When was EvolveX Accelerator founded?

EvolveX Accelerator was founded in 2021.

Where is EvolveX Accelerator's headquarters located?

EvolveX Accelerator's headquarters is located in Surat (India).

How big is EvolveX Accelerator's investment team?

EvolveX Accelerator has a team of 11, including 4 partners.

How many companies has EvolveX Accelerator invested in?

EvolveX Accelerator has invested in 38 companies, including ParkMate & Ecoratings.

Which companies has EvolveX Accelerator invested in lately?

ProjectStudio & BlackCarrot are the latest investments by EvolveX Accelerator.

EvolveX Accelerator - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. ParkMate

Provider of technology-enabled solutions for valet and parking management services. The company offers a hybrid system using license plate recognition and software. It provides trained manpower for valet parking, along with a drop and shop service. The company also offers a QR code-based navigation system for parking spots.

Key facts about ParkMate

Founded Year: 2021
Location: Noida (India)
Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $1.67M
Employee Count: 123 as on Jan 31, 2025
Investors: Venture Catalysts, Z Nation Lab and 75 Others
Latest Funding Round: Seed, Sep 16, 2025, $*****

2. Ecoratings

AI based ESG ratings and analysis for businesses. It leverages data-driven methods and advanced artificial intelligence to help companies make informed sustainability decisions. It offers AI agents for carbon accounting and tokenization of carbon credits on the blockchain. It specializes in sustainability, AI, LLM, RAG, carbon measurement, reporting, validation, and asset tokenization.

Key facts about Ecoratings

Founded Year: 2023
Location: Noida (India)
Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $1.9M
Employee Count: 43 as on May 31, 2026
Investors: Google, Angel List and 93 Others
Latest Funding Round: Seed, Sep 01, 2025, $*****

3. The Energy Company

Provider of battery storage systems and software for energy management. The company designs application-specific systems, integrating hardware engineering, power electronics, and digital lifecycle intelligence. These systems replace diesel generators, capture curtailed solar energy, and participate in energy markets. The software coordinates battery assets into a unified network for grid services.

Key facts about The Energy Company

Founded Year: 2021
Location: Bengaluru (India)
Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $3.33M
Employee Count: 59 as on Aug 31, 2025
Investors: LetsVenture, Faad Capital and 49 Others
Latest Funding Round: Seed, Dec 30, 2024, $*****
Highlight: Editors' Pick

4. Ambitio

Provider of study abroad test preparation and university application guidance. It offers tools and mentorship for students seeking admission to international universities. The company provides test preparation resources for exams like GRE, TOEFL, IELTS, ACT, and SAT. It also offers university shortlisting, scholarship exploration, and application assistance, including AI-driven insights and mentorship from university alumni.

Key facts about Ambitio

Founded Year: 2021
Location: Bengaluru (India)
Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $2.56M
Employee Count: 105 as on May 31, 2026
Investors: Anicut Capital, First Cheque and 14 Others
Latest Funding Round: Seed, Jan 22, 2025, $*****

5. Plusgold

Digital gold investment app allowing users to purchase and redeem gold as jewelry at partner jeweler stores. Enables to save in gold in one time or SIP, users can leverage the exclusive discounts and coupons available to invest their savings into jewellery, users have the freedom to discover and choose jewellers that align with their preferences and requirements, and more. Application is made available on android and iOS platform.

Key facts about Plusgold

Founded Year: 2022
Location: Bengaluru (India)
Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2024
Valuation: $*****
Stage: Seed
Total Funding till date: $1.69M
Employee Count: 39 as on May 31, 2026
Investors: CapFort Ventures, Venture Catalysts and 26 Others
Latest Funding Round: Seed, Jun 25, 2024, $*****

View the full list of portfolio companies

EvolveX Accelerator has invested in 38 companies over the last 4 years, with an average of 6 new investments annually in the last 3 years. In 2025, it made 8 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in ProjectStudio and most recent follow-on round was in BlackCarrot.

Here are EvolveX Accelerator's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	1	0	1
2025	6	2	8
2024	3	1	4
2023	16	6	22
2022	5	0	5

View all investments by EvolveX Accelerator

EvolveX Accelerator has made 31 investments in Seed stage with an average round size of $135K.

View all investments by EvolveX Accelerator

EvolveX Accelerator has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, High Tech and EdTech. Notably, it has invested in 32 Tech companies, 25 Consumer (B2C) companies, 19 Enterprise (B2B) companies and at least 13 companies focusing on Software.

Here are EvolveX Accelerator's investments by sector:

Sector	No. of Investments
Consumer	10
Enterprise Applications	8
Retail	8
High Tech	7
EdTech	5
Others	44

Note: We have considered here, only first round of investments

View all investments by EvolveX Accelerator

EvolveX Accelerator has made most investments in India (31).

View all investments by EvolveX Accelerator

EvolveX Accelerator has made 1 investments in 2026 so far - ProjectStudio.

Here are the most recent investments by EvolveX Accelerator:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jan 10, 2026	ProjectStudio	India	Seed	7451	Modulor Capital [+2]
May 22, 2025	BlackCarrot	India	Seed	8263	GX Ventures [+4]
May 05, 2025	TIDA Sports	India	Seed	2819	We Founder Circle [+3]
Apr 30, 2025	Ivana Jewels	India	Seed	6463	Avinya Ventures [+2]
Mar 19, 2025	Social Hardware	India	Seed	5942	We Founder Circle [+1]

See more recent investments made by EvolveX Accelerator

EvolveX Accelerator has a team of 11 members including 4 Partners located in India. EvolveX Accelerator's team does not sit on the board of any company as of now.

Here is a list of top team members in EvolveX Accelerator:

Name	Designation	Location	Board Memberships	Contact Details
Neeraj Tyagi	Partner	Bengaluru	-	1 Email, 1 Phone number
Saurabh Deo	Partner	India	-	-
Gaurav VK Singhvi	Partner	Surat	-	2 Emails
Vikas Aggarwal	Partner	Noida	-	1 Email, 1 Phone number

View team details of EvolveX Accelerator

Over the past 4 years, 436 investors have co-invested in EvolveX Accelerator's portfolio companies. This includes funds and angels.

Invested before EvolveX Accelerator: We Founder Circle, LetsVenture and 137 others have invested in rounds before EvolveX Accelerator. There are 5 companies where We Founder Circle has invested before EvolveX Accelerator and 2 companies where LetsVenture has invested before EvolveX Accelerator.
Top Co-investors of EvolveX Accelerator: 79 investors entered a company along with EvolveX Accelerator. These include investors like We Founder Circle (19 companies).
Invested after EvolveX Accelerator: A total of 218 investors have invested in EvolveX Accelerator's portfolio after their investments. Top Investors include We Founder Circle (6 companies) and Invstt (3 companies).