Operates a platform for EV fleets, which connects drivers, fleet owners and ride-hailing companies to provide them vehicle access, charging and fleet management. AI helps drive charging recommendations and predictive maintenance alerts, while its driver app has helped increase incomes by 20%, with payment collections and earnings tracking. 1M rides enabled on the platform since launch. $2.4M seed round, led by Caret Capital, with the participation of Antler, Alteria Capital, IAN, Climate Angels and Aureolis Capital. Founded in Sep 2024, Gurgaon based. Founders: Monil (NIT Surat) was Head of Global Expansion at BluSmart and is ex-Invest India; while Vishal (VIT) was Head of Growth & Ops at BluSmart and is also ex-Invest India, and Clinton Health Access Initiative.

Combines EV fleets, fulfilment centers and fleet-management software for sustainable last-mile delivery. Their five-year goal is to deploy 20K Evs, set up 75 fulfillment centers and partner with over 1,000 brands across 15 cities. It has completed over 1.2M deliveries so far. ₹9CR seed round led by XB Group (which operates K-Indev Logistics), with participation from Navyug Global Ventures and Nivetha Muralidharan (who advises brands on their Amazon advertising strategy). Founded in Feb 2021, Bangalore based. Founders: CEO Dhairyasheel founded the company while at IIT Madras, along with co-founder Hidayathulla.

R&D led startup developing proprietary specialty chemicals and advanced materials for industrial applications with a focus on sustainability. The company upcycles plastic waste into high-value binders for paints, coatings, inks and adhesives. AI is used across chemical simulation, validation, and R&D workflows to shorten development timelines. ₹10CR seed round. Founded in Aug 2024, Mumbai based. Founders: Asesh Sarkar, Dr. Rabindranath Mandal and Harsh Bhatt. No prior information available on Asesh and Dr. Rabindranath. Harsh (Thadomal Shahani Engineering College '08) was GM for Industrial Chemicals at ZETWERK. He was Head of BD for Speciality Chemicals Distribution in West Asia at Omya (a distributor of speciality chemicals) and worked on BD at Atul Ltd (in the crop protection division).

EV battery recycling business which recovers lithium, nickel and cobalt from end-of-life lithium-ion batteries through battery material trading, black mass sourcing and supply-chain partnerships. Black mass is the powdery substance which remains after lithium-ion batteries have been shredded, and it contains many of these key metals. Revenue of ~2CR in FY26. $114K/₹1.1CR pre-seed round from an undisclosed US based angel investor. Founded in May 2024, Bangalore based. Founders: CEO Shivam worked at professional training provider Intellipaat; co-founder Shashank (Dr. APJ Abdul Kalam Technical University '24) was briefly an investor relations manager at EarlyJob.

EV ride-hailing platform, with airport transfers, city rides and hourly rentals across Delhi NCR. 5,000 bookings to date, with plans to add 500 vehicles this FY27. Currently adding 25 vehicles a month, including the MG Windsor, MG ZS EV, Kia Carens Clavis EV, BYD e6. $1M round. Other investors in the round: Rohit Qamra, RMRN Ventures, BP Jain Holdings, Bipin Preet Singh, Aakash Goyal, Aakash Anand, Aditya Singh. Gurgaon based, founded in Jun 2025. Founders: CEO Mishu (Delhi Univ. '99) founded Torq Rides (motorcycle rentals, tour operator) and was Chief of Staff at Novatr; COO Rishi (Amity Univ. '09) set up motorcycle dealership Super Suzuki and also set up organic mushroom farm, Veggie Basket.

OEM which manufactures and rents out EV two and three wheelers. Cites a 5,000-vehicle order pipeline, with global ambitions. A mobile app can be used by riders to rent their EVs. EV rentals with battery swap are priced at ₹1,650 per week. Partners with eCommerce and quick commerce majors. Seed round of an undisclosed amount. Hyderabad based, founded in Mar 2022. Founder & CEO Anand (Guru Nanak Dev Engineering College, Bidar '95) was National Sales Head at Suzuki Motorcycles and AVP - Sales at Piaggio.

DeepTech materials startup developing dielectric materials, i.e. non-metallic substances with the capacity to store electrical charge without over-heating). It will supply materials to produce insulated metal substrates, a critical component used to dissipate heat in power-dense electronics like LEDs, along with EV power electronics and telecom. Currently in pilots with 2-3 LED manufacturers. Raiyaan Shingati, Managing Partner at Transition VC, commented "India builds LED lights, cars, and increasingly power electronics too, but one of the most critical layers inside them, the thermal dielectric, is still imported, mostly from China. They have brought the single hardest part of the substrate in-house". Pre-seed round of an undisclosed amount. Bangalore based, founded in Jan 2024. Founder Tarun (Visvesvaraya National Institute of Technology; University of Florida '13) is a materials scientist. He was a process engineer at Ebyte Technologies and HaikuTech, in the US.

Distributed battery storage and intelligence platform. The company installs modular, rechargeable LFP battery (Lithium Iron Phosphate) systems directly at the point of consumption of commercial and industrial customers, while retaining operational dispatch control, turning each installation into a networked asset that aggregate into Virtual Power Plants capable of providing grid-balancing services at scale. This reduces diesel dependence for customers, reduces backup energy costs and provides a payback period that makes the asset debt-worthy. Renewables today are heavily under-utilized, accounting for 43% of installed capacity, yet responsible for only 22% of generation. $1.5M pre-seed round led by Theia Ventures, with the participation of Rainmatter, Momentum Capital, Social Alpha. Founded in Oct 2025, Noida based. Founders: Mudit (Delhi Univ. '05; MIT '07) worked in the World Bank's energy practice, Niti Aayog and more recently at Blume (as VP), and Social Alpha (as an energy advisor); Abhijeet (APJ Abdul Kalam Technological Univ. '12; XIM Bubaneswar '15) was at PWC, before joining impact advisory firm Xynteo.

Company developing non-toxic space propulsion systems including its flagship propulsion system HyperX, which will use non-toxic hypergolic fuel (fuel which can ignite spontaenously) for satellite mobility. Its target customers will include satellite manufacturers, spacecraft developers, and mission operators. Early stage funding of an undisclosed amount from a99, following an undisclosed investment from IAN Angel Fund in April 2026. Founded in Oct 2020, Chennai and Thiruvananthapuram based. Founders: aerospace engineers CEO Gokul and CTO Aravinda founded InterCosmos at Madras Institute of Technology. While not mentioned in the press release, Sivaraj (also Madras Institute of Technology) is also a co-founder.

Electric 3W autos with a solar roof, designed for cargo runs, food service or street retail. This takes away fleet-downtimes, as is the vehicle charges itself. It can carry payloads of 750kg, has a 180km range and is priced at ₹4.5 lakhs. Seed round of an undisclosed amount. Founded in Sep 2024, Pune based. Currently in the prototyping stage, with production expected to commence this month of June 2026. Founder & CEO Sanskar (MIT World Peace Univ., Pune '24) founded Excellens Motors while in college, to make production ready prototypes for companies, across commercial vehicles.