We run the operations.We back physical AIthat will run them.
elmnts is an office that runs construction, agriculture, food manufacturing, logistics and real estate, and a $10M balance-sheet fund for physical AI in those verticals: what sees, stores and moves in the real world. Early stage. We co-invest.
Operations05
- 01Construction & development
- 02Agriculture
- 03Food manufacturing
- 04Logistics & warehousing
- 05Real estate
Capital$10M
- Fund$10M, balance sheet
- StagePre-seed and seed
- RoleCo-investor, alongside a lead
- FocusPhysical AI: see, store, move
Our own capital.
A $10M balance-sheet fund for physical AI in the verticals we run. Early stage. We co-invest.
$10M
Balance-sheet fund. Our own capital, no outside LPs.
Early stage
Pre-seed and seed. First checks this year.
Co-investor
Alongside a lead. We validate deals for the funds we sit beside; we don't compete with them.
Physical AI
Across the verticals we operate. What sees, stores and moves in the real world.
Physical AI in the real world.
Not only robots. Everything that gives an operation eyes, memory and motion, across the verticals we run.
See.
Cameras, sensors and models that inspect, grade, count and watch. The plant line, the canopy, the jobsite, the yard.
Store.
Systems that hold and track what an operation makes and what it learns. Bins, silos, cold rooms, warehouses, and the data that comes off real ground.
Move.
Equipment, vehicles and robots that do the work. Grading, hauling, spraying, sorting, packing, loading.
Where it runs.
Five verticals we run ourselves. More through the operators we partner with. All of it open as a live test lab to the companies we work with.
Construction & development
2,700 entitled lots and a multifamily project in planning. Partners' live jobsites today: grading, sitework, structure, interiors.
Agriculture
About 6,500 acres of almonds across five ranches around Dixon and Davis. Dust, no GPS under canopy, one answer a year.
Food manufacturing
One handler-level plant in Dixon. Sorting, grading, packing, beside the people who run it. One answer every shift.
Logistics & warehousing
Trucks, yards, pallets, forklifts. The handoff between the plant and the road.
Real estate
Development sites and the buildings that follow. Landscaping, cleaning, inspection, security.
Mining, aggregates, manufacturing
Through the operating partners we are bringing in. Their pits, yards and shops.
The intelligence abstracts.
The deployments don't.
Physical AI is one technology across many industries. The system that learns to see, store and move on a jobsite is close to the one that will run an orchard, a plant floor, a yard. The intelligence abstracts. The deployments don't. Each one has to be designed onto a real operation, by people who run one.
What a
company
gets.
The operator's read
Would we buy it. What would break it. In writing, from people who run the operation.
The ground
Ranches, plant, vehicles, yards, partners' jobsites. Open to the companies we work with, sized to the trial. A value-add, not a condition of the check.
Capital
Our own money, alongside a lead. Early stage.
Buyers
We're one, and we know the next ones. Once something works here, we're the reference and the door to the next operator.
The syndicate.
The fund is the center. Around it, a syndicate of people who bring something real to it.
Venture partners
Jobsites, yards, plants. They bring the ground and the buyer's judgment in their vertical, and share in what it earns.
Funds
Send the company that needs an operator's read or real ground. You keep your cap table; we validate, we don't compete.
Scouts
People who see founders before we do. One intro format, one tracker, a straight answer.
Long-term relationships over one-off checks.
Get in touch.
Read by the operator. No portal, no form.
shivam@elmnts.vc