Ev2 Ventures

Karan Mittal serves as Partner and is the principal investing decision-maker. He previously spent over five years at Velos Partners, where he focused on early-stage and growth-stage consumer-tech deals across Asia Pacific and the United States. The firm also lists co-founder Charles Owen — former global head of M&A at Harman International — and six advisors, but operational investment leadership appears concentrated with Mittal.

Yes. The firm invests exclusively in smart mobility, a mandate that covers electric vehicles, connected supply chain, logistics technology, micro-mobility, agri supply chain, warehousing tech, and the sharing economy. It does not invest in generalist Indian tech sectors such as fintech, healthtech, or enterprise SaaS unless the company falls inside its mobility definition.

The firm states it invests at early to pre-series A stages, focusing on seed and early-stage startups. It partners with companies that have a product in market and are on a rapid growth trajectory, providing capital, a sector-specific growth playbook, and access to a mentor community.

No. The firm’s website explicitly states a geographic focus limited to India. Its portfolio consists entirely of Indian-domiciled mobility startups.

Publicly disclosed portfolio companies include Euler Motors (light electric commercial vehicles), Cogos Technologies (intra-city logistics aggregator), Enmovil Solutions (logistics analytics), Eveez (electric two-wheeler subscription), Alt Mobility (EV financing and asset intelligence), Swapp Design (four-wheeler automated battery swapping), Simactricals (EV wireless charging), Centriti (B2B HoReCa distribution and mid-mile logistics), Fambo (agri supply chain technology), and Rosh.ai (autonomous vehicle technology).