Transition VC, a venture capital fund focused on energy transition, has partnered with the Kerala Startup Mission (KSUM) to boost the growth of startups in clean energy and decarbonization. The Kerala government, through KSUM, has also invested Rs 15 crore in Transition VC to support this initiative.
This collaboration will provide financial support, strategic advice, and access to industry experts from Transition VC to local and national deep-tech energy transition startups. According to a press release, the partnership will empower these startups to grow faster.
Kerala’s government is pushing for an energy transition to become a 100% renewable energy-based state by 2040 and reach net carbon neutrality by 2050. The state has built strong support systems, including Maker Village, fab labs, IoT labs, and MSME clusters, offering advanced resources to energy transition startups.
By tapping into Kerala’s institutional connections with research hubs, this partnership will help scale deep-tech businesses. It also aims to use Kerala’s tropical climate and coastline for hydrogen production and increase investments in energy transition sectors, such as drone technology and marine electrification. This initiative will aid industries shifting towards net-zero emissions, moving Kerala towards a greener, more sustainable future.
Founded by Raiyaan Shingati and Mohammed Shoeb Ali, Transition VC is dedicated to reducing 40 million tons of carbon emissions by investing in innovative technologies while delivering financial returns to its limited partners (LPs). KSUM, as the state’s nodal agency, leads entrepreneurship development and startup incubation efforts in Kerala.
“This INR 15 crore investment is a major step towards accelerating Kerala’s energy transition. We are confident that this collaboration will drive innovation and position Kerala as a leader in renewable energy adoption,” said Raiyaan Shingati, Co-founder and Managing Partner of Transition VC.