Neev Fund is a Category I Alternative Investment Fund managed by SBI Ventures Limited, focusing on sustainable development and climate-resilient investments. Established in 2015, it aims to drive job creation and social impact in underserved Indian states. The fund has two main iterations: Neev Fund I, which invested in sectors like renewable energy, agriculture supply chains, healthcare, education, and waste management, and Neev Fund II, launched in 2021, which targets SMEs in clean energy, electric vehicles, and water efficiency.The fund emphasizes equity investments in scalable, sustainable business models and prioritizes projects that generate measurable social, environmental, and economic benefits. Neev Fund actively engages with its portfolio companies by providing regulatory support, financing access, and organizational development. It has successfully exited investments, such as its stake in SunSource Energy, and collaborates with institutions like JICA to enhance funding and expertise for sustainable projects. The fund is headquartered in Mumbai, India.