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 Ivana Jewels & ParkMate.

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

EvolveX Accelerator, an accelerator and incubator program founded in 2021, is based in Surat, India. With a presence in 2 countries, it has supported around 38 startups in sectors like Consumer, Enterprise Applications. Most notable companies in its portfolio include Ivana Jewels, ParkMate and Integra Robotics. The program is backed by a team of 11 people who primarily support Seed startups based in India. Its latest investment was a Undisclosed Seed round in ProjectStudio on Jan 10, 2026, which also saw participation from Modulor Capital and We Founder Circle.

Key Metrics

Founded Year

2021

Location

Surat, India

Portfolio Companies

Ivana Jewels, ParkMate & 36 more

Sectors of Investment

Consumer, Enterprise Applications & 20 more

Stages of Investment

Seed

Locations of Investment

India & Germany

View EvolveX Accelerator's full profile

EvolveX Accelerator has a portfolio of 38 companies. Their most notable investments are in MyEra and Metabook XR.Their portfolio spans across India and Germany. They have invested in Consumer, Enterprise Applications, High Tech and 19 other sectors, across stages such as Seed stage. Here is the list of top investments by EvolveX Accelerator:

1. Ivana Jewels

Retailer of lab-grown diamond and polki jewellery. The brand offers a range of certified jewellery pieces including rings, earrings, bracelets, pendants, and necklaces. Each item is crafted in hallmarked gold and features ethically created diamonds. The collection includes solitaire designs, minimalist styles, and bridal jewellery, providing sustainable luxury alternatives for various occasions.

Key facts about Ivana Jewels

Founded Year: 2023
Location: Surat (India)
Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $292K
Employee Count: 49 as on May 31, 2026
Investors: We Founder Circle, Vishnuvibe Advisors and 3 Others
Latest Funding Round: Seed, Apr 30, 2025, $*****

2. 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: $1.68M
Employee Count: 123 as on Jan 31, 2025
Investors: Z Nation Lab, Venture Catalysts and 65 Others
Latest Funding Round: Seed, Sep 16, 2025, $*****

3. Integra Robotics

Building physical intelligence through real-world robot deployments. Modular arms, underwater manipulators and mobile platforms share a common hardware and software foundation to automate industrial and hazardous work, with a roadmap toward supervised autonomy.

Key facts about Integra Robotics

Founded Year: 2017
Location: Bengaluru (India)
Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $2.52M
Employee Count: 11 as on Sep 30, 2026
Investors: Firstport Capital, Finvolve and 30 Others
Latest Funding Round: Seed, Jun 04, 2026, $*****

4. 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: 38 as on Sep 30, 2026
Investors: RB Investments, Venture Garage and 93 Others
Latest Funding Round: Seed, Sep 01, 2025, $*****
Highlight: Editors' Pick

5. 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: Callapina, Z21 Ventures and 49 Others
Latest Funding Round: Seed, Dec 30, 2024, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

EvolveX Accelerator has invested in 38 companies over the last 4 years, with an average of 4 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 $143K.

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 33 Tech companies, 26 Consumer (B2C) companies, 20 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	10
Retail	8
High Tech	7
EdTech	5
Others	47

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	7359	Modulor Capital [+2]
May 22, 2025	BlackCarrot	India	Seed	3647	GX Ventures [+4]
May 17, 2025	Integra Robotics	India	Seed	1729	We Founder Circle [+2]
May 05, 2025	TIDA Sports	India	Seed	1991	We Founder Circle [+3]
Apr 30, 2025	Ivana Jewels	India	Seed	8323	Avinya Ventures [+3]

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 Phone number
Saurabh Deo	Partner	India	-	-
Gaurav VK Singhvi	Partner	Surat	-	4 Emails
Vikas Aggarwal	Partner	Noida	-	2 Emails, 1 Phone number

View team details of EvolveX Accelerator

Over the past 4 years, 422 investors have co-invested in EvolveX Accelerator's portfolio companies. This includes funds and angels.

Invested before EvolveX Accelerator: We Founder Circle, Soonicorn Ventures and 118 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 Soonicorn Ventures has invested before EvolveX Accelerator.
Top Co-investors of EvolveX Accelerator: 81 investors entered a company along with EvolveX Accelerator. These include investors like We Founder Circle (19 companies).
Invested after EvolveX Accelerator: A total of 221 investors have invested in EvolveX Accelerator's portfolio after their investments. Top Investors include We Founder Circle (6 companies) and Invstt (3 companies).