Folks Motor Registers Folks Funds with SEBI as Category II Alternative Investment Fund
Folks Motor, a technology-led clean mobility company building next-generation xEV solutions, has made a significant move by registering Folks Funds with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund (AIF).
About Folks Funds
Folks Funds will adopt a sector-agnostic investment strategy, focusing on high-growth opportunities across various sectors, including:
- Warehousing infrastructure
- The electric vehicle ecosystem
- Data centres
- Real estate
Investment Approach
The Fund will invest through a diversified mix of:
- Equity
- Debt
- Convertible instruments
Deploying capital via portfolio companies and Special Purpose Vehicles (SPVs) rather than direct ownership of physical assets.
Comment from Nikhil Anand Khurana
Nikhil Anand Khurana, Managing Director, Folks Motor, and Chief Investment Officer, Folks Funds, stated:
“We believe the next decade of value creation will be driven by sectors underpinning India’s energy transition, industrial expansion and logistics backbone. Through Folks Funds, we are defining the EV supply chain as an investable asset class, one that can attract disciplined domestic and global capital into critical growth infrastructure.”
Published on April 21, 2026