Theia Ventures
Venture capitalPre-Seed–Series A · 10 people tracked
Investment thesis
Theia Ventures invests at the early stage in founders with deep technical insight and first-hand problem understanding. Grounded in the Indian ecosystem while aiming for worldwide impact, the firm focuses on foundational models spanning advanced materials, industrial decarbonization, AI-enabled circular systems, and power and industrial systems. It backs category creators who define markets by building foundational infrastructure, and proprietary technologies that shift industry economics to enable new outcomes. Beyond providing capital, the firm engages hands-on with founders—refining strategy, challenging assumptions, and opening doors—positioning itself as a partner focused on both mission and execution in hard-to-abate and deep-tech sectors.
Source: firm website, verified Aug 7, 2026.
Team · 10 people
from the firm's website & public directories
What they invest in
from 17 of 20 portfolio companiesCleantech ×9Energy ×6Climate Tech ×5Media & Entertainment ×5New Materials ×5AI & Machine Learning ×2Circular Economy ×2Deep Tech ×2
HQs:India×10
Investments · 20 tracked
founders shown can be your intro pathBIS Infotech is an online technology news and media publication covering electronics, semiconductors, IoT, telecommunications, AI, and industrial technology.
Media & Entertainment
Climitra produces bio-coal designed as a 1:1 drop-in replacement for fossil coal, aimed at cutting emissions by around 90% at a price competitive with coal.
CleantechClimate TechNew Materials
Co-investorsMomentum Capital
DashamLabs develops silica aerogel flexible insulation sheets using process innovations aimed at making high-performance thermal insulation cost-efficient and scalable.
CleantechDeep TechNew MaterialsRewari, IN
Ankit Jhanwar(Co-Founder & CEO)inDr. Apoorv Balwani(Co-Founder & CTO)inDevakar Dhingra(Co-Founder & CCO)inDr. Neha Hebalkar(Inventor Co-Founder & Scientific Advisor)in
Co-investorsIIMA Ventures
Energetica India is a media publication covering the energy and power sector in India, publishing news, interviews, articles, and coverage of policies, regulations, and energy efficiency.
EnergyMedia & EntertainmentNew Delhi, IN
Exponent develops battery packs and charging systems optimized for rapid charging of electric vehicles, particularly buses and commercial EVs, in India.
Climate TechEnergyMobility & TransportationBengaluru, IN
Co-investorsAdvantedge Founders3one4 Capital
Express Pharma is an India-focused trade publication covering the pharmaceutical industry, including news, interviews, business strategies, webinars, and events such as its Express Pharma World Expo.
Media & Entertainment
Inc42 runs educational programs for startup founders in India, including a 12-week D2C accelerator (D2CX), a 6-week D2C launch program (D2CX Foundations), and a 6-month startup management course (ManagementX).
EdTechFuture of WorkMedia & Entertainment
Co-investorsAlkemi Growth CapitalAlteria CapitalArkam VenturesColossa VenturesGolden Sparrow Ventures, LlcPeaceful Progress+3 more
Lemnisca Bio builds AI-native digital twins ("flight simulators") that model bioprocess behavior using machine learning combined with metabolic and reactor physics rules, helping make precision fermentation and biomanufacturing predictable and scalable.
AI & Machine LearningBiotechDeep Tech
Pushkar Pendse(CEO & Co-founder)Shilpa Nargund(CTO & Co-founder)
Metastable Materials recycles lithium-ion batteries end-to-end using its Integrated Carbothermal Reduction process, which recovers metals without chemicals or energy-intensive methods.
Circular EconomyCleantechNew Materials
An AI-powered materials discovery platform combining generative AI with physics-based simulations to make development of novel materials faster and commercially viable.
Media & Entertainment
Co-investorsAlteria CapitalAxilor VenturesBrand Capital InternationalEndiya PartnersSilicon Ventures
Probus develops smart metering solutions and IoT-powered automation to help customers monitor and manage their energy consumption.
CleantechEnergyIoT
Sarla Aviation develops Shunya, an eVTOL flying taxi designed for affordable mass urban transportation, with cabin configurations for passengers, cargo, and medical response.
CleantechHardwareMobility & TransportationBengaluru, IN
Rakesh Gaonkar(Co-Founder)Adrian Schmidt(Co-Founder & CEO)
Co-investorsBetter CapitalRTP GlobalAgFunder
Frequently asked questions
- How many investments has Theia Ventures made?
- Theia Ventures has 20 tracked investments.
- What stage does Theia Ventures invest at?
- Theia Ventures invests at the Pre-Seed, Seed, Series A stages.
- What sectors does Theia Ventures focus on?
- Theia Ventures focuses on AgTech, Cleantech, Climate Tech, Deep Tech, Energy, Hardware, Mobility & Transportation, New Materials.
- Does Theia Ventures lead rounds?
- Yes, Theia Ventures leads investment rounds.
- Who does Theia Ventures co-invest with?
- Theia Ventures most often shares deals with Alteria Capital, Better Capital, Endiya Partners, among 17 tracked co-investors.
Media · Podcasts & interviews
featuring the teamExceed The Brief with Dr. Sanjay Arora | Priya Shah - Founder, Theia Ventures | Episode 1
Dr Sanjay Arora · Priya Shah
#CleantechTalks | Ep 1: Innovations in Climate Tech and Finance | Priya Shah, Theia Ventures
I-Venture @ ISB · Priya Shah
The Importance of Deep Tech for India's Climate Tech - Priya Shah of Theia Ventures
Climafix · Priya Shah
Ep.#54: How can climate tech make a positive impact in India? Meet Priya Shah - Theia Ventures
StartupBasecamp org · Priya Shah
Images
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