Early-stage venture investor Transition VC on Wednesday announced the final close of its debut fund at nearly $77 million (Rs 700 crore), surpassing its initial target of Rs 400 crore.
The fund drew commitments from a diverse base of limited partners, institutional investors, corporates, family offices, strategic partners, and industry leaders.
Founded by Raiyaan Shingati and Mohammed Shoeb Ali, Transition VC invests in engineering-focused companies that are building infrastructure for the country’s energy transition. Its investments span electrification, energy storage, industrial decarbonisation, alternative fuels, and next-generation manufacturing.
To date, Transition VC claims to have supported 17 startups through Fund I, targeting a final
portfolio of up to 25 companies. Investments include CIMware, Comminent, Matel, EMO, Hydgen, Dynolt, and Promethean.
Shoeb Ali, Co-Founder and Managing Partner of Transition VC, said, “Our portfolio’s early performance makes one thing clear: India’s future energy champions are being built right now. They are converting pilots to large orders, scaling production, and creating enterprise value far ahead of typical early-stage expectations.”
