Energy transition-focused fund Transition VC closes its debut fund at ₹700 cr
1 min readEnergy-focused venture capital firm Transition VC has finalized its inaugural fund at ₹700 crore ($77 million), surpassing its initial ₹400 crore target.
The fund received backing from institutional investors, corporate entities, family offices, strategic partners, and industry veterans. Transition VC has already allocated capital from Fund I to 17 startups, aiming for a final portfolio of 25 companies. Key investments include CIMware, Comminent, Matel, EMO, Hydgen, Dynolt, and Promethean.
Over 50% of the fund’s capital has been committed, with the firm actively seeking to deploy the remainder into high-potential ventures driving energy transition innovation.
Shoeb Ali, Co-Founder and Managing Partner of Transition VC, stated: “Our focus remains on identifying founders whose engineering-driven solutions can scale across India and the Global South, demonstrating that climate-focused companies deliver strong long-term returns.”
The firm is already preparing its next investment vehicle, having garnered substantial early commitments for Fund 2.
Published on December 10, 2025
