India, July 21 -- Energy transition-focused venture capital firm Transition VC has launched its second fund with a target corpus of Rs.1,500 Cr (over $155 Mn) to invest in engineering-led startups working across segments like energy transition, advanced manufacturing and industrial deeptech.

The Bengaluru-based VC firm plans to invest between $2-5 Mn in over 20 startups over the next four years, with deployments set to begin in the third quarter of the ongoing fiscal year FY27.

The fund has already received commitments from several existing limited partners, while also seeing interest from global institutions, corporate investors and family offices, the firm said.

The VC firm claims to have fully deployed its first fund, which closed a...