Participated · Debt Financing · Mar 2026

Founded in 2022 by former Tesla executive Michael Spencer, Zeno offers a vertically integrated solution that combines battery swapping stations, public fast chargers, home charging, a cloud-based operating system, and its Emara electric motorcycle. The company has already deployed more than 150 charge-point locations and operates in four East African cities, serving close to 1,000 motorbike and energy-subscription customers. Its technology claims to cut operating costs by 50% versus internal-combustion alternatives, and over 25,000 retail and fleet customers are on its waitlist. Zeno has completed development of three charging products, a proprietary battery system, and its first vehicle model. With offices in San Francisco, Nairobi, and Bangalore, the team includes alumni from Tesla, Ather, Zoom, and Ola Electric. New capital will be used to scale the charging network and ramp up Emara motorcycle production. Before the current round, the company had secured $9.5 million in seed funding led by Lowercarbon Capital.

Participated · Equity · Oct 2025

Ridepanda operates an e-bikes-as-an-employee-benefit platform that enables companies to subsidize electric bike and scooter subscriptions for their workforce. Founded in 2020 by Chinmay Malaviya and Charlie Depman, the company targets enterprise customers seeking to boost wellness, retention, and ESG performance. Employees access a curated fleet of e-bikes and scooters through monthly subscriptions, while employers track impact metrics such as reduced single-occupancy car trips. Ridepanda more than doubled its business in 2025 and now serves high-profile organizations including Amazon, Google, Goodwin Law, and the County of San Mateo. The platform positions the firm as a U.S. leader in micromobility benefits. With fresh capital, management plans to expand its enterprise sales team, speed product development, and further scale the service. No specific revenue or user figures were disclosed, but the rapid growth and marquee client list highlight strong commercial traction.