Transition VC launches Rs.200-Cr climate tech focused fund

Bengaluru-based Transition VC has announced the launch of its maiden fund with a target corpus of INR 200 crore, with a greenshoe option of another INR 200 crore. Transition VC will invest in 40 early-stage startups across sectors such as electric mobility, green hydrogen, energy storage, net zero journey in buildings and climate-tech. The corpus will be deployed over the next three years, with ticket size ranging from USD 500,000- USD 1 million. Transition VC was founded in 2021 by a team of entrepreneurs and business professionals such as Raiyaan Shingati, Mohammed Shoeb Ali, Mustafa Wajid, Naresh V Narasimhan, Tejas Goenka, Saif Qureishi, and Rajesh Doshi. The fund is led by Shingati and Ali.