India’s First and
Most Successful
Mobility Fund
AdvantEdge backs exceptional founders and innovative companies across consumer sectors with a focus on mobility, EVs and Energy.
Companies
AdvantEdge backs exceptional founders and innovative companies across consumer sectors with a focus on mobility.
Rapido was founded in 2015 by Pavan Guntupalli, Rishikesh SR, and Aravind Sanka as theKarrier - an intra-city logistics aggregator.
We worked with the company as they pivoted to a bike-taxi marketplace, and partnered with them in 2016 as lead investors in their seed round.
Rapido has since emerged as the largest player in the Bike Taxi segment, ahead of Uber and Ola combined. The service is available in over 100 cities across India.
Other Investors: Westbridge Capital, Swiggy, Nexus Venture Partners, Shell, Hero Family Office
Chalo was founded in 2015 by Mohit Dubey, Nikhil Agarwal, and Vinayak Bhavnani as ZopHop.
We partnered with the company in 2017 as the company changed it’s name to Chalo.
Chalo is now India’s #1 bus transport technology company.
Other Investors: Waterbridge Ventures, Venture Highway, Avataar
Zingbus was founded in 2019 by Prashant Kumar, Ravi Verma, and Mratunjay Singh.
We lead Zingbus’ first round of funding in 2019 after working closely with the team to identify the most capital efficient GTM to become a category leader.
Zingbus is now India’s leading inter-city bus platform, covering over 500 cities in 18+ states across India, with a fleet of more than 350 buses.
Other Investors: Y Combinator, InfoEdge Ventures
Park+ was founded in 2019 by Amit Lakhotia.
We partnered with the company in Oct ‘21.
Park+ is India’s largest parking technology company, servicing 6 million cars, and 200K parking locations across India.
Other Investors: Peak XV (Sequoia), Matrix Partners, Epiq Capital
Exponent Energy was founded in 2021 by Arun Vinayak and Sanjay Byalal.
We partnered with the team and invested in their first funding round in 2021.
Exponent operates the world’s fastest commercially deployed rapid-charging platform, charging commercial 3W vehicles in 15 minutes.
Other Investors: Lightspeed, YourNest, 3one4 Capital
Baaz was founded in 2019 by Anubhav Sharma, Shubham Srivastava, Karan Singla, and Abhijeet Saxena - a team of IIT Delhi students who worked on Formula-E race cars.
Since it’s inception, the team was mentored by Ashish from our fund, who helped the team build a commercially viable platform of low-speed EVs for fleet use-cases.
AdvantEdge lead the first round of funding in the company in 2019.
Baaz now operates a full-stack platform of electric scooters and battery swap stations for gig delivery workers.
Other Investors: Kalaari, 9 Unicorns
Grip was founded in 2020 by Nikhil Aggarwal, Aashish Jindal, and Vivek Gulati - who were formerly building Chalo (we partnered with them in 2017)
We partnered with Grip in 2021.
Grip is India’s leading alternate investment platform, with USD 90M+ of investments enabled, and a community of 250K+ investors.
Other Investors: Venture Highway, Endiya, Stride Venture, Nueva LC
.png)
Zeno, founded in 2022 by Tesla alumnus Michael Spencer, is a transformative energy and electric mobility company focused on emerging markets like East Africa and India.
Advantedge partnered with the company in 2024 during their initial funding round
The company is building a comprehensive battery-as-a-service (BaaS) ecosystem, integrating swappable battery technology with electric vehicles to address challenges such as unreliable energy, expensive fuel, and high upfront costs of electric mobility.
Thesis
Mobility is the common thread across India's frontier technologies.
A drone resupplying a forward post, a robot hauling stock across a warehouse, a rocket lifting a satellite to orbit and an electric three-wheeler working a full shift all solve the same problem: moving people, goods, energy or machines faster, cheaper, safer and more reliably.
The electric vehicle is where India first rewrote the economics of that problem at scale.
AdvantEdge's Investment ThesisInvestorpreneurs
Everyone at AdvantEdge is a former founder. We have built companies, scaled them, sold them, and failed. We understand an entrepreneur's journey as we have lived through it, and we hope to support our founders with the learnings we've had.
Meet the InvestorpreneursInsights
Funding
As an early-stage venture capital fund, we typically invest up to $1M in the first institutional funding round of a company, helping our startups scale and raise follow-on rounds.
We look for strong, balanced founding teams working on a compelling value proposition, who are able to demonstrate product-market fit, customer traction and revenue visibility.
Apply for Funding
The AdvantEdge
Mobility Report
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Download Report
The AdvantEdge
Mobility Meet-up
An invitation-only gathering of India's top Mobility Founders and upcoming disruptive companies redefining how India Moves. The evening is attended by leading Investors passionate about moving people and goods with a common goal of Transforming India.
Apply to Attend