The Venture Codex

Participated · Seed · Jul 2026

Milo Drive builds an asset-light, technology-led EV mobility platform that aggregates demand across ride-hailing, corporate travel, airport transfers, rentals and other mobility channels. The platform uses data intelligence and machine-learning-led ride assignment to improve vehicle utilisation, driver earnings and service reliability. Founded by Monil Jayeshkumar Khatri and Vishal Jewrajka, the company has powered more than one million rides to date. Milo Drive positions itself as the supply layer to make it economically viable for individual drivers and small operators to own and run electric vehicles. Coverage highlights a broader market opportunity as EV penetration in Indian cab fleets is under 5 percent and industry projections forecast rapid growth through 2030. The company is pursuing expansion of its technology-enabled EV supply in India's ride-hailing ecosystem.

Led · Equity · Apr 2026

RoshAi builds an autonomy platform composed of retrofit vehicle hardware, an in-vehicle autonomy operating system, and a cloud-based fleet management platform. The company follows an "Android-for-autonomy" model, licensing its AI software stack to OEMs and fleet operators while supplying retrofit kits for existing vehicles. Its solutions target commercial vehicles operating in confined sites such as seaports, mining sites, airports, and industrial yards to improve safety, uptime, and unit economics. RoshAi reports early validation through partnerships with Tier 1 OEMs, repeat customer engagements, and technology tested over 100,000 km with zero safety incidents, backed by a growing patent portfolio. The startup competes with companies like Phantom, Black Sesame Technologies, and Aptiv. RoshAi plans to use the newly raised funds to strengthen product development, expand deployments, and scale across global industrial markets.

Participated · Equity · Apr 2026

WorkOnGrid provides an integrated operations intelligence platform for utilities across power, water, and gas, combining a data lakehouse, operational intelligence, workflow automation, and AI-driven analytics. Its platform integrates data from smart meters, sensors, GIS, and financial systems into a single queryable environment to deliver sub-second insights and automated workflows. The company serves global utility providers via a SaaS model and a scalable deployment architecture and claims to work with over 20 utilities worldwide while managing data from millions of smart meters. WorkOnGrid aims to move utilities from reactive operations to predictive and increasingly autonomous decision-making. With the latest funding, the company plans to scale global go-to-market activities, bolster its AI/ML capabilities, and build international infrastructure.

Led · Seed · Mar 2026

Founded in 2020 and based in Mumbai, Rymo Technologies builds multi-joint robotic neuro-rehabilitation systems integrated with virtual reality and AI-driven therapy personalization. Its flagship product, the Mobi-L system, combines patented hardware architecture, proprietary algorithms trained on patient data, and a modular design. Rymo reports more than 452 device installations and 354 clinical customers, including AIIMS, Apollo Hospitals, and Manipal Hospitals. The company says its systems have supported over 7,500 patients and delivered more than 15,000 therapy hours. Internal studies cited by the company indicate up to 25% faster recovery outcomes. The recent Rs 10 crore seed raise will fund product innovation, expanded manufacturing, and geographic expansion into ASEAN and the Middle East.

Led · Equity · Jan 2026

Founded in 2019, Chargeup operates a data-driven platform that links EV drivers, non-banking financial companies and service partners to lower financing costs and reduce vehicle downtime. The company targets India’s last-mile electric three-wheeler segment, where many drivers earn under ₹800 per day because of high EMIs, battery replacements and maintenance. Chargeup provides loan security, battery subscription and asset-efficiency tools that help drivers run more hours and earn more income. The platform has already onboarded over 10,000 EV drivers and plans to add 20,000 more by FY27, progressing toward its “Mission Million” goal of empowering one million drivers. Management pegs the addressable market at roughly $12 billion as electric three-wheelers gain traction in logistics and passenger mobility. Newly raised capital will be channelled into expanding to additional high-demand markets, enhancing the technology stack and scaling operational infrastructure. While specific revenue figures were not disclosed, the company positions itself as a high-growth, profitable business focused on sustainable mobility and financial inclusion.