# Neev Fund

> Neev Fund is a VC fund in Mumbai backing Energy and Renewable Energy. See 8 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 8
- Last investment: Dec 2025
- Lead investor: 88%
- Last updated: Aug 2026
- Website: https://sbicapventures.com/neev_fund/

Neev Fund is a VC fund in Mumbai focused on Energy and Renewable Energy. Neev Fund is the outcome of a partnership between State Bank of India and UK’s Department for International Development (DFID). Neev fund is an Infrastructure private equity fund focused on creating sustainable development.Neev Fund has been established as a contributory trust in 2014, by its settlor (i.e. SBICAP Ventures Limited) and its trustee(i.e. SBICAP Trustee Company Limited) (“Trustee”). The Fund is registered with the Securities and Exchange Board of India (“SEBI”) as a Category I Alternative Investment Fund – Infrastructure Fund (“Category I Infra AIF”) under the provisions of the SEBI (Alternative Investment Fund) Regulations, 2012 (“AIF Regulations”) The sponsor and investment manager of the Fund is SBICAP Ventures Limited (“Client” or “Investment Manager”).

## Contacts

5 contacts available for Neev Fund. Shizune tracks 1 team members at Neev Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/neev-fund?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 2 | 25% |
| Renewable Energy | 2 | 25% |
| Farming | 1 | 13% |
| CleanTech | 1 | 13% |
| Logistics | 1 | 13% |

11 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 4 | 50% |
| Seed | 1 | 13% |
| Series D | 1 | 13% |
| Venture - Series Unknown | 1 | 13% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ambalika Banerji | CEO | 1 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Smart Joules | Smart Joules is an energy management company. | $10M | Series B | Dec 10, 2025 |  |
| Nutrifresh | Nutrifresh is an agritech startup focusing on hydroponically-grown produce. |  | Seed | Jul 31, 2023 |  |
| Hygenco | Hygenco develops and deploys scaled-up commercially attractive Green Hydrogen and Green Ammonia production assets. | $25.2M | Venture - Series Unknown | Oct 31, 2022 |  |
| GPS Renewables | Green Power seeks to solve the urban waste problem by utilising local technologies and business models. In India, 25% of the 75,000 tonnes of biodegradable waste produced comes from mass kitchens in tier I cities. This market, which is estimated at USD 3 bn, is the market that Green Power Systems focuses on. Green Power Systems has developed awaste-to-energy reactor called BioUrja (pending patent), a highly compact design producing 7 kg worth of LPG for every 100 kg bio-waste. Green Power Systems have also developed a GPS shredder, designed specifically for wet waste and GPS dewatering systems, separating solids from mixtures. | $20M | Series B | Mar 16, 2022 |  |
| GPS Renewables | Green Power seeks to solve the urban waste problem by utilising local technologies and business models. In India, 25% of the 75,000 tonnes of biodegradable waste produced comes from mass kitchens in tier I cities. This market, which is estimated at USD 3 bn, is the market that Green Power Systems focuses on. Green Power Systems has developed awaste-to-energy reactor called BioUrja (pending patent), a highly compact design producing 7 kg worth of LPG for every 100 kg bio-waste. Green Power Systems have also developed a GPS shredder, designed specifically for wet waste and GPS dewatering systems, separating solids from mixtures. | $20M | Series B | Mar 16, 2022 |  |
| Chakr Innovation | Chakr Innovation is a material science startup that develops cleantech products for diesel generators that reduce emissions. Its devices use advanced retrofit emission control technology and IoT-enabled monitoring systems to convert diesel pollution into cleaner air and make energy production sustainable and environmentally friendly. It also allowsindustries to focus on material science technology specifically geared toward air quality enhancement. |  | Series B | Nov 22, 2021 |  |
| Leap India Food & Logistics | Leap India Food Logistics is an agricultural warehousing and logistics company. | $23M | Series B | Feb 06, 2020 |  |
| Milk Mantra | Milk Mantra is a startup that procures, packages, sells and delivers milk and other dairy products. Milk Mantra works directly with farmers, tests and processes the milk, and then sells it through more than 10,000 mom-and-pop stores in several cities in Odisha, said Misra. | $10M | Series D | Jan 16, 2017 |  |

8 of 8 investments shown.

## Co-investors
- SBICAP Ventures — VC Fund, 4 deals together
- [Caspian Impact Investments](https://shizune.co/investors/profile/caspian-impact-investments) — VC Fund, 2 deals together
- [Triodos Investment Management](https://shizune.co/investors/profile/hivos-triodos-fund) — VC Fund, 2 deals together
- [Aavishkaar Venture Capital](https://shizune.co/investors/profile/aavishkaar-goodwell) — VC Fund, 1 deal together
- [Eight Roads Ventures](https://shizune.co/investors/profile/eight-roads-ventures) — VC Fund, 1 deal together
- SDG Invest — VC Fund, 1 deal together

## Similar investors

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- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does Neev Fund invest in?

Neev Fund invests primarily in Energy, Renewable Energy and Farming startups, most often at Series B and Seed stage. Most of the 8 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Neev Fund?

Public channels for Neev Fund include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Neev Fund?

The team at Neev Fund includes Ambalika Banerji (CEO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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