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
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
Moonrider was co-founded by Anoop Srikantaswamy (Co-Founder & CEO) and Ravi Kulkarni (Co-Founder & COO) in August 2023.
The Bengaluru-based company focuses on developing heavy-duty electric tractors that are cost-effective, sustainable, and designed to enhance farming efficiency. By achieving price parity with diesel tractors, Moonrider aims to empower farmers with zero-emission solutions while significantly reducing operational costs.
We partnered with the company in 2024 during their first funding round.
Co-Investors: Micelio Technology Fund
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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.
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
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
Astranova (formerly Electrifi) was founded in 2023 by Kunal Mundhra and Nikhil Aggarwal
We partnered with the company in 2023 during their first round of funding
Astranova is an EV lease financing company
Co-Investors: ADB 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
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
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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