TLDR:
- Caret Capital and Ev2 Ventures have formed a $50 million sustainability fund called Caret Capital Fund II.
- The fund will focus on investing in startups at the pre-Series A stage in the mobility, distribution, and employment sectors.
Caret Capital and Ev2 Ventures have joined forces to create a $50 million sustainability fund known as Caret Capital Fund II. This fund will specifically target startups in the pre-Series A round that are working within the sustainability sector, with a focus on mobility, distribution, and employment. The fund has already attracted anchor investors and will be overseen by co-managing partners Pankaj Bansal, Karan Mittal, and Prajakt Raut.
Ev2 Ventures, a venture capital firm specializing in early-stage investments, particularly in the mobility sector, including electric vehicles, has a portfolio that includes companies like Euler, Alt Mobility, and Logos. On the other hand, Caret Capital has invested in companies such as Celsius, Citrus, Xindus, and Ominivio. The team managing the fund brings a wealth of experience, with Karan Mittal having two decades of experience in financial services, Prajakt Raut having co-founded a tech startup, and Pankaj Bansal being the co-founder and group chief executive of PeopleStrong.
