Participated · Series A · Feb 2023

ION Mobility combines hardware and software with human-centred design to deliver smart electric motorbikes and energy charging and storage solutions. Led by Founder and CEO James Chan, the company launched its M1-S electric scooter in Jakarta in November 2022. The M1-S launch coincided with a broad MOU with Indonesia’s national grid operator PLN to expand charging infrastructure and pursue fast-charging research and user outreach. ION says it will invest the new funds into Indonesia to grow its local team, sales and marketing presence, supply chain networks, production tooling and manufacturing capabilities. TVS Motor Company will provide ecosystem support to help ION succeed in the Singapore and Indonesian electric two-wheeler markets. Since 2020 the company has raised over US$25.5 million in total capital.

Participated · Series D · Apr 2022

Rapido is an urban mobility startup that operates a captain network to serve first- and last-mile transportation needs. The company recently secured a $240 million financing at a $3 billion valuation as part of a larger $730 million round. Rapido plans to use the new capital to expand into new markets and deepen presence in existing high-growth markets. It also intends to grow its captain base and expand earning opportunities for drivers. The company will invest in technology and people to support scale and operations. Rapido is prioritizing strengthening first- and last-mile connectivity as part of its growth strategy.

Led · Series C · Dec 2021

Ultraviolette Automotive develops and manufactures premium electric two-wheelers, led by its F77 electric sports bike and the newly launched X47 crossover. The company is now retailing in 30 Indian cities and aims to reach 100 cities by mid-2026, while international expansion has begun with sales of the F77 in the United Kingdom and 11 other European markets. Proceeds from its latest funding will also finance development of two upcoming platforms, codenamed Shockwave and Tesseract. Operationally, Ultraviolette sold about 1,168 vehicles in 2025. Revenue from operations more than doubled to INR 32.3 crore in FY25 (from INR 15 crore in FY24), though net loss widened to INR 116 crore from INR 61.6 crore over the same period. To date, the company has secured roughly $145 million in funding from backers such as TVS Motor Company, Mudhal Partners, Zoho Corporation, Lingotto, and TDK Ventures. It competes with electric two-wheeler makers including Tork Motors, Revolt Motors and Ola Electric’s Roadster.

Led · Equity · Aug 2019

Predictronics is a software and professional analytics services company that provides end-to-end predictive maintenance analytics solutions. Its offerings combine IIoT, Industrial AI, Big Data, Machine Learning and Predictive Analytics to remove uncertainty from industrial operations. The company delivers actionable information and predictions designed to improve process uptime, production planning, maintenance and product quality. Solutions are implemented by a team of experts who blend industrial domain knowledge with experience in designing, developing, deploying and integrating predictive analysis and monitoring software. Predictronics is led by Co-Founder & CEO Edzel Lapira. The company received a notable investment from an industrial investor in 2019.

Led · Series A · Jul 2019

Scienaptic AI provides an AI-driven credit underwriting platform that integrates diverse data sources, advanced machine‑learning algorithms, and risk and fair‑lending monitoring to improve underwriting accuracy and efficiency. The company was founded in 2014 and is led by founder & CEO Pankaj Kulshreshtha. Its platform is used by over 145 lenders and has processed more than $76 billion in applications, enabling millions of underserved individuals to access credit. Scienaptic emphasizes financial inclusion and offers credit origination and lifecycle management solutions designed to enhance member experience. The firm highlights over 200 years of combined credit risk expertise and a decade of technological innovation underpinning its product. Recent activity includes the formation of a Credit Union Service Organization (CUSO) to deepen partnerships with credit unions. Scienaptic Systems Inc. is a New York City–based company that offers Ether, an AI-powered decisioning platform. Ether brings together multiple internal and external customer-level data sources to build advanced predictive models that are compliant with regulatory requirements. Solutions built on Ether help enterprises improve risk and credit assessment, monitor evolving fraud patterns, and enhance customer journeys and experience. The company counts several Fortune 100 enterprises among its clients. Led by founder and CEO Pankaj Kulshreshtha, Scienaptic raised US$7m in a Series A led by TVS Motor (Singapore) Pte. Limited and plans to use the funds to accelerate sales and product development. The investment closing is subject to obtaining appropriate regulatory approvals.