Micelio

Micelio is a venture capital fund established in 2018 and based in Bangalore, India. The fund specializes in early-stage investments, focusing on startups within the clean mobility sector. Micelio targets innovative companies involved in the electric vehicle ecosystem, including those developing drivetrain technologies, charging infrastructure, energy management solutions, and specialized electric vehicles. By concentrating on the mobility technologies and cleantech sectors, Micelio aims to support exceptional startups in shaping the future of transportation in India.

Shreyas Shibulal

Founder and Director

18 past transactions

Moonrider

Seed Round in 2025
Moonrider is an electric tractor technology company focused on developing heavy-duty electric tractors designed to reduce farming costs and improve operational efficiency for farmers and fleet operators. With a focus on reliability and reduced upfront cost of ownership, Moonrider tractors enable sustainable farming practices with a mission to enhance farm profitability and productivity.

The ePlane Company

Series B in 2024
ePlane aims to tackle urban road traffic congestion by introducing innovative flying solutions. Their flagship product aims to provide a safe, sustainable, and affordable flying experience, contributing to a future of urban mobility that is efficient and eco-friendly.

ElectricPe

Seed Round in 2024
ElectricPe is an electric vehicle (EV) charging platform based in Bengaluru, Karnataka, India, that aims to provide accessible and sustainable electric mobility solutions for users across the country. Launched in 2021, ElectricPe collaborates with numerous independent charge point operators to ensure that EV users can easily find charging stations and have reliable access to charging services. The platform not only facilitates efficient charging but also offers additional features such as test drives, vehicle purchasing options, and a mobile application for users to manage their accounts and locate charging points conveniently. By promoting affordable and clean charging options, ElectricPe supports the transition to electric vehicles and aims to mitigate the environmental impact of traditional transportation methods.

NoPo Nanotechnologies

Seed Round in 2024
NoPo Nanotechnologies focuses on making space exploration more accessible by developing and manufacturing single-walled carbon nanotubes, which are ideal for spacecraft construction. These nanotubes are designed to reduce mass fraction, enabling increased payload capacities and enhancing safety during space missions. The company utilizes its proprietary NoPo HiPCO technology, which processes carbon monoxide under high pressure and temperature, to produce these high-strength, lightweight materials consistently and at scale. Through its innovative approach, NoPo aims to support humanity's aspirations of becoming a space-faring species.

Newtrace

Seed Round in 2023
Newtrace specializes in the development of innovative electrolyzer technology aimed at producing green hydrogen in a commercially viable and scalable manner. The company's advanced electrolyzer management system consolidates data from various plant equipment into a unified automated platform. This integration allows clients to efficiently generate green hydrogen at a competitive cost, supporting the transition to sustainable energy solutions.

RACEnergy

Debt Financing in 2023
RACEnergy is a manufacturer focused on electric vehicle powertrains and battery swapping stations, designed to enhance mobility with clean and efficient technologies. Their powertrains deliver greater power and torque compared to traditional options. The battery swapping stations enable vehicles to be refueled in under two minutes, providing a swift solution for clients and fleet operators. This innovation not only helps in reducing operational costs but also contributes to lower emissions, making it a significant player in the transition to sustainable transportation.

RACEnergy

Seed Round in 2023
RACEnergy is a manufacturer focused on electric vehicle powertrains and battery swapping stations, designed to enhance mobility with clean and efficient technologies. Their powertrains deliver greater power and torque compared to traditional options. The battery swapping stations enable vehicles to be refueled in under two minutes, providing a swift solution for clients and fleet operators. This innovation not only helps in reducing operational costs but also contributes to lower emissions, making it a significant player in the transition to sustainable transportation.

ElectricPe

Seed Round in 2023
ElectricPe is an electric vehicle (EV) charging platform based in Bengaluru, Karnataka, India, that aims to provide accessible and sustainable electric mobility solutions for users across the country. Launched in 2021, ElectricPe collaborates with numerous independent charge point operators to ensure that EV users can easily find charging stations and have reliable access to charging services. The platform not only facilitates efficient charging but also offers additional features such as test drives, vehicle purchasing options, and a mobile application for users to manage their accounts and locate charging points conveniently. By promoting affordable and clean charging options, ElectricPe supports the transition to electric vehicles and aims to mitigate the environmental impact of traditional transportation methods.

e-TRNL Energy

Pre Seed Round in 2022
e-TRNL Energy is focused on developing advanced battery cell technology that enhances the performance and longevity of lithium-ion batteries. The company has created a unique cell design and manufacturing approach that eliminates heating at the source, enabling faster charging capabilities without the risk of cell degradation. By using fewer power inputs and reducing internal resistance, e-TRNL Energy's innovations allow clients to achieve efficient fast charging while maintaining battery integrity. This breakthrough technology positions the company at the forefront of the energy storage industry, addressing the growing demand for reliable and high-performance battery solutions.

ElectricPe

Debt Financing in 2022
ElectricPe is an electric vehicle (EV) charging platform based in Bengaluru, Karnataka, India, that aims to provide accessible and sustainable electric mobility solutions for users across the country. Launched in 2021, ElectricPe collaborates with numerous independent charge point operators to ensure that EV users can easily find charging stations and have reliable access to charging services. The platform not only facilitates efficient charging but also offers additional features such as test drives, vehicle purchasing options, and a mobile application for users to manage their accounts and locate charging points conveniently. By promoting affordable and clean charging options, ElectricPe supports the transition to electric vehicles and aims to mitigate the environmental impact of traditional transportation methods.

Newtrace

Pre Seed Round in 2022
Newtrace specializes in the development of innovative electrolyzer technology aimed at producing green hydrogen in a commercially viable and scalable manner. The company's advanced electrolyzer management system consolidates data from various plant equipment into a unified automated platform. This integration allows clients to efficiently generate green hydrogen at a competitive cost, supporting the transition to sustainable energy solutions.

Eplane

Seed Round in 2022
Eplane builds and develops electric air transportation systems.

The ePlane Company

Seed Round in 2022
ePlane aims to tackle urban road traffic congestion by introducing innovative flying solutions. Their flagship product aims to provide a safe, sustainable, and affordable flying experience, contributing to a future of urban mobility that is efficient and eco-friendly.

Sheru

Seed Round in 2021
Sheru is a software platform focused on developing backend solutions for renewable energy networks. The company has created a virtual energy storage cloud that allows renewable power producers to store excess energy efficiently. By implementing bidirectional battery swapping stations, Sheru enables these stations to return power to the grid. This innovative approach aggregates idle batteries at the stations, providing renewable developers with on-demand energy storage options that operate on a pay-per-use model. Additionally, battery swapping operators can capitalize on the idle time of these batteries, enhancing the overall efficiency of energy storage and distribution in the renewable sector.

RACEnergy

Seed Round in 2021
RACEnergy is a manufacturer focused on electric vehicle powertrains and battery swapping stations, designed to enhance mobility with clean and efficient technologies. Their powertrains deliver greater power and torque compared to traditional options. The battery swapping stations enable vehicles to be refueled in under two minutes, providing a swift solution for clients and fleet operators. This innovation not only helps in reducing operational costs but also contributes to lower emissions, making it a significant player in the transition to sustainable transportation.

Cell Propulsion

Venture Round in 2020
Cell Propulsion is a fleet electrification company focused on the large-scale electrification of commercial vehicle fleets, including light commercial vehicles and heavy electric vehicles such as eBuses and eTrucks. The company develops autonomous electric mobility technology specifically for the heavy commercial vehicle segment. Its expertise includes electric motors, motor drives, lithium-ion battery packs, chargers, and operating software stacks. These innovations aim to create automated mobility facilities that enhance driving efficiency and improve theft protection for clients.

Cell Propulsion

Seed Round in 2019
Cell Propulsion is a fleet electrification company focused on the large-scale electrification of commercial vehicle fleets, including light commercial vehicles and heavy electric vehicles such as eBuses and eTrucks. The company develops autonomous electric mobility technology specifically for the heavy commercial vehicle segment. Its expertise includes electric motors, motor drives, lithium-ion battery packs, chargers, and operating software stacks. These innovations aim to create automated mobility facilities that enhance driving efficiency and improve theft protection for clients.
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