Team StartupCity

• Transition VC closes Fund I at Rs 700 crore, surpassing its Rs 400 crore target
• Fund backed by strong LP network of institutions, corporates, and industry leaders
• VC has invested in 17 startups and plans a portfolio of up to 25 companies

Transition VC has closed its first fund at Rs 700 crore, significantly exceeding its initial goal of Rs 400 crore. The energy-transition-focused venture capital firm said the fund drew support from institutional investors, corporates, family offices, strategic partners, and senior industry leaders.

According to the firm, this diverse LP network strengthens its investment thesis, helps it spot emerging opportunities early, and improves deal flow. For founders, the LP community acts as a commercial accelerator by helping pilot projects turn into real purchase orders and opening access to markets in India and abroad.

Transition VC plans to invest in startups at the post-product, pre-product-market-fit stage. The firm’s strategy focuses on building a complementary portfolio, enabling founders to share learnings, supply chains, and talent across companies. This collaborative structure, the firm says, creates stronger execution and faster innovation in the energy transition space.

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So far, the fund has supported 17 startups and aims to back up to 25 companies in total. Its portfolio includes CIMware, Comminent, Matel, EMO, Hydgen, Dynolt, and Promethean. With over half of the fund already deployed, Transition VC is looking to invest the remaining capital in high-conviction founders working on electrification, energy storage, industrial decarbonization, alternate fuels, and next-generation manufacturing.

Transition VC was Co-founded by Raiyaan Shingati and Mohammed Shoeb Al. The firm positions itself as an early-stage investor offering catalytic capital to engineering-led companies building the infrastructure powering India's shift to cleaner energy.