Blume Ventures

Blume Venture Advisors Pvt. Ltd., founded in 2010 and based in Mumbai, is a venture capital firm focused on early-stage investments in technology-driven startups across India. The firm primarily targets seed to pre-Series A funding rounds, often being the first institutional investor in its portfolio companies. Blume Ventures invests predominantly in technology sectors, including fintech, e-commerce, healthcare, and consumer internet, while also exploring opportunities in alternative technologies such as clean technology and robotics. Investment amounts typically range from $0.05 million to $0.3 million at the seed stage, with follow-on investments between $0.5 million and $1.5 million. The firm adopts a collaborative investment approach, often co-investing with angel investors and other venture funds, and provides ongoing support and mentorship to its portfolio companies, fostering their growth and development over an investment horizon of 8 to 10 years.

Arpit Agarwal

Partner, Investment & Director

Radhika Agarwal

Investment Professional

Anirvan Chowdhury

Investment Professional

Ashish Fafadia

Partner

Sanjay Nath

Co-Founder & Partner

Sajith Pai

Investment Team

Karthik Reddy

Managing Partner

Kartikeya Shekhar

Investment Professional

Past deals in Electric Vehicle

Battery Smart

Series A in 2022
Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.

Battery Smart

Seed Round in 2021
Battery Smart provides advanced Li-ion batteries to e-rickshaws. Battery Smart develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.

Ati Motors

Seed Round in 2021
Ati Motors is an all-electric autonomous industrial vehicle maker.

Euler Motors

Series A in 2021
Euler Motors Private Limited is an Indian automotive company that specializes in designing and manufacturing light electric commercial vehicles. Founded in 2015 and headquartered in New Delhi, the company primarily serves the e-commerce and logistics sectors, focusing on fleet owners. Euler Motors aims to lead the cargo transport market by facilitating the transition to electric vehicles in India, particularly addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By offering a comprehensive "mobility as a service" solution, Euler Motors seeks to promote mass-market adoption of electric vehicles and drive the electric vehicle revolution in the country.

Euler Motors

Series A in 2020
Euler Motors Private Limited is an Indian automotive company that specializes in designing and manufacturing light electric commercial vehicles. Founded in 2015 and headquartered in New Delhi, the company primarily serves the e-commerce and logistics sectors, focusing on fleet owners. Euler Motors aims to lead the cargo transport market by facilitating the transition to electric vehicles in India, particularly addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By offering a comprehensive "mobility as a service" solution, Euler Motors seeks to promote mass-market adoption of electric vehicles and drive the electric vehicle revolution in the country.

Euler Motors

Seed Round in 2019
Euler Motors Private Limited is an Indian automotive company that specializes in designing and manufacturing light electric commercial vehicles. Founded in 2015 and headquartered in New Delhi, the company primarily serves the e-commerce and logistics sectors, focusing on fleet owners. Euler Motors aims to lead the cargo transport market by facilitating the transition to electric vehicles in India, particularly addressing the challenges of last-mile logistics for e-commerce and third-party logistics providers. By offering a comprehensive "mobility as a service" solution, Euler Motors seeks to promote mass-market adoption of electric vehicles and drive the electric vehicle revolution in the country.