Real estate fund · SEBI registry
Folks Funds
Real assets (RE/Infra) · EV & Mobility · New Delhi
At a glance
- Stage focus
- Real assets (RE/Infra)
- Primary sector
- EV & Mobility
- City
- New Delhi
- HQ / office
- Delhi (Vigyan Vihar); Folks Motor operations linked to Sonipat, Haryana
- Fund registered
- 2025
- Investments on record
- 1
- Corpus (as reported)
- Target corpus INR 500 crore; INR 100 crore raised at first close (2025)
- Website
- www.folksmotor.com
- Profile ↗
About
Folks Funds is the SEBI Cat II AIF launched by EV/clean-mobility company Folks Motor (MD & CEO Nikhil Anand Khurana) to strengthen and localise India's electric-vehicle supply chain under the PLI scheme. It is a corporate captive/strategic CAPEX vehicle rather than a conventional diversified startup VC.
Investment focus
Sector-themed Cat II AIF focused on India's EV supply chain — powertrain systems, energy storage, electronics manufacturing services (EMS) and system integration; targets >=50% domestic value addition; ESG-oriented; also funds EV-centric industrial/warehousing infrastructure
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/25-26/2100
SIDBI Fund of Funds
None found — no evidence of SIDBI or govt/DFI LP
Notable portfolio
The Blue IP (xEV-centric warehousing & industrial park, Sonipat, Haryana)
Team & organisation
Newly registered sector-agnostic Category II AIF ('Folks Funds') sponsored by Folks Motor (P.) Limited — an EV/hybrid-retrofit company entering private-capital investing; equity/debt/convertible mandate
Connect through iHub India
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Frequently asked
- What does Folks Funds invest in?
- Sector-themed Cat II AIF focused on India's EV supply chain — powertrain systems, energy storage, electronics manufacturing services (EMS) and system integration; targets >=50% domestic value addition; ESG-oriented; also funds EV-centric industrial/warehousing infrastructure
- How do I pitch Folks Funds through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ Corporate-backed strategic/CAPEX fund (not a generalist startup VC); EV-supply-chain themed; The Blue IP is an industrial/real-estate infrastructure project
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.angelone.in/news/market-updates/folks-motor-registers-sector-agnostic-category-ii-aif-with-sebi; https://in.linkedin.com/company/folks-motor-corporation