Micelio Technology Fund
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Overview
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.
Recent Developments
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.
- January 2025: Co-led a USD 2.2 million seed funding in Bengaluru-based electric tractor startup, Moonrider, alongside AdvantEdge Founders. This investment aims to improve vehicle engineering, software development, and battery technology for more affordable and sustainable farming solutions Economic Times Business Standard.
- November 2024: Participated in further funding rounds such as the ePlane Company which raised USD 14 million to support electric vertical take-off and landing vehicles development, showcasing Micelio's commitment to diversifying its investments across the clean tech mobility spectrum Tice News Economic Times.
- May 2024: Participated in a USD 3 million funding round for NoPo Nanotechnologies, focusing on scaling production and advancing engineering capabilities of SWCNTs used in various high-tech applications including EV battery technology Business Standard.
- January 2022: Micelio significantly invested in expanding Oorja's market reach after a successful USD 1.5 million funding round. Oorja, a deep-tech startup, supports better battery designs for automotive applications Financial Express.
Company Information
| Attribute | Information |
|---|---|
| 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 |
Early History
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.
Company Profile and Achievements
Micelio Technology Fund, under Shibulal's leadership, has achieved commendable milestones through its strategic investments.
- Promoting Clean Energy: As India's first venture capital fund dedicated to clean mobility, Micelio focuses on seed and early-stage investments in startups pushing the envelope in EV technologies, charging infrastructure, and energy management.
- Significant Portfolio Growth: The fund has invested in notable startups such as Moonrider, Oorja Energy, and the ePlane Company, scouting startups in various clean mobility aspects ensuring diversity in technology and market application.
- Advocating for Sustainable Practices: Micelio supports the ecosystem via events like the Micelio Clean Mobility Summit, fostering dialogue and collaboration.
- Strategic Collaborations: Micelio leverages collaborations, evident by partnerships in initiatives like the Discovery Studio, which help proliferate startup growth by offering testing and development facilities.
Current Operations and Market Position
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
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.
Micelio Discovery Studio
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.
Conclusion
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.