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South Asia Growth Fund II

https://gefcapital.com/capital-partners/
Last activity: 14.09.2026
Probably Closed
Categories: AgriTechEnergyTechEnvironmentalFoodTechInvestmentLogisticsProductServiceWasteWaterTech
The Fund will principally target portfolio companies located within India, but may also pursue opportunities in Bangladesh. Its emphasis will be investments in 4 key sectors: energy efficiency, the clean energy value chain, water, and environmental products and services (waste, food & agriculture, logistics and materials).
SAGF II is the successor fund of South Asia Clean Energy Fund (SACEF), which closed in 2010 at $128 million out of which $5 million was financed by BIO. SACEF invested in 7 projects across the resource efficiency sector.
Provision of additional mid to long-term capital to the resource efficiency segment in India and Bangladesh.
Promotion of technology transfer from the developed countries to India as well as from India to its neighboring countries. Investments will also have a direct impact on job creation (for Fund I, between 2014 and 2017, more than 600 new jobs have been created within the 7 investee companies).
Investments in renewable energy / energy efficiency decrease the dependence of India on fossil fuels and contribute to the reduction of energy shortage.
IFC Performance Standards are addressed and included in the overall assessment.
Mentions
40

Investors 1

Mentions in press and media 40

DateTitleDescription
14.09.2026GEF Capital stares at a poor outcome from four-year-old betPro Sridhar Narayan, founder and managing partner - South Asia, GEF Capital Private equity firm GEF Capital Partners, which spun out of US-based Global Environment Fund more than five years ago ...... New to VCCircle.com? Subscribe to VCCir...
01.09.2026Yuma Energy raises $35M in Series A from Magna InternationalYuma Energy, a battery-swapping venture co-founded by Yulu and Magna International, has raised $35 million in a Series A funding round led by Magna International, the global automotive supplier. The company said it will use the funds primar...
21.08.2026Indian startups raised over $242 million from August 10 to August 15, 2026; Yulu tops the listBetween August 10 to August 15, 2026, as many as 13 Indian startups from diverse sectors raised over $242 million in funding from investors. That is 4% down week-on-week from $252 million recorded in the previous week, when River Mobility r...
16.08.2026Venture Capital Shifts to Hard Tech, Deep ImpactVenture capital shifts focus. Hard tech and vertical AI dominate recent funding. Form Energy leads with $750M for iron-air grid batteries, addressing critical energy infrastructure needs. Lovable secures $400M for AI coding, showcasing dema...
14.08.2026(Weekly funding roundup Aug 8-14) Tepid VC inflow but Yulu provides reliefVenture capital (VC) funding into Indian startups witnessed a sharp drop in the second week of August, with the only consolation being the $93 million raised by mobility startup Yulu. The total VC funding of $323 million last week gave some...
12.08.2026Bengaluru-based Yulu raises $93 million in funding as it prepares for potential IPOIndian electric mobility startup Yulu has raised $93 million in Series C funding as it seeks to expand its fleet and prepare for a potential stock market listing. Advertisment The Bengaluru-based startup said the funding comprised $63 milli...
12.08.2026Venture Capital & Startup Funding Roundup, August 12, 2026: Coatue, Franklin Templeton, CapitalG, Menlo Ventures, Sequoia Capital & MoreThe day’s deals underscore one clear theme: venture capital continues to pour into fundamental infrastructure and vertical AI playbooks, not consumer fluff. A massive $750M infusion into Form Energy’s iron-air battery plant leads the charge...
12.08.2026Yulu Bags $93 Mn To Scale EV Fleet, Enter Full-Size Electric Scooter SegmentSUMMARY Yulu’s Series C funding round comprised a mix of $30 Mn in debt and $63 Mn in equity funding led by GEF Capital Partners. The fundraise gives Yulu fresh capital to expand its capital-intensive EV leasing business amid growing demand...
12.08.2026Electric mobility startup Yulu raises $93 million in equity, debt to expand EV fleetSynopsis The Bajaj Auto-backed company said it will increase its active fleet to 200,000 electric vehicles over the next two years, expand service hubs and deepen partnerships with enterprises. It did not disclose the lenders, its valuation...
12.08.2026EV mobility service startup Yulu raises $93M led by GEF CapitalElectric mobility-as-a-service (MaaS) startup Yulu has raised $93 million in a Series C funding round. The total includes equity of $63 million, led by GEF Capital Partners, with the remaining $30 million raised via debt. According to Yulu,...
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