Background
Autonebula Angel Network herein call as AAN is a network of Angel investors keen to invest in early stage businesses which have the potential to create value to advance smart mobility solutions and addressing automotive industry needs. AAN operated by Autonebula Incubation services which is India’s first Automotive and Connected Transport Incubator. Started in Jan 2016, Autonebula in addition to capital provides constant access to high quality mentoring, product analysis, go-to-market strategy, and vast networks and inputs on strategy as well as execution. The Network members, because of their background are better able to assess the potential and risks at the earliest stage. AAN is division of Autonebula Incubation Services Private Limited. AAN invests in promising startups and early stage companies. Autonebula is working with companies from Automotive and Connected transport sector and invest in scalable businesses with disruptive ideas and matching with end customers and Industry requirements. AAN actively engages with the government and other organizations to educate and help facilitate adoption of and information about Government policies and procedures which creates an enabling environment for entrepreneurs and angel investors. AAN looks at investing in ventures from across India and including overseas ventures. Its members are drawn from all over India and some from overseas. AAN does not maintain a fixed corpus and does not have a fixed time horizon for making investments. As a broad outline, it is expected that members will invest at least Rs. 1 lakh per annum. Such expected amount is expected to have upward revision from time to time. AAN is not a secretive body; in fact, it will proactively seek positive publicity with a view to being seen as the investor group of choice by Automotive, Autotech and connected transport startups and businesses. All members will sign this document in acceptance of the broad principles that will govern the functioning of the AAN. The Network members will also agree to adhere to a code of confidentiality regarding all opportunities tabled at the forum. Details of any deal, entrepreneurs, etc. will be kept strictly confidential and will not be discussed or revealed outside the Network. This document aims to evolve and spell out a framework under which likeminded members can “network” together and work synergistically to achieve common objectives in the above areas, while not having to operate under the more traditional but rigid models such as VCs, etc. At the same time, it is recognized that, in order to ensure longevity and scalability of this model, there needs to be some basic rules and operating guidelines that all members adhere to and these are outlined in this document.