Transition VC, a venture capital fund dedicated to energy transition, has forged a strategic partnership with the Kerala Startup Mission (KSUM) to boost the growth of startups focused on clean energy and decarbonisation. The Kerala State Government, through KSUM, has also invested ₹15 crore in Transition VC to achieve Kerala’s goal of achieving 100% renewable energy by 2040 and net carbon neutrality by 2050.
The partnership with Transition VC will provide both financial backing and mentorship to deep-tech startups working on energy transition solutions. These startups will also gain access to global networks and expertise through Transition VC, boosting their growth and innovation in the energy sector.
Kerala has been actively working towards enhancing its sustainability efforts. Notable initiatives include the development of hydrogen valley projects in Kochi and Thiruvananthapuram, alongside plans to expand solar and wind energy projects. These efforts align with Transition VC’s mission to reduce 40 million tonnes of carbon emissions through targeted investments in the energy transition space.
Raiyaan Shingati, Co-founder and Managing Partner, Transition VC, said, “This INR 15 crore investment is a significant step towards accelerating the energy transition in Kerala. Together, we aim to create sustainable energy solutions, drive innovation, and pave the way for a cleaner and greener future for the state. With this partnership, we are confident that Kerala can become a model for renewable energy adoption and inspire similar efforts across the nation.”
Anoop P Ambika, CEO of KSUM, emphasised the importance of the partnership, stating, “This is a significant step towards achieving the state’s sustainability goals. The investment in Transition VC aligns with Kerala’s commitment to sustainability, particularly in energy independence.”
Transition VC, founded by Shingati and Mohammed Shoeb Ali, has set an ambitious target of offsetting 40 million tons of carbon emissions through investments in breakthrough technologies while delivering financial returns for its limited partners. The Kerala Startup Mission serves as the nodal agency for entrepreneurship development and incubation in the state, reinforcing its commitment to fostering innovation and sustainability.
