Mahanagar Gas
MGL House, Block No. G-33, Bandra-Kurla Complex, Mumbai, Maharashtra, 400051, India
Overview
Mahanagar Gas is a natural gas distribution company.It is a pioneering initiative to bring clean, safe efficient and affordable Piped Natural Gas, direct to over 6,00,000 homes in Mumbai. Presently MGL has connected to more than 3,91,247 households in Mumbai. The MGL project, which started in 1995 from Chembur has covered major parts of Mumbai through its distribution network i.e. from Dadar to Mira Road and from Sion to Mulund. MGL has already started work in South Mumbai areas like Prabhadevi, Worli, Colaba etc. From Cooking stoves to geysers and air-conditioners, this versatile gas has today become the preferred choice for the residents of Mumbai.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 1
- Active investors
- 6
Sector focus
- Energy
- Oil and Gas
Investment portfolio
- 3EV Industries
Led · Series A · Nov 2025
Founded in 2019 by Peter Hartmut and CG Krishna Bhupathi, 3ev Industries manufactures electric three-wheelers aimed at India’s last-mile and urban transport sectors. Its offering combines vehicle manufacturing with financing, Battery-as-a-Service (BaaS), and aftermarket support to simplify EV adoption. The company is developing a 3C division—charging, care, and conversions—and is advancing R&D in regenerative braking, advanced materials, and solar-enabled cold-chain EV technology. Recent traction shows vehicle sales nearly doubling from 438 units in FY24 to a projected 834 units in FY25, while revenue is expected to jump from Rs 17.8 crore to Rs 54.7 crore in the same period, with a target of Rs 65 crore and positive EBITDA by FY26. Capital from the latest round will expand manufacturing capacity and deepen supply-chain integration. Operating in a market forecast to reach $18.7 billion by 2035 with 60% three-wheeler EV penetration, 3ev positions itself as a full-stack urban mobility player.