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Transition VC operates as India’s first venture capital fund singularly focused on the energy transition. It invests in engineering-led companies developing critical technologies across various segments of India’s evolving energy landscape. Their portfolio includes innovations in energy storage, sustainable mobility solutions, industrial decarbonization, and alternative fuels, all designed to power the nation's next energy era.
Mohammed Shoeb Ali and Raiyaan Shingati co-founded the firm in 2021. Their foundational insight stemmed from the urgent need to address the climate crisis by fostering technological advancements within India's energy sector. They established Transition VC to provide catalytic capital to startups engineering a cleaner, more sustainable future for the country.
Transition VC primarily supports innovative companies focused on climate-aligned technologies, aiming to accelerate their growth and impact. The fund’s overarching vision is to contribute significantly to India's energy independence and environmental sustainability. It seeks to demonstrate that investments aligned with climate goals yield both societal benefits and compelling financial returns, fostering a robust ecosystem for energy innovation.
Key people at Transition VC.
Key people at Transition VC.
Transition VC has 4 tracked investments across 4 companies. The latest tracked deal is $132.0M Seed in Intrinsic Foundries in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 17, 2026 | Intrinsic Foundries | $132.0M Seed | Transition VC | — |
| Oct 27, 2025 | Hydgen | $4.8M Other Equity | Transition VC | Cloudberry Pioneer Investments, Moringa Ventures |
| Jun 13, 2024 | UNIGRID | $12.0M Series A | Ritz Venture Capital, Transition VC | — |
| Nov 1, 2023 | Safi | $20.0M Series A | — | Lowercarbon Capital, Vlad Yatsenko, Nosara Capital |