About Micelio
Micelio is a venture capital firm founded in 2018. It is primarily based out of Bengaluru, India. As of Mar 2026, Micelio is an active investor, having invested in 12 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Environment Tech to High Tech and Transportation and Logistics Tech. Most recently it participated in the $***** Seed round of NewTrace A lot of funds co-invest with Micelio, with names like Anicut Capital sharing a substantial percentage of its portfolio. Micelio has team of 21 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Deals in last 12 months
Micelio's List of Top Investments
Micelio has a portfolio of 12 companies. Their most notable investments are in Moonrider and Sheru.Their portfolio spans across and India. They have invested in Environment Tech, High Tech, Transportation and Logistics Tech and 9 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Micelio:1. E-plane
Developer of electric vertical takeoff and landing aircraft for urban air mobility. This company designs and manufactures electric air taxis intended to alleviate traffic congestion. The aircraft are designed for intra-city travel, offering a faster, quieter, and more sustainable alternative to traditional transportation methods. The focus is on creating a safe and efficient aerial mobility solution for both passengers and cargo.
Key facts about E-plane
- Founded Year: 2019
- Location: Chennai (India)
- Annual Revenue: ₹2.19Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $21.5M
- Employee Count: 135 as on Aug 31, 2025
- Investors: Anicut Capital, LetsVenture and 77 Others
- Latest Funding Round: Series B, Oct 29, 2024, $*****
- Highlight: Editors' Pick
2. ElectricPe
Retailer of electric vehicles, charging solutions, and related accessories. They provide test rides and facilitate vehicle purchases through financing and home delivery options. The company offers a charging subscription and operates mobility centers. It also provides an application for locating charging points.
Key facts about ElectricPe
- Founded Year: 2021
- Location: Bengaluru (India)
- Annual Revenue: ₹13.3Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $11.4M
- Employee Count: 119 as on Aug 31, 2025
- Investors: NB Ventures, Anchorage Capital Partners and 83 Others
- Latest Funding Round: Seed, Jul 30, 2024, $*****
- Highlight: Editors' Pick
3. MiniMines
Provider of lithium-ion battery recycling and commodity extraction clean-tech solutions. The company develops processes to obtain commodities from end-of-life lithium-ion batteries and battery manufacturing scrap. It offers a hybrid hydrometallurgy process for recycling lithium-ion batteries. The company aims to provide battery-grade materials for re-entry into the supply chain.
Key facts about MiniMines
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹10.4Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $4.97M
- Employee Count: 57 as on Mar 31, 2026
- Investors: Angel List, Pawan Munjal Family Trust and 19 Others
- Latest Funding Round: Grant (prize money), Sep 02, 2025, $*****
- Highlight: Editors' Pick
4. Moonrider
Manufacturer of electric tractors for agriculture and other industries. These tractors aim to reduce carbon footprint with zero emissions. The tractors are designed to be cost-effective to operate. They offer mobile app integration, over-the-air updates, and remote troubleshooting.
Key facts about Moonrider
- Founded Year: 2023
- Location: Bengaluru (India)
- Annual Revenue: ₹10.5L as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $8.38M
- Employee Count: 25 as on Jun 30, 2025
- Investors: Transport Corporation of India, Singularity AMC and 19 Others
- Latest Funding Round: Series A, Dec 03, 2025, $*****
- Highlight: Editors' Pick
5. RACE
Developer of modular swappable EV batteries and battery swapping stations for electric auto rickshaws and fleets. Its battery technology provides reliable and sustainable energy solutions offering high performance, durability, and efficiency. Its swap stations facilitate optimizing charging time and cost as per differential charging rates in the day. Its smart analytics can provide density indicators for any geographic location demonstrating scope of expansion for new swap stations based on demand analysis. It swap stations run smart charging algorithms that decide charging rates based on demand for swaps and shift to slow charging to conserve battery life in low demand periods. It allows for centralised management of batteries based on insights from charging rates, thermal performance and enhancing efficiency levels.
Key facts about RACE
Micelio's Year-on-Year Investment Trends
Micelio has invested in 12 companies over the last 6 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in Turiyam.ai and most recent follow-on round was in NewTrace.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 0 | 1 | 1 |
2024 | 3 | 2 | 5 |
2023 | 1 | 4 | 5 |
2022 | 2 | 2 | 4 |
2021 | 4 | 1 | 5 |
2020 | 1 | 0 | 1 |
Micelio's Investments by Stage
Micelio has made 10 investments in Seed stage with an average round size of $1.83M and 2 investments in Series A stage with an average round size of $4.97M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 2 |
Note: We have considered here, only first round of investments
Micelio's Investments by Sector
Micelio has a diverse portfolio, with companies operating in the Sustainability Tech, Energy Tech, Environment Tech, High Tech and Auto Tech. Notably, it has invested in 12 Tech companies, 10 Enterprise (B2B) companies, 6 Software companies and at least 6 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Sustainability Tech | 10 |
Energy Tech | 9 |
Environment Tech | 8 |
High Tech | 7 |
Auto Tech | 6 |
Others | 14 |
Note: We have considered here, only first round of investments
Micelio's Investments by Geography
Micelio has made most investments in India (12).Micelio's recent investments
Micelio has made 2 investments in 2026 so far - NewTrace and Turiyam.ai.Here are the most recent investments by Micelio:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 10, 2026 | India | Seed | 6112 | [+6] | |
Mar 02, 2026 | India | Seed | 5546 | ||
Dec 03, 2025 | India | Series A | 5875 | [+7] | |
Dec 14, 2024 | India | Seed | 2461 | [+1] | |
Oct 29, 2024 | India | Series B | 9518 | [+47] |
Team profile of Micelio
Micelio has a team of 21 members including 1 Partner and 11 Principals located in India. Micelio's team does not sit on the board of any company as of now.Here is a list of top team members in Micelio:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | - | ||
Principal | Bengaluru | - | - | |
Principal | Bengaluru | - | - | |
Principal | Guwahati | - | - | |
Principal | Bengaluru | - | ||
Principal | Bengaluru | - | - | |
Principal | Bengaluru | - |
Co-investors of Micelio
Over the past 6 years, 348 investors have co-invested in Micelio's portfolio companies. This includes funds and angels.
- Invested before Micelio: IIMA Ventures, Ridhish Talwar and 112 others have invested in rounds before Micelio. There are 2 companies where IIMA Ventures has invested before Micelio and 2 companies where Ridhish Talwar has invested before Micelio.
- Top Co-investors of Micelio: 103 investors entered a company along with Micelio. These include investors like Anicut Capital (2 companies).
- Invested after Micelio: A total of 131 investors have invested in Micelio's portfolio after their investments. Top Investors include Angel List (3 companies), Manish Prataprai Gandhi (2 companies) and SiriusOne (2 companies).
Recent News related to Micelio
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Newtrace Raises $6.3 Mn To Commercialise Green Hydrogen TechStartupNews•Mar 10, 2026•Mitsui Sumitomo Insurance, NewTrace, HDFC Bank, Aavishkaar Capital and 4 others
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Newtrace to raise pre Series A funding led by HDFC BankEntrackr•Feb 24, 2026•Bank.in, NewTrace, HDFC Bank, Mitsui Sumitomo Insurance and 6 others
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Electric Tractor Startup Moonrider Secures $6M in Series A RoundViestories•Dec 03, 2025•Moonrider, Singularity AMC, pi Ventures, Moon Rider and 3 others
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Stride Green raises $3.5 Mn in seed roundEntrackr•Jun 05, 2025•Stride Green, Micelio, Incubate Fund India
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Electric tractor startup Moonrider raises $2.2 Mn in seed roundEntrackr•Jan 07, 2025•Moonrider, AdvantEdge, Micelio
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EV maker Oben Electric raises $6 million in funding to expand ...Indian Startup News•Jan 07, 2025•Moonrider, AdvantEdge, Micelio
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The ePlane Company Raises $14 Mn To Advance eVTOL DevelopmentInc42•Nov 14, 2024•E-plane, Speciale Invest, Antares Ventures, Java Capital and 7 others
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ElectricPe raises $3 mn pre-Series A funding led by Green Frontier CapitalIndiatimes•Jul 30, 2024•ElectricPe, Green Frontier Capital, Blume Venture, Micelio and 1 other
