We Founder Circle (WFC), a prominent investment firm, is expanding its reach into emerging sectors such as sustainability, electric vehicles (EVs), space tech, and defence tech by FY25. As a venture capitalist in Gujarat, the firm is particularly interested in areas driving global innovation and addressing pressing environmental challenges.
Gaurav VK Singhvi, co-founder of WFC and an angel investor, emphasized the firm’s focus on EVs, a sector experiencing rapid growth due to the global shift towards clean energy and reducing carbon emissions. “Advancements in battery technology, charging infrastructure, and green mobility solutions make EVs a promising area for investment,” Singhvi noted.
Startups that focus on sustainable solutions, such as renewable energy, carbon reduction, and eco-friendly materials, are also high on WFC’s radar. Singhvi believes these startups not only have the potential to deliver strong returns but also create a positive impact on the planet, aligning with global environmental goals.
In addition to these sectors, WFC is also keen on quantum computing, construction technology, and Web 3, driven by decentralized technologies. The firm, which launched in 2020, has a unique approach, focusing on backing entrepreneurs from beyond metro cities, with 35% of its portfolio startups coming from tier II and III cities. Key investments include companies like Zypp Electric, BluSmart, Anveshan, and Oben EV.
WFC’s strategy is to provide support across all stages of a startup’s journey. Its two key arms—EvolveX and Avinya Ventures—offer tailored investment programs. EvolveX helps early-revenue startups, while Avinya Ventures focuses on seed to Series C stage startups. The firm’s GIFT City Fund, with a corpus of $30 million and additional options, also allows global investments with no geographical restrictions.
Despite challenges such as high interest rates, geopolitical tensions, and cautious investor sentiment, WFC remains optimistic. “We are prioritizing startups with sustainable business models and clear paths to profitability,” Singhvi said. With over 150 startups invested in and 7 partial exits, WFC continues to champion startups that demonstrate efficient operations and long-term growth potential, helping build a healthy startup ecosystem in Gujarat and beyond.