About Ev2 Ventures
Ev2 Ventures is a venture capital firm founded in 2019. It is primarily based out of Gurugram, India. As of Apr 2026, Ev2 Ventures has invested in 11 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Transportation and Logistics Tech to Enterprise Applications and Environment Tech. Most recently it participated in the $***** Seed round of RoshAi A lot of funds co-invest with Ev2 Ventures, with names like ThinKuvate sharing a substantial percentage of its portfolio. Ev2 Ventures has team of 7 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Soonicorns
Ev2 Ventures' List of Top Investments
Ev2 Ventures has a portfolio of 11 companies. Their most notable investments are in Alt Mobility and Fambo.Their portfolio spans across India and United States. They have invested in Transportation and Logistics Tech, Enterprise Applications, Environment Tech and 9 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Ev2 Ventures:
1. Euler Motors
Manufacturer of electric commercial vehicles. The company specializes in the production of advanced electric cargo vehicles designed for commercial logistics and fleet operations. It provides high-performance electric solutions to optimize fleet profitability and efficiency for businesses. PF = Yes
Key facts about Euler Motors
- Founded Year: 2018
- Location: Delhi (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $254M
- Employee Count: 1,486 as on Aug 31, 2026
- Investors: GIC, BlackSoil and 52 Others
- Latest Funding Round: Conventional Debt, Mar 17, 2026, $*****
- Highlight: Editors' Pick
2. Alt Mobility
Provider of electric vehicle leasing and lifecycle management solutions. The company delivers vehicle selection, leasing, service, and repairs. Real-time fleet monitoring, charging, and hubs are also provided. It offers financing options for vehicle leasing. Support for service, repair, warranty, and insurance claims is available.
Key facts about Alt Mobility
- Founded Year: 2020
- Location: Delhi (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $17.3M
- Employee Count: 121 as on Aug 31, 2026
- Investors: Shell, Trifecta Capital and 18 Others
- Latest Funding Round: Series A, Mar 28, 2025, $*****
- Highlight: Editors' Pick
3. Fambo
Provider of fresh produce and semi-processed food items for restaurants. They source fruits and vegetables from farms and offer value-added services. These services include cutting, chopping, frying, and creating sauces and gravies. They supply ingredients to quick service, specialty, and chain restaurants, as well as cloud kitchens and canteens. The company delivers fresh ingredients with traceability through its delivery system.
Key facts about Fambo
- Founded Year: 2022
- Location: Noida (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $7.45M
- Employee Count: 31 as on Aug 31, 2025
- Investors: NABVENTURES, Ev2 Ventures and 18 Others
- Latest Funding Round: Series A, Sep 25, 2025, $*****
4. RoshAi
Provider of AI-powered autonomous driving technology. It offers retrofit-ready software/hardware stacks for Level 4 autonomy in trucks, buses, and cars across logistics, mining, ports, and factories. The company's offerings include fleet management systems and perception intelligence frameworks.
Key facts about RoshAi
- Founded Year: 2021
- Location: Delaware (United States)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.07M
- Employee Count: 42 as on Feb 28, 2026
- Investors: Indian Angel Network, Venture Garage and 7 Others
- Latest Funding Round: Seed, Apr 08, 2026, $*****
- Highlight: Editors' Pick
5. Enmovil
Provider of AI-powered platform for supply chain and logistics management. The platform offers features for reliable supply chains and resilient logistics. It provides solutions related to security and technology. The platform helps with managing and optimizing various aspects of supply chain operations.
Key facts about Enmovil
- Founded Year: 2015
- Location: Hyderabad (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $9.77M
- Employee Count: 151 as on Aug 31, 2025
- Investors: Cisco, Lumis Partners and 21 Others
- Latest Funding Round: Series A, Aug 25, 2025, $*****
- Highlight: Editors' Pick
Ev2 Ventures' Year-on-Year Investment Trends
Ev2 Ventures has invested in 11 companies over the last 4 years, with an average of 2 new investments annually in the last 3 years. In 2025, it made 3 investments, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in Fambo and most recent follow-on round was in RoshAi.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 1 | 2 | 3 |
2024 | 3 | 2 | 5 |
2023 | 3 | 0 | 3 |
2022 | 1 | 0 | 1 |
Ev2 Ventures' Investments by Stage
Ev2 Ventures has made 7 investments in Seed stage with an average round size of $1.81M and 1 investment in Series A stage with an average round size of $1.72M.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Series A | 1 |
Note: We have considered here, only first round of investments
Ev2 Ventures' Investments by Sector
Ev2 Ventures has a diverse portfolio, with companies operating in the Auto Tech, Transportation and Logistics Tech, Energy Tech, Environment Tech and Sustainability Tech. Notably, it has invested in 11 Enterprise (B2B) companies, 11 Tech companies, 6 Tech hardware companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Auto Tech | 5 |
Transportation and Logistics Tech | 5 |
Energy Tech | 4 |
Environment Tech | 4 |
Sustainability Tech | 4 |
Others | 23 |
Note: We have considered here, only first round of investments
Ev2 Ventures' Investments by Geography
Ev2 Ventures has made most investments in India (8), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 8 |
United States | 1 |
Note: We have considered here, only first round of investments
Ev2 Ventures' recent investments
Ev2 Ventures has made 1 investments in 2026 so far - RoshAi.Here are the most recent investments by Ev2 Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 08, 2026 | United States | Seed | 5897 | [+2] | |
Jul 14, 2025 | India | Series A | 9648 | ||
Mar 28, 2025 | India | Series A | 7194 | ||
Jan 16, 2025 | India | Seed | 3545 | ||
Aug 21, 2024 | United States | Seed | 6474 | [+1] |
Team profile of Ev2 Ventures
Ev2 Ventures has a team of 7 members including 3 Partners located in India, United Kingdom and 1 more location. Ev2 Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Ev2 Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Atlanta | - | ||
Partner | Delhi | - | ||
Partner | London | - | - |
Co-investors of Ev2 Ventures
Over the past 4 years, 129 investors have co-invested in Ev2 Ventures's portfolio companies. This includes funds and angels.
- Invested before Ev2 Ventures: Emergent Ventures, PitchRight Ventures and 69 others have invested in rounds before Ev2 Ventures. There are 2 companies where Emergent Ventures has invested before Ev2 Ventures and 1 company where PitchRight Ventures has invested before Ev2 Ventures.
- Top Co-investors of Ev2 Ventures: 41 investors entered a company along with Ev2 Ventures. These include investors like ThinKuvate (3 companies).
- Invested after Ev2 Ventures: A total of 17 investors have invested in Ev2 Ventures's portfolio after their investments. Top Investors include Trifecta Capital (1 company), Alteria Capital (1 company) and Manoj Nandkishor Tekriwal (1 company).
Recent News related to Ev2 Ventures
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Fambo Raises $2.4 Mn to Expand Agritech Beyond Northern IndiaStartupNews•Oct 29, 2025•Fambo, Ev2 Ventures, NABARD, v2 Ventures and 2 others
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India's Alt Mobility Secures Investment from Beyond Capital VenturesFinSMEs•May 09, 2025•Alt Mobility, Beyond Capital Ventures, Shell, Eurazeo and 1 other
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Alt Mobility Secures $10 Million Funding with Support from Eurazeo and Shell VenturesEMobility+•Nov 27, 2024•Alt Mobility, Eurazeo, Shell, Twynam and 1 other
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Autonomous Solutions (ADAS) Company Rosh.Ai Raises $ 1 Million FundingTechiexpert•Aug 21, 2024•RoshAi, Caret Capital, ThinKuvate, Ev2 Ventures
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B2B e-procurement platform Centriti raises INR 6 Cr in funding round led by Emergent India VenturesSnackfax•Jul 09, 2024•Centriti, Ev2 Ventures, Emergent Ventures India, Atrium Angels and 7 others
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Suniel Shetty-backed Regrip Secures USD 2 Million FundingTimes Now News•Jun 01, 2024•REGRIP, IIMA Ventures, IVY Growth Associates, Hem Angels and 6 others
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Ev2 Ventures Leads INR 6 Crore Pre-Series A Investment in HoReCa Distribution and Mid Mile Logistics Company Centritiapnnews.com•May 10, 2024•Ev2 Ventures, Centriti, Atrium Angels, Alluvium Capital and 1 other
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Alt Mobility raises $6mn in Funding Co-led by Shell Ventures, Eurazeo, EV2 and TwynamAsiaone•Jan 18, 2024•Shell, Eurazeo, Alt Mobility, Ev2 Ventures and 5 others
