Transition VC has closed its maiden fund at Rs 700 crore, surpassing its original Rs 400 crore target. The final close brings together a diverse community of institutional investors, corporates, family offices, strategic partners and senior industry leaders backing the firm’s energy-transition thesis, as per media reports.
According to the firm, this LP network gives Transition VC strategic depth improving thesis development, sharpening early trend identification and strengthening access to high-quality deal flow. For founders, the network acts as a commercial accelerator by converting pilots into purchase orders, easing market entry and enabling access to domestic and global customers.
Transition VC will invest at the post-product, pre-PMF stage, with a deliberate approach to constructing a complementary rather than competitive portfolio. The firm aims to enable startups to share insights, supply chains and talent, building a collaborative ecosystem across the energy-transition stack.
So far, the fund has supported 17 startups and plans to build a final portfolio of up to 25 companies. Its existing investments include CIMware, Comminent, Matel, EMO, Hydgen, Dynolt and Promethean. More than half the fund has already been committed, and Transition VC intends to deploy the remaining capital into high-conviction founders building solutions across electrification, energy storage, industrial decarbonisation, alternate fuels and next-generation manufacturing.
Co-founded by Raiyaan Shingati and Mohammed Shoeb Al, Transition VC positions itself as an energy-transition-focused venture capital firm deploying early, catalytic capital into engineering-led companies shaping the future of energy in India.
