Transition Venture Capital
Transition Venture Capital is India's first energy-transition focused venture capital fund that provides catalytic early-stage capital to engineering-led companies building technologies for India's energy future, spanning storage, mobility, industrial decarbonization, and alternate fuels.
- Company typePrivate
- Founded2023
- HeadquartersBengaluru, India
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Transition Venture Capital does
Transition Venture Capital (Transition VC) is India's first energy-transition focused venture capital fund, headquartered in Bengaluru and founded to back engineering-led early-stage companies building technologies for India's energy future. The firm invests across storage, mobility, industrial decarbonization, and alternate fuels — a horizontal thesis that cuts across batteries (Emo Energy), green hydrogen (Hydgen, Protonas), EV and power electronics (Matel Motion, Dynolt), grid and connectivity software (WorkOnGrid, Comminent), carbon and ESG analytics (Fitsol, GreenFi), wind operations and maintenance (GreenTech MW), industrial heat recovery (Promethean Energy), data center infrastructure (CIMWare), drone avionics (ZeroDrag), carbon capture (Intrinsic Foundaries), thermal substrates (Helionis Labs), and regenerative agriculture carbon projects (Prithu). The fund explicitly designs its portfolio so each company occupies a distinct technical wedge, avoiding overlap and creating intra-portfolio network effects through shared suppliers, engineering feedback, and enterprise access.
The firm's core economic model follows traditional venture capital mechanics: management fees (typically 2% annually on committed capital) during the fund's investment period, plus carried interest (typically 20%) on returns above a hurdle to Limited Partners. The debut fund closed at Rs 700 crore (~$84-85 million), with Limited Partners including Kerala Startup Mission (INR 15 crore). The firm reports 17+ portfolio companies at pre-seed through Series A stages, with recent co-investment alongside tier-one institutional investors such as Andreessen Horowitz, Hitachi Ventures, imec.xpand, Construct Capital, and Indian Angel Network.
Geographic focus is India-centric, but portfolio companies have an international footprint spanning the United States (Transition Metal Solutions, Podium Automation), the Netherlands (Invisix), and Singapore (Hydgen's dual presence). The go-to-market approach is sales-led and relationship-driven, sourcing deals through direct founder engagement, an advisory network of eight sector experts, and ecosystem partnerships with T-Hub and IEEE. Co-Founders & Managing Partners Mohammed Shoeb Ali and Raiyaan Shangani, alongside Partner Shantanu Chaturvedi, lead a growing team that includes VPs for Investments, Marketing & Communications, and Portfolio Investments, plus Director-Investor Relations and a bench of investment analysts.
Transition Venture Capital firmographics
Firmographics- Name
- Transition Venture Capital
- Legal name
- Transition Venture Capital
- Website
- https://transitionventurecapital.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Transition Venture Capital is India's first energy-transition focused venture capital fund that provides catalytic early-stage capital to engineering-led companies building technologies for India's energy future, spanning storage, mobility, industrial decarbonization, and alternate fuels.
- Ownership category
- akta.pro rank
Transition Venture Capital industry classification
Industry- Product category
- Climate and Energy-Transition Venture Capital
- NAICS
- Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Other Financial Vehicles (52599)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD)
- akta.pro secondary industries
- Renewable Energy & Energy Transition Funds (FSANAJAB), Transition Finance (Hard-to-Abate Transition Strategies, SL Loans/Bonds) (FSAAALAI)
Keywords
Where Transition Venture Capital is headquartered
LocationHeadquarters
- HQ city
- Bengaluru
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Transition Venture Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management Fees: Traditional VC fund management fees charged on committed capital, typically 2% annually during investment period and declining thereafter.
- Carried Interest: Performance-based carry (typically 20%) on profits generated for Limited Partners after return of capital. This is the primary value driver for VC funds.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Transition Venture Capital product offering
Product offeringCore offering
Transition Venture Capital manages India's first energy-transition focused venture capital fund, deploying catalytic early-stage equity capital into engineering-led startups building technologies for India's energy future across storage, mobility, industrial decarbonisation, and alternate fuels. The firm earns revenue through traditional fund management fees on committed capital and carried interest on investment returns, while providing portfolio companies with engineering feedback, supplier knowledge sharing, and follow-on fundraising support.
Product overview
Transition Venture Capital is India's first energy-transition focused venture capital fund that provides catalytic capital to engineering-led companies building technologies for India's energy future. The firm does not offer a single unified product but rather invests across a portfolio of companies spanning battery technology (Emo Energy), AI operations (WorkOnGrid), ESG analytics (GreenFi), wind O&M (GreenTech MW), carbon accounting (Fitsol), industrial heat recovery (Promethean Energy), power electronics (Dynolt, Matel Motion), connectivity (Comminent), data center infrastructure (CIMWare), green hydrogen (Hydgen), fuel cells (Protonas), drone avionics (ZeroDrag), carbon capture (Intrinsic Foundaries), thermal management (Helionis Labs), and regenerative agriculture carbon credits (Prithu).
Differentiator
Problem solved
Functional benefit
Products and services
- Transition VC Debut Energy-Transition Fund A closed-end venture capital fund that invests catalytic early-stage equity capital into engineering-led startups building technologies for India's energy future, spanning storage, mobility, industrial decarbonisation, and alternate fuels. Limited Partners commit capital; the fund earns management fees on committed capital and carried interest on investment returns. Portfolio companies receive engineering feedback, supplier knowledge, and follow-on fundraising support.
- Portfolio Company Support and Follow-on Capital Assistance An ongoing portfolio support service bundled with the fund, providing portfolio companies with engineering feedback loops, shared supplier knowledge across the portfolio, enterprise customer introductions, and dedicated LP relationships to support subsequent fundraising rounds and exit planning.
Quantifiable outcome
- Debut fund closed at Rs 700 crore
- +1 more outcomes
Companies that use Transition Venture Capital
Customer profileSegments1 record
Ideal customer profiles2 records
Transition Venture Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Transition Venture Capital partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- IEEEcoreTransition VC and IEEE signed an MoU to launch the 'Net Zero Warriors' initiative, combining technical expertise with startup ecosystem development for energy transition-focused innovation.
- T-HubcoreCollaboration with T-Hub (Hyderabad's startup hub) and IEEE to operate an energy transition-focused startup accelerator, providing mentorship, resources, and investment opportunities for early-stage companies.
Scale indicators3 records
Recent moves7 records
Expansion highlights5 records
Transition Venture Capital competitors and assessment
Company assessmentDirect peers
- Climate Capital: US-based early-stage climate VC focused on energy, mobility, and industrial decarbonization — comparable stage, deep-tech focus, and energy-transition thesis, though US-anchored.
- Avaana Capital: India-based climate and sustainability venture fund investing in early-stage energy, mobility, and industrial decarbonization startups — directly comparable to Transition VC's India-focused energy-transition thesis.
- Green Frontier Capital: India-dedicated early-stage climate-tech VC backing companies in clean energy, mobility, and circular economy — overlapping stage, geography, and energy-transition thesis with Transition VC.
- Omnivore: Indian VC backing early-stage agritech, climatetech, and rural innovation founders. Comparable as an India-focused, early-stage sector-specialist fund with overlapping climate/energy exposure.
- Wada Ventures: India-based cleantech and climate-focused early-stage VC investing in energy, mobility, and industrial decarbonization startups — closely comparable stage and theme.
- Congruent Ventures: US early-stage VC dedicated to climate-tech and energy-transition investing with portfolio companies across renewables, mobility, and grid — comparable stage and sector specialization.
- Clean Energy Ventures: Early-stage US/Europe fund backing digital and hardware climate-tech including energy storage, hydrogen, and grid — overlapping deeptech energy-transition focus at similar stages.
Broad incumbents
- Blume Ventures: India's largest early-stage VC fund with significant clean-energy and climatetech exposure across its portfolio — broader in mandate than Transition VC but a leading allocator of comparable capital.
- Breakthrough Energy Ventures: Bill Gates-backed multi-billion-dollar climate-tech fund investing in deeptech decarbonization globally — overlapping investment thesis at a much larger fund scale.
- Energy Impact Partners: Global VC platform investing across energy transition, mobility, and grid modernization with a strategic-LP model — broader in mandate and scale but overlapping energy-transition exposure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Transition Venture Capital social profiles
Digital presenceTransition Venture Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Transition Venture Capital leadership team
Management profileNumber of profiles
Profiles7 records
Transition Venture Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Transition Venture Capital M&A and investment
M&A and investmentM&A
Investments23 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Transition Venture Capital
What does Transition Venture Capital do?
Transition Venture Capital manages India's first energy-transition focused venture capital fund, deploying catalytic early-stage equity capital into engineering-led startups building technologies for India's energy future across storage, mobility, industrial decarbonisation, and alternate fuels. The firm earns revenue through traditional fund management fees on committed capital and carried interest on investment returns, while providing portfolio companies with engineering feedback, supplier knowledge sharing, and follow-on fundraising support.
Is Transition Venture Capital a public or private company?
Transition Venture Capital is a private company. It is classified as venture growth investor backed and is currently operating.
When was Transition Venture Capital founded?
Transition Venture Capital was founded in 2023. It employs 1 to 10 people.
Where is Transition Venture Capital based?
Transition Venture Capital is headquartered in Bengaluru, India, in the Asia region.
How does Transition Venture Capital make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest.
Who are Transition Venture Capital's main competitors?
Direct peers on record are Climate Capital, Avaana Capital, Green Frontier Capital, Omnivore, Wada Ventures, Congruent Ventures and Clean Energy Ventures. Broad incumbents are Blume Ventures, Breakthrough Energy Ventures and Energy Impact Partners.
Does Transition Venture Capital have an API?
No public API is recorded for Transition Venture Capital.
What industry is Transition Venture Capital in?
Transition Venture Capital's product category is Climate and Energy-Transition Venture Capital. Its primary akta.pro industry code is FSANAEAD, Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS), with a secondary code of FSANAJAB, Renewable Energy & Energy Transition Funds. Its NAICS code is 52394 and its SIC code is 6282.