One Planet Partners has launched a private equity fund in partnership with Sumitomo Mitsui Trust Bank. The firm plans to raise over ₹3,000 crore and target mid-market companies in India. One Planet will focus on sectors such as energy, mobility, and manufacturing, offering growth capital of ₹100 crore to ₹500 crore. Yulu Bikes Private Limited is the firm's first investment, participating in their $93 million Series C funding round.