An early and long-term partner for gritty startups.

We aim to invest early in our target companies and leverage our experience, network and knowledge to help accelerate their journey. Nearly everyone at Momentum has been an entrepreneur and understands the hardships involved in creating meaningful impact.

Our Investments

Momentum Capital is highly bullish on the potential of climate tech startups globally. Our mission is to invest in energy, industrial, and resource transition innovation built for Global South scale. The following are the investments in the space we've made.

We believe there is a lot to be solved on access and efficiency in healthcare. We're also bullish about the potential of tech startups to use software and AI to achieve this. The following are the health tech investments we've made from Fund I.

Our global presence makes us natural partners of founders aspiring to break geographical boundaries and leap across oceans. We're big proponents of founders adopting cross border models to solve problems anywhere in the world. The following are our investments that are classified as cross-border plays.

Delhi, India

Mission: Distributed battery intelligence

Distributed energy systems with a software-intelligence layer for C&I. Behind-the-meter BESS to move commercial facilities away from diesel generators while making energy usage more flexible, predictable, and cost-efficient through a virtual power plant model.

Mudit has worked at the World Bank’s energy practice and Niti Aayog, with stints at IIMA Ventures, Blume VC, and the Principal Scientific Adviser to the Government of India. Abhijeet has experience in energy transition at PwC & Xynteo. The team has a great blend of policy, commercial, and strategic horsepower to help optimize India’s energy grid.

www.voltseal.in

Delhi, India

Mission: Make water systems efficient

AI-led water operations platform to transform monitoring and management of treatment plants. The solution combines smart hardware, a digital twin-based intelligence software, and on-ground operations to deliver real-time visibility, automate workflows, and optimize plant performance. This integrated approach enables facilities to recycle water efficiently, cut energy usage, and achieve consistent operational outcomes at scale.

Mansi has studied environmental economics at Stanford, while her father Rajesh, is an IIT Delhi engineer with decades of hands-on experience building and managing water assets.

www.digitalpaani.com

Bengaluru, India

Mission: Decarbonize power backups

Next-gen hydrogen fuel cell stacks that deliver high efficiency and durability at a significantly lower cost than existing competitors. Address the "duration-cost cliff" of batteries & reliability issues of diesel generators by providing zero-emission, resilient power for emergency backup and long-endurance drones.

David is a domain expert with three decades of experience and 20+ granted patents in fuel-cell ventures across the US, China, and SE Asia. He is supported by a team that leverages deep technical knowledge and a dual-geography strategy (make in India and sell in US) to disrupt the global fuel cells space.

www.protonas.tech

Bay Area, US

Mission: Transform biomanufacturing

Platform combining dogs' olfactory capabilities with a proprietary brain-computer interface and AI layer to detect cancer & other diseases early, and at scale. Using EEG/sensors, AI converts dogs' olfactory responses (brain waves, sniffs and body language) into digital data, enabling scalable, machine-readable scent detection.

Itamar is an ex-IDF Oketz Commander and first employee of an Israeli biomedical detection dog startup, with deep expertise in K9 special ops. Akash is a UC Berkeley Cognitive Science graduate who grew up in a family of 11 doctors and several dogs. He also holds a patent on Canine BCI (Brain-Computer Interface).

www.dognosis.tech

Bay Area, US

Mission: Transform biomanufacturing

Innovative biotech startup enabling precision control of gene expression & cellular processes with novel optogenetics (light-sensitive protein switches). Solving the high cost barrier to scaling in precision fermentation, delivering up to 3x productivity and 20x precursor yields compared to traditional induction methods.

Ke (Kevin) holds a PhD from Princeton in bio molecular engineering, and has background in consulting & VC. Saurabh is a fellow Princeton PhD, with expertise in equipment, scale-up & process development. The team has a perfect blend of experience to radically transform the economics of biomanufacturing.

www.fermeate.com

Delhi NCR, India

Mission: Replace steel in shipping

Cutting-edge composite materials with unmatched performance characteristics - strong, light & affordable. Also compressing manufacturing time from hours to minutes at industrial scale. Replacing mild steel & other industrial materials first in shipping, and next in automotive and infrastructure sectors.

Gagan and Prakhar are both rocket engineers from Indian Institute of Space Science and Technology, and have worked at ISRO, Airbus, and CapGemini. Their combined engineering and materials expertise, along with an expert sales team with years at automotive OEMs is poised to disrupt the industry.

www.planetmatlabs.com

Delhi NCR, India

Mission: Enable green aviation fuel

India's leading tech-led liquid logistics platform to aggregate used cooking oil (UCO). 100% traceability of UCO digitally in the supply chain. Efficient oil flow across warehousing, quality testing, pre-treatment & supply to customers: SAF manufacturers, biodiesel plants, traders, and lubricant producers.

Sushil spent 15+ years in supply chain, sales & BD at Nestlé, Cadbury, and Conagra. He wrote 17 RTIs pushing for UCO regulation. Kirti spent 10 years managing projects & procurement at ZTE & Knight Frank. This husband-wife duo has the complementary expertise to prevent UCO from being a health & environmental hazard.

www.ecoil.in

Bengaluru, India

Mission: Elevate elder care

AI-native care coordination platform designed to drive superior outcomes for senior care. AI-driven workflows to draft personalized care plans, monitor patient signals continuously, and automate documentation, enabling providers to run chronic and transitional care programs sustainably and without execution anxiety.

Chaitanya is ex-CMO of Cloudnine Hospitals & worked with Booz & Co. Krishna has experience with Cloudnine and Ola Electric. The leadership is augmented by Harsh and Prerna, with experience at Bain & Co. and HDFC Bank. The team combines medical rigor and enterprise-grade software development skills.

www.circle.healthcare

Bay Area, US

Mission: Energy efficiency for AI

Frontier tech stack to unlock decentralized, rapid and reliable power generation for data centers. Innovative integrated power & cooling systems, leading to 30-40% more power available for compute. Utilize exhaust waste heat from power to drive cooling via absorption chillers. Enabling data centers to maximize site profits and focus on running their business.

Ted and Bav are both Stanford MBA graduates, while David has a PhD in Chemistry from UC Berkeley. The stellar team is also a part of Breakthrough Energy Fellows. Together, they aim to power the industrial base sustainably and efficiently in the new AI world.

www.verne-power.com

New Delhi, India

Mission: Drive steel decarbonisation

Pioneering a veritcally-integrated platform & infra for native biomass-driven industrial decarbonization of steel and carbon dioxide removal (CDR). Using a tech suite including AI-powered biomass monitoring & precision-engineered biochar production through digitally controlled pyrolysis, and data infrastructure for reliable industrial decarbonisation.

Shubhankar is an IITB mechanical engineering and Stanford MBA grad. Aryaman, his younger brother, is also an IITB grad. Shaurya graduated from IIT Dhanbad. They lean on their technical & operational expertise from McKinsey, Bain, Schlumberger, JSW and Varaha.

www.climitra.com

Bengaluru, India

Mission: Sustainable cosmetics

Cutting-edge biotech startup pioneering India’s first cell-free biomanufacturing platform. Produces high-value biochemicals using precision enzymes as feedstocks for various industries, starting with cosmetics. Their process is 95% more sustainable than fossil-fuel based chemical production, 80% cheaper than precision fermentation, and delivers 8x higher yield.

Hitesh holds a PhD in Protein Folding and Dynamics from NCBS-TIFR, and has worked in enzyme engineering and R&D at industry leaders like Novozymes and Perfect Day. Nisa holds an MBA from IIM Trichy.

www.cellarim.com

Vadodara, India

Mission: Cleaner, greener rubber

One of the world’s select firms to develop precipitated & highly-dispersible silica using rice husk ash. Proprietary tech to convert agricultural waste to green silica using a zero-waste chemical process. Its silica enhances rubber grip on wet & dry surfaces, boosts wear-and-tear resistance, and extends life. Driving transition of rubber & tyre industries towards energy efficiency & lower emissions.

Tanmay is a chemical engineer from IIT BHU. Prior to starting Brisil in 2016, he worked in the specialty chemicals space and was also the co-founder of a startup leading cleantech, waste & advanced materials research.

www.brisil.com

Jaipur, India

Mission: Make solar sustainable

Proprietary tech for sustainable solar waste recycling in India, where about 1.2 million tons of solar PV waste is expected to be generated by 2040 with rapid solar power adoption. Their process achieves >95% recovery of high-value materials from end-of-life solar PVs.

Manhar and Vedant are childhood friends, with recent education at University of Chicago and NMIMS, India. While Manhar brings financial & strategy acumen to the team, Vedant leads the supply chain & operations side of the business. Together, they aspire to pioneer India's circular economy in solar power, making it truly sustainable.

www.beyondrenewables.in

Bengaluru, India

Mission: Maximize plastic recycling

B2B managed marketplace for post-consumer rigid plastic recycling in India, where only 8% of plastic waste is recycled. Innovating on tech & process to minimize middlemen & streamline supply chains, in turn creating high-quality, segregated & pre-processed recyclables.

Viral earlier founded SmartStaff & StayAbode, which had a successful exit. Kunal was the joint secretary at the Ministry of Housing and Urban Affairs, is an IAS officer and a graduate of IIT Roorkee. Nirja is a Harvard MBA and has studied sustainability at Columbia. Sharan has been a prior founder in waste management & plastic recycling.

www.recove.in

Bengaluru, India

Mission: Material science for energy

Nanotech membranes innovator for the world. Promising tech in energy storage and hydrogen still is limited by high costs. Vimano does deep innovation in nanotech membranes for flow batteries, electrolyzers and fuel cells, improving their performance & reducing size.

Murari and Dr. Kini have been collaborators since their time together at Thermax, where Murari interned under Dr. Kini. Murari holds a masters in Nano Science from UPenn & a bachelors from NIT Surathkal. Dr. Kini was the principal scientist at Thermax, holds a PhD in Materials Science from IISc, and been a fellow with Max Plank Institute in Germany.

www.vimano.biz

Phoenix, US

Mission: Drive future of energy storage

There's no way energy transition to renewables can happen without breakthroughs in long duration energy storage (LDES). EarthEn's groundbreaking thermo-mechanical storage technology uses supercritical CO2 in a closed loop to store energy for 4-100+ hours.

Manas and Palash have been long-time friends and now pioneers in the global climate tech space. Both of them hold PhDs from University of Utah and engineering degrees from IITs. Earthen Energy has also won a 2024 Edison Award in Sustainable Energy, grants from NSF & DOE, and is set up at the famous Oak Ridge National Laboratory.

www.earthen.energy

Bengaluru, India

Mission: Propagate greener concrete

Carbon-reduction technology pioneer in India for concrete. Enables concrete makers build better business and produce cleaner concrete, which today is 8% of global CO2 emissions. Reduces carbon footprint with no compromise on cost and performance.

Harsh and Vikram have been long-time work colleagues in India's climate tech space. They worked together at Sun Mobility and helped set up EY's India practice in electric mobility. Harsh has further worked in materials space at Log9. The team has education from IIM Ahmedabad, IIT Roorkee & PEC Chandigarh, with strong family background in cement industry.

www.carbonstrong.in

Bay Area, US

Mission: Optimize healthcare staff time

AI co-pilot to coordinate care for US surgery centres. There's 40% readmission rate of US surgery patients, often due to avoidable errors. 50% surgical staff time is spent in admin work. Confido solves this by automating patient communication for better staff time utilization.

Chetan, Vichar & Kunal are an experienced team in healthcare, AI and growth. Chetan and Vichar were batchmates at undergrad and founded their first company as college students. After a successful exit, Confido is their second venture together. The team has background from IIT Bombay, BITS Pilani & Samsung Health.

www.confido.health

Bay Area, US

Mission: Stop heating spaces

Why do we waste energy heating spaces, not people? It's unsustainable, wasteful & not efficient. To solve this, Focal is building smart, high-efficiency, electric, spot heating systems that provides personalized warmth to people in all environments. Think spotlight, for heat.

Raj and Rohan are childhood friends from India and from high school in Singapore. Raj holds a dual master's degree from Harvard Kennedy School and Stanford GSB, and has worked with Deloitte earlier. Rohan holds a master's degree in Robotics from Carnegie Mellon and bachelor's from Georgia Tech, and has previously worked at Tesla.

www.focalheat.co

Delhi NCR, India

Mission: Eradicate polystyrene

New-generation biotech company. Producing novel packaging materials using innovations in mycelium products, to replace polystyrene (thermocol) from the world. While at that, also solves air pollution by creating biodegradable materials from crop stubble.

Arpit earlier co-founded Chakr Innovation while pursuing his master's degree at IIT Delhi - it's a successful climate tech startup that has raised Series C funding. For Chakr's impact, Arpit has been awarded as Forbes 30 under 30 Social Entrepreneur 2018, Echoing Green Fellow for Climate 2017, and UN Young Champion of Earth 2018.

www.dharaksha.com

Singapore

Mission: No child left behind

Digital platform for paediatric behaviour health. Developmental delays in millions of Indian kids go undetected or untreated, as developmental monitoring is not a norm. Kinderpass solves the huge lack of availability of pediatricians & clinical psychologists, and high costs, digitally.

Sumedha and Shireen have known each other for over two decades. They were batchmates and roommates at IIM Indore, their business school in India. Sumedha is now based in Singapore and Shireen in Hyderabad. The team has background in brand management & marketing from Proctor & Gamble, Pepsi, Mars and Aircel.

www.mykinderpass.com

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