Micelio Technology Fund is an early-stage venture capital entity focused on catalyzing innovation in clean mobility. Founded by Shreyas Shibulal in 2019, this Bengaluru-based fund aims to bolster sustainable transport tech startups specializing in electric vehicles (EVs), energy management, and related infrastructure. Micelio, through its focused investments, endeavors to promote the transition from traditional internal combustion engines to advanced electric mobility solutions, with a corpus fund of USD 20 million.
In the past couple of years, Micelio Technology Fund has made significant strides in enhancing its investment portfolio, highlighting commitment to pioneering sustainable transport solutions.
Attribute | Information |
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Founding Date | 2019 |
Headquarters | Bengaluru, Karnataka, India |
Founder | Shreyas Shibulal |
Corpus Fund | USD 20 million |
Key Investor Focus | Clean Mobility |
Industry | Venture Capital |
Number of Employees | 11-50 |
Micelio Technology Fund was established by Shreyas Shibulal in 2019 with a primary vision to revolutionize the clean mobility sector. Understanding the need for a cleaner and more sustainable means of transportation, Shibulal, an advocate for sustainable technology and a trained engineer, aimed to create a financial vehicle to back innovative startups in the EV space. From its inception, the fund set out to invest in disruptive technologies and nascent companies that could pave the way for a sustainable future in India and beyond. Micelio's initial focus lay in seed and early-stage investments, targeting companies that innovate in electric drivetrain technologies and EV infrastructure, as well as special-purpose electric vehicles.
Micelio Technology Fund, under Shibulal's leadership, has achieved commendable milestones through its strategic investments.
Micelio Technology Fund operates within a niche in the venture capital domain focusing predominantly on early-stage clean mobility investment. It aims to offer substantial capital to startups pioneering electric vehicles and clean energy innovations. By consistently investing in sustainable and scalable solutions, Micelio maintains a pivotal role in strengthening India’s transition towards green mobility. The fund’s strategic market position allows it to collaborate with governmental programs and global stakeholders to align industry growth with sustainable development goals.
Micelio Ventures acts as an incubator and accelerator within the ecosystem, propelling innovative startups through crucial stages of growth. With a robust mentorship framework and access to pivotal resources, Micelio Ventures enhances startups' ability to innovate, test, and scale electric vehicle solutions effectively.
The Micelio Discovery Studio is a key vertical offering startups the facilities to prototype and validate their products. This includes technical guidance and design testing, aimed at lowering barriers for entry into the competitive clean mobility market by ensuring high standards of safety and performance in EV components and systems.
Micelio Technology Fund stands at the forefront of India’s clean mobility revolution, significantly influencing the electric vehicle ecosystem through strategic investments and partnerships. By fostering startups, from those building electric tractors to those designing flying taxis, Micelio underscores a steadfast commitment to transforming the transportation landscape. Its continuous investment in early-stage clean mobility projects signifies an accelerating trajectory toward global mobility solutions that are clean, efficient, and innovative. As the demand for sustainable solutions surges, Micelio Technology Fund is well-poised to enhance its impact in both Indian and global markets.