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 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

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.

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