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 Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..