About Transition VC
Transition VC is a venture capital firm founded in 2022. It is primarily based out of Bengaluru, India. As of Aug 2026, Transition VC is an active investor, having invested in 23 companies, with 13 new investments 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 Enterprise Applications to Environment Tech and High Tech. Most recently it participated in the $***** Series B round of Matel A lot of funds co-invest with Transition VC, with names like Gruhas sharing a substantial percentage of its portfolio. Transition VC has team of 23 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 2 more
Portfolio Soonicorns
Transition VC's List of Top Investments
Transition VC has a portfolio of 23 companies. Their most notable investments are in Promethean Energy and Fitsol.Their portfolio spans across India, Singapore and United States. They have invested in Enterprise Applications, Environment Tech, High Tech and 13 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Transition VC:1. Emo Energy
Provider of energy management systems integrating battery technology and charging hardware. It delivers energy solutions for commercial establishments, managing energy from grid to wheels. The company offers active thermal management and battery management systems. It provides energy management software optimized for scalability.
Key facts about Emo Energy
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $14.1M
- Employee Count: 47 as on May 31, 2025
- Investors: Subhkam Ventures, Gruhas and 48 Others
- Latest Funding Round: Series A, May 29, 2026, $*****
- Highlight: Editors' Pick
2. ChargeZone
Operator of electric vehicle charging stations and related software services. It offers hardware for various charging needs, alongside software for managing charging infrastructure. Services include energy solutions and fleet charging systems. The company also provides radio-frequency identification cards for streamlined access. Provides an app for station finder, real-time availability, navigation, and reviews.
Key facts about ChargeZone
- Founded Year: 2018
- Location: Vadodara (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $97.5M
- Employee Count: 145 as on Aug 31, 2025
- Investors: Macquarie, 108 Capital and 195 Others
- Latest Funding Round: Series A, Apr 30, 2024, $*****
- Highlight: Editors' Pick
Provider of rapid-charging battery, charger, and connector technology for EVs. The company offers a full energy stack comprising a proprietary battery pack, charging station, and high-current connector engineered to work together for ultra-fast charging. Its technology enables lithium iron phosphate battery packs to charge from empty to full in around a quarter of an hour while maintaining long cycle life, using water-based thermal management and advanced cell control.
Key facts about Exponent Energy
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $68.3M
- Employee Count: 215 as on Aug 31, 2025
- Investors: Lightspeed, Lightspeed Venture Partners and 45 Others
- Latest Funding Round: Series B, Feb 19, 2026, $*****
- Highlight: Editors' Pick
4. HYDGEN
Developer of decentralized green hydrogen production solutions. It is a singapore based company that specializes in decentralized green hydrogen production solutions utilizing innovative electrolyzer technologies to provide cost effective sustainable energy solutions. Their systems are designed to be low capex,compact and scalable for various industrial sectors.
Key facts about HYDGEN
- Founded Year: 2024
- Location: Singapore (Singapore)
- Stage: Seed
- Total Funding till date: $6.49M
- Employee Count: 39 as on Jun 30, 2026
- Investors: C-CAMP, Transition VC and 6 Others
- Latest Funding Round: Seed, Oct 27, 2025, $*****
- Highlight: Editors' Pick
5. Grid
Provider of an AI-driven platform for operational intelligence in utilities. The platform facilitates data collection and enables GIS tagging for field teams. It offers a visualization engine that turns operational data into actionable insights. The platform connects legacy systems and consolidates operations data in real time, also automating processes.
Key facts about Grid
- Founded Year: 2017
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $3.46M
- Employee Count: 40 as on Aug 31, 2025
- Investors: Indian Angel Network, Pragnya and 65 Others
- Latest Funding Round: Series A, Mar 10, 2026, $*****
- Highlight: Editors' Pick
Transition VC's Year-on-Year Investment Trends
Transition VC has invested in 23 companies over the last 5 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 8 investments, while as of Aug 2026, it has made 13 investments in this year. Its most recent first time investment was in Olix and most recent follow-on round was in Matel.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 9 | 4 | 13 |
2025 | 7 | 1 | 8 |
2024 | 3 | 1 | 4 |
2023 | 2 | 0 | 2 |
2022 | 0 | 0 | 0 |
2021 | 2 | 0 | 2 |
Transition VC's Investments by Stage
Transition VC has made 16 investments in Seed stage with an average round size of $1.93M, 4 investments in Series A stage with an average round size of $8.61M, 2 investments in Conventional Debt stage and 1 investment in Series B stage with an average round size of $312M.Stage of entry | No. of Investments |
|---|---|
Seed | 16 |
Series A | 4 |
Conventional Debt | 2 |
Series B | 1 |
Note: We have considered here, only first round of investments
Transition VC's Investments by Sector
Transition VC has a diverse portfolio, with companies operating in the Environment Tech, Sustainability Tech, Energy Tech, High Tech and Enterprise Applications. Notably, it has invested in 21 Enterprise (B2B) companies, 21 Tech companies, 12 Software companies and at least 11 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Environment Tech | 15 |
Sustainability Tech | 15 |
Energy Tech | 11 |
High Tech | 11 |
Enterprise Applications | 8 |
Others | 29 |
Note: We have considered here, only first round of investments
Transition VC's Investments by Geography
Transition VC has made most investments in India (18), followed by Singapore where it has made 2 investments.Country | No. of Investments |
|---|---|
India | 18 |
Singapore | 2 |
United States | 2 |
Note: We have considered here, only first round of investments
Transition VC's recent investments
Transition VC has made 13 investments in 2026 so far. Matel and Olix are the latest among them.Here are the most recent investments by Transition VC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 03, 2026 | India | Series B | 6378 | [+3] | |
Aug 03, 2026 | United States | Series B | 6376 | [+8] | |
Jul 30, 2026 | India | Seed | 9321 | ||
Jul 01, 2026 | India | Seed | 5563 | - | |
Jun 15, 2026 | - | Series A | 2756 | [+9] |
Team profile of Transition VC
Transition VC has a team of 23 members including 4 Partners and 4 Principals located in India. Transition VC's team does not sit on the board of any company as of now.Here is a list of top team members in Transition VC:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | - | ||
Partner | Bengaluru | - | ||
Partner | Pune | - | ||
Partner | Bengaluru | - | ||
Principal | Delhi | - | ||
Principal | Bengaluru | - | ||
Principal | Bengaluru | - | - | |
Principal | Delhi | - | - |
Co-investors of Transition VC
Over the past 5 years, 479 investors have co-invested in Transition VC's portfolio companies. This includes funds and angels.
- Invested before Transition VC: Sat Industries, iCreate and 311 others have invested in rounds before Transition VC. There are 2 companies where Sat Industries has invested before Transition VC and 2 companies where iCreate has invested before Transition VC.
- Top Co-investors of Transition VC: 73 investors entered a company along with Transition VC. These include investors like Gruhas (2 companies).
- Invested after Transition VC: A total of 93 investors have invested in Transition VC's portfolio after their investments. Top Investors include Subhkam Ventures (1 company), Khubi Writer (1 company) and B C K H Investment (1 company).
Recent News related to Transition VC
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Indian Drone Startup SUIND Raises Rs 20.5 Cr Seed FundingIncubees•Aug 04, 2026•SUIND, IIMA Ventures, Transition VC
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Matel raises Rs 130 crore in funding to scale manufacturing and EV powertrain businessIndian Startup News•Aug 03, 2026•Catamaran, Transition VC
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EMO Energy Valuation Jumps 4.3X After ₹59 Crore FundingBharat Fast•Jun 20, 2026•Emo Energy, Raghav Capital, Transition VC
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Podium Automation Raises $18M Series A to Modernize Industrial AutomationMann Publications•Jun 15, 2026•Podium Automation, Construct Capital, Sunflower Capital, Banter Capital and 9 others
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Endra Raises $50M in Series A FundingFinSMEs•Jun 02, 2026•Endra, Norrsken VC, Andreessen Horowitz, Podium Automation and 4 others
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Invisix Raises €20M Seed Round to Advance Soft X-Ray Semiconductor MetrologyMetrology News•Jun 02, 2026•Doosan Investments, Transition VC, Hitachi Ventures, imec.xpand
