Transition VC launches maiden fund with Rs 2 bn corpus

28 Nov 2022 CW Team

Transition VC, a Bengaluru-based energy transition-focused venture capital fund, has launched its maiden fund with a target corpus of Rs 4 billion, which also includes a greenshoe option of Rs 2 billion.

“A top-down thesis-driven fund, Transition VC will make seed investments in start-ups across sectors undergoing transition such as e-mobility, green hydrogen, energy storage, and net-zero journey in buildings and climate tech,” said a press release.

It added that the fund is looking to support up to 40 early-stage start-ups over the next three years with ticket sizes ranging from $500,000 to $1 million.

Transition VC recently received approval from the Securities and exchange Board of India (SEBI), and is eyeing to mark the first close of the fund by the end of this calendar year.

“To support start-up teams at a pivotal juncture in their entrepreneurial journey, we will deploy a unique combination of capital and competencies at seed stages and help them scale up meaningfully,” said Mustafa Wajid, general partner, Transition VC.

According to the press release, the company’s maiden fund is seeing interest from Indian as well as global high net worth individuals (HNIs), family offices, and corporates specialising in strategic investments.

“We are optimistic and see an opportunity of more than 12 unicorns coming from India in this decade just in the energy transition and climate-tech space,” said Shoeb Ali, co-founder and managing partner of Transition VC.

In addition to investments in Indian start-ups, the fund will also allocate 25% of the fund value for global start-ups.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..