerator
Transition VC said its LP community provides a competitive advantage by sharpening thesis development, helping identify emerging technology trends earlier, and enhancing deal flow quality. For founders, the fund’s LP network acts as a commercial accelerator, helping convert pilots into purchase orders, unlocking domestic and global markets, and influencing adoption pathways for energy-transition technologies.
Investment Strategy: Post-Product, Pre-PMF
The fund plans to invest at the post-product, pre–product-market-fit stage, while constructing a complementary portfolio that avoids internal competition. This enables founders across the portfolio to share insights, talent pools, and supply-chain efficiencies, creating compounding benefits across sectors such as electrification, industrial decarbonisation, and advanced manufacturing.
Portfolio Strength and Deployment Progress
Transition VC has already backed 17 startups, with plans to expand the final Fund I portfolio to up to 25 companies. Its investments include CIMware, Comminent, Matel, EMO, Hydgen, Dynolt, and Promethean. The firm said more than half of the fund has been committed, and it aims to deploy the remaining capital into high-conviction founders building across the energy-transition spectrum.
Founders and Mission
Co-founded by Raiyaan Shingati and Mohammed Shoeb Al, Transition VC focuses on catalysing India’s shift toward sustainable energy by backing engineering-led companies innovating in energy storage, electrification, alternate fuels, decarbonisation technologies, and next-gen manufacturing.
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