Transition VC

Transition VC is India's first energy-transition-focused venture capital fund, established in 2022 and headquartered in Bengaluru. The firm backs engineering-led, early-stage companies building the technologies that will power, move, build and secure India's next energy era, spanning new energy, e-mobility, green hydrogen, energy storage, net-zero energy buildings, industrial decarbonisation and alternate fuels. It invests primarily at the seed and Series A stages, with seed rounds averaging roughly $2.6 million and early Series A activity around $4 million, and it frequently leads rounds; for example, Managing Partner Mohammed Shoeb Ali led a $5 million investment in green-hydrogen company HYDGEN. In December 2025 the firm announced the final close of its oversubscribed debut fund at INR 700 crore, approximately $77 million, substantially exceeding its initial INR 400 crore target. Through Fund I, Transition VC has supported around 17 startups and is targeting a final portfolio of up to 25 companies; notable investments include CIMware, Comminent, Matel, EMO, HYDGEN, Dynolt and Promethean. The portfolio has shown early traction, with several companies approaching $8 to 10 million in revenue, multiple reaching EBITDA positivity, and additional uprounds and Series A-plus term sheets emerging. The fund was founded by a group including Raiyaan Shingati, Mohammed Shoeb Ali, Mustafa Wajid, Naresh V Narasimhan, Tejas Goenka, Saif Qureishi and Rajesh Doshi. By dedicating a fund exclusively to the energy transition and backing engineering-led founders, Transition VC supports the technologies decarbonising India's energy, mobility and industry.