Micelio Fund

Shreyas Shibulal serves as Founder and Director of Micelio Mobility, under which the Micelio Fund operates. The firm has not publicly disclosed a separate investment committee or additional investing partners. Shibulal’s embedded-systems background and hands-on founding of two operating companies, Numeros Motors and Entoo, suggest investment decisions are tightly coupled to his technical and operational lens.

Micelio sources primarily through the community it built — a network of over 100 startups, battery manufacturers, OEMs, fleet operators, and charging-infrastructure companies. The Micelio Discovery Studio, which offers EV testing and validation services in partnership with ARAI, functions as a technical funnel that surfaces startups early in their prototyping phase. This gives the fund a pre-diligence signal long before those companies raise publicly.

All publicly described deployment activity points to direct equity investments in early-stage clean mobility startups. The firm has not disclosed any fund-of-funds commitments, LP positions in external venture funds, or secondaries activity. The $20 million seed fund is deployed directly into companies developing technology across the electric-vehicle value chain.

Shreyas Shibulal founded both Numeros Motors, a two-wheeler OEM targeting commercial applications, and Entoo, an all-electric last-mile logistics operator. These are separate operating companies, not portfolio holdings of Micelio Fund. Their existence creates a close operational feedback loop — real-world fleet data and manufacturing experience inform the fund’s view on component-level and infrastructure startups.