Transition VC inaugurates Rs 4 billion fund for cleantech startups

Transition VC, an energy transition-focused venture capital firm, has inaugurated a fund with a target corpus of Rs 4 billion, which includes a Rs 2 billion greenshoe option. The Bengaluru-based company plans to invest in electric vehicles, green hydrogen, energy storage, net zero buildings and climate technology. The company aims to support up to 40 early-stage start-ups over the next three years with ticket sizes ranging from $500,000 to $1 million. The fund is considering an invite-only pool of investors who are well versed in the domain and share its vision. The fund will invest 25 per cent of its capital in global start-ups.