Venture capitalists Atul Kapadia was inclined to the initial funding for Sujeet Kumar and Michael Sinkula found Envia Systems to provide a lithium-ion battery business. Granted, Envia little more than the founders vision of an affordable electric vehicle and the potential of playing in a very large market. But for Kapadia, it was just these two key ingredients that Envia attractive and related to other early-stage investments he had made at Bay Partners.

Venture capitalists Atul Kapadia was inclined to the initial funding for Sujeet Kumar and Michael Sinkula found Envia Systems to provide a lithium-ion battery business. Granted, Envia little more than the founders vision of an affordable electric vehicle and the potential of playing in a very large market. But for Kapadia, it was just these two key ingredients that Envia attractive and related to other early-stage investments he had made at Bay Partners.
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from
Arar Han,
Charles A. Holloway
Source: Stanford Graduate School of Business
16 pages.
Release Date: 18, June 2012. Prod #: E407-PDF-ENG
Envia Systems HBR case solution