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					</table><p>India&#8217;s first energy transition-focused venture capital firm, <a href="https://transitionventurecapital.com/" target="_blank" rel="noopener">Transition VC</a><u>,</u>  has launched a fund with a target corpus of ₹4 billion ($48.9 million), which includes a greenshoe option of ₹2 billion ($24.4 million).</p>
<p>The Bengaluru-based firm will invest in electric mobility, green hydrogen, energy storage, net zero in buildings, and climate tech. With ticket sizes ranging from $500,000 to $1 million, it aims to support up to 40 early-stage startups over the next three years.</p>
<p>The fund will allocate 25% of the corpus to global startups. For its international investments, Transition VC has a strategy to invest in developed market products that could be introduced to an emerging market like India.</p>
<p>The firm recently received approval from the capital markets regulator Securities and Exchange Board of India. It intends to mark the fund&#8217;s first close by the end of the calendar year 2022.</p>
<p>Raiyaan Shingati, Co-founder &amp; Managing Partner of Transition VC, said, &#8220;Climate Change &amp; Energy Transition is a business opportunity, as they demand reinvention of every segment of the industry. We are at the beginning of a new era! Major shifts like this don&#8217;t come around that often, but we are starting to see one now, and it&#8217;s going to shape how people consume energy for decades to come.&#8221;</p>
<p>Transition VC claimed that its maiden fund is seeing growing interest from Indian and global high-net-worth individuals, family offices, and corporates specialized in strategic investments.</p>
<p>The fund is looking at an invite-only pool of investors who understand the domain well and are aligned with its vision, the VC firm said.</p>
<p>The recently concluded United Nations Climate Change Conference (COP27) <a href="https://mercomindia.com/cop27-4-trillion-renewable-funding-annually-net-zero-2050/" target="_blank" rel="noopener">highlighted</a> the need for global investments of $4 trillion per year in renewable energy until 2030 to achieve net zero emissions by 2050.</p>
<p>According to Mercom’s <a href="https://mercomcapital.com/product/9m-q3-2022-funding-ma-report-for-storage-grid-efficiency/" target="_blank" rel="noopener">9M and Q3 2022 Funding and M&amp;A Report for Storage, Grid, and Efficiency</a>, global corporate funding for energy storage, smart grid, and energy efficiency companies in the first nine months (9M) of 2022 increased by 66% to $25 billion compared to $15.1 billion raised in 9M 2021.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gautamee-hazarika/" class="vcard author" rel="author"><span class="fn">Gautamee Hazarika</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Gautamee,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gautamee-hazarika/" target="_blank" rel="noopener">More articles from Gautamee.</a><br />
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<a href="gautamee@mercomindia.com" target="_blank" rel="noopener">gautamee@mercomindia.com</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/10/Picture1.jpg" width="102" height="102" /><a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">Gautamee</a> is a reporter at Mercom India. Prior to Mercom, Gautamee was working as a multimedia news journalist at ThePrint in New Delhi. She has received her Bachelors in English Honors and Masters in English Literature from St.Stephen&#8217;s College, University of Delhi.<a href="https://mercomindia.com/author/gautamee-hazarika/" rel="noopener">More articles from Gautamee</a></div>
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Transition VC Launches ₹4 Billion Fund to Support Cleantech Startups

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