Tessellate Tech Ventures has made its exit from Vecmocon Technologies Private Limited through a secondary sale to Aavishkaar India Fund VI and Blume Ventures India Fund IV.
Rise Legal advised Tessellate Tech Ventures on this transaction.
The transaction team was led by Ritika Ganju (Managing Partner) and supported by Anushka Bhardwaj (Associate) and Mohana Dasyam (Associate).
VERTICES PARTNERS represented Aavishkar Capital on this transaction.
The transaction was led by Vikrant Anand (Partner), along with a team that included Varun Kaka (Senior Associate), and Associates – Vidhi Shah, Ayushi Narayan and Mohammed Kaif.
Founder and Managing Partner Vinayak Burman provided strategic inputs.
Khaitan Legal Associates represented Vecmocon Tech on this transaction.
The transaction team was led by Aditi Chandak (Associate Partner) and Vir Aditya Nanda (Senior Associate) along with Associates – Aanchal Golecha and Riya Dudeja.
Goodwin Law represented existing investor EIF V LP led by Ananth Lakshman (Partner).
Founded in 2015 and headquartered in Gurgaon, India, Tessellate Tech Ventures is an early-stage venture capital firm backed by the promoters of the Napino Group, a prominent player in the automotive electronics sector. Tessellate focuses on investing in innovative startups across various sectors, including Internet of Things (IoT), data analytics, technology, e-commerce, consumer internet, and payment solutions. With its roots in the automotive industry, the firm also actively seeks investments in electrical and electronic products tailored for the automotive sector.
Established in 2016 and based in New Delhi, Vecmocon Technologies is a deep-tech startup specializing in electric vehicle (EV) intelligence solutions. Founded by alumni from IIT Kanpur, IIT Delhi, and ISB, the company develops advanced hardware and software products, including Battery Management Systems (BMS), Vehicle Intelligence Modules (VIM), motor controllers, and EV chargers. The company has secured funding from notable investors such as Tiger Global Management, Blume Ventures, and Tessellate Ventures, and continues to expand its impact in the sustainable mobility sector.