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Infrastructure fund · SEBI registry

India Japan Fund

Real assets (RE/Infra) · Climate & Clean energy · Mumbai

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At a glance

Stage focus
Real assets (RE/Infra)
City
Mumbai
HQ / office
NIIF, UTI Tower, GN Block, 4th Floor, Bandra-Kurla Complex, Mumbai 400051 (regd. office New Delhi)
Fund registered
2023
Investments on record
3
Corpus (as reported)
USD 600 million target corpus (2022 launch; GoI 49% / JBIC 51% anchors)
LinkedIn
Profile ↗

About

The India-Japan Fund (IJF) is NIIF's first bilateral fund — a USD 600 million vehicle anchored by the Government of India (49%) and the Japan Bank for International Cooperation/JBIC (51%) — focused on environmental sustainability and low-carbon strategies, supported by JBIC IG Partners. It is managed by NIIF Limited, India's sovereign-anchored alternative assets manager (USD ~4.9 bn total AUM).

Investment focus

Sector-agnostic climate / environmental-sustainability and low-carbon infrastructure — renewable energy, electric mobility, ports & logistics, roads, airports, smart metering, digital infrastructure (Category II AIF)

Cheque size

Not separately disclosed for IJF; NIIF funds generally write large institutional cheques. IJF deals seen INR 500 Cr / USD 48-70M (e.g. Mahindra Last Mile, Ather, EKA Mobility)

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category II — reported as “Cat II

  • IN/AIF2/23-24/1324

SIDBI Fund of Funds

Yes — India-Japan Fund is a sovereign bilateral vehicle (~USD 600M / INR 49bn). Government of India is an anchor investor (~49%) alongside Japan Bank for International Cooperation/JBIC (~51%). Managed by NIIF, itself part-owned by the Government of India. Source: niifindia.in/india-japan-fund

Notable portfolio

Mahindra Last Mile Mobility (~INR 400 cr); Ather Energy (~INR 600 cr); EKA Mobility (~INR 500 cr, Oct 2025)

Team & organisation

NIIF senior leadership team of ~7+ executives; full investment team not disclosed by fund

Manager: NIIF Limited (govt-backed manager). India-Japan Fund registered as Category I AIF (Reg. IN/AIF2/23-24/1324) though NIIF is a SEBI Category II AIF manager; multi-fund platform, bilateral climate fund

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Frequently asked

What does India Japan Fund invest in?
Sector-agnostic climate / environmental-sustainability and low-carbon infrastructure — renewable energy, electric mobility, ports & logistics, roads, airports, smart metering, digital infrastructure (Category II AIF)
What cheque size does India Japan Fund write?
As compiled from public sources: Not separately disclosed for IJF; NIIF funds generally write large institutional cheques. IJF deals seen INR 500 Cr / USD 48-70M (e.g. Mahindra Last Mile, Ather, EKA Mobility)
How do I pitch India Japan Fund 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

  • government/sovereign-anchored bilateral infrastructure & climate fund; foreign (Japan/JBIC) anchor investor — not a private startup VC

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://niifindia.in/india-japan-fund/; https://en.wikipedia.org/wiki/National_Investment_and_Infrastructure_Fund