Blume Ventures

Blume Venture Advisors Pvt. Ltd. is a Mumbai-based venture capital firm established in 2010, specializing in early-stage investments in technology-focused startups across various sectors. The firm primarily targets seed to pre-Series A funding rounds, investing between $0.05 million and $0.3 million, with the capacity to double this amount through co-investments. Blume Ventures focuses on a diverse range of sectors including fintech, biotechnology, consumer internet, e-commerce, and deep tech, among others. It aims to be the first institutional investor in its portfolio companies and typically maintains a minority stake. The firm emphasizes a collaborative investment approach, often co-investing with angel investors and other venture capital firms, while also providing ongoing support and mentorship to its startups. Follow-on investments range from $0.5 million to $1.5 million, reflecting the firm's commitment to nurturing its portfolio over an investment horizon of 8 to 10 years.

Arpit Agarwal

Partner, Investment and Director

Akhilesh Agarwal

Associate Vice President

Apurva Dixit

Associate Vice President

Ashish Fafadia

Partner

Vikram Gawande

Vice President

Marmik Mankodi

Associate Vice President

Venkatesh Modi

Associate

Mudit Narain

Vice President

Sanjay Nath

Co-Founder and Managing Partner

Sajith Pai

Director

Karthik Reddy

Co-Founder and Partner

Joseph Sebastian

Associate Vice President

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.

Flo Mobility

Seed Round in 2021
Flo Mobility builds an autonomous technology for electric two-wheelers vehicles. Flo Mobility was founded in 2018 and was headquartered in Banglore, India.

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, founded in 2015 and headquartered in New Delhi, specializes in designing and manufacturing light electric commercial vehicles in India. The company primarily targets the e-commerce and logistics sectors, focusing on last-mile delivery solutions for fleet owners and third-party logistics (3PL) providers. By producing electric three-wheelers for intra-city goods transportation, Euler Motors aims to facilitate the shift to sustainable mobility in India. The vehicles are designed to offer lower maintenance costs and reduce overall fleet operating expenses. Euler Motors is committed to becoming a leader in the electric vehicle market, driving the adoption of green technology in cargo transport across the country.

Euler Motors

Series A in 2020
Euler Motors Private Limited, founded in 2015 and headquartered in New Delhi, specializes in designing and manufacturing light electric commercial vehicles in India. The company primarily targets the e-commerce and logistics sectors, focusing on last-mile delivery solutions for fleet owners and third-party logistics (3PL) providers. By producing electric three-wheelers for intra-city goods transportation, Euler Motors aims to facilitate the shift to sustainable mobility in India. The vehicles are designed to offer lower maintenance costs and reduce overall fleet operating expenses. Euler Motors is committed to becoming a leader in the electric vehicle market, driving the adoption of green technology in cargo transport across the country.

Euler Motors

Seed Round in 2019
Euler Motors Private Limited, founded in 2015 and headquartered in New Delhi, specializes in designing and manufacturing light electric commercial vehicles in India. The company primarily targets the e-commerce and logistics sectors, focusing on last-mile delivery solutions for fleet owners and third-party logistics (3PL) providers. By producing electric three-wheelers for intra-city goods transportation, Euler Motors aims to facilitate the shift to sustainable mobility in India. The vehicles are designed to offer lower maintenance costs and reduce overall fleet operating expenses. Euler Motors is committed to becoming a leader in the electric vehicle market, driving the adoption of green technology in cargo transport across the country.

Yulu

Seed Round in 2018
Yulu Bikes Pvt Ltd engages in bike rental business. Additionally the company develops Yulu App, a bike sharing system for Android and iOS devices. The company offers Yulu Miracle, a dockless electrical vehicle and Yulu Move, a smart lock enabled bicycle for rent. Yulu Bikes Pvt Ltd was incorporated in 2017 and is based in Bengaluru, India.
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