The Opening
$2.3T
flows into energy infrastructure annually
The intelligence layer is barely formed.
Most physical-infrastructure decisions still run without AI — on spreadsheets, consultants, and 12-month study cycles.
Every dollar of infrastructure capital deployed without AI leaves 150–550 basis points of value on the table.
The companies that reinvent the industry don't exist yet. We build them.
The Engine
Every venture starts from a live infrastructure problem. If it doesn't improve an investment outcome, it doesn't ship.
- 1
Embed in real projects
Find where value is being destroyed and where AI moves the needle most.
- 2
Build custom tech
Whatever combination of science, AI, software, and engineering judgment the project requires. Solve the live problem first.
- 3
Productize the pattern
When the same problem appears across multiple projects, the custom solution becomes a repeatable product — and sometimes a standalone company.
- 4
Stack reusable IP
Each engagement adds technical, commercial, and regulatory IP. Each project compounds the next.
What our position gives us
Building from inside the capital machine, not advising from outside it.
- Problems from deal flow — Company ideas come from real investment processes — real bottlenecks, real data, real customers.
- Built-in first customers — Caldura Capital projects deploy Caldura AI tools from day one.
- Structural data access — Geospatial, technical, financial, regulatory, and market data from Caldura Capital's pipeline.
- Capital recycling — AI improves fund IRR while creating venture equity. Self-reinforcing.
Team
50+ patents. Many foundings and exits. Decades from Xerox PARC to production AI.
Rajesh Chandran
Partner, CEO of Actual
Serial entrepreneur with successful exits in AI and FinTech (Heighten, Wize, Leap). Holds multiple machine learning patents.
Ramana Rao
Partner
Founder with exits across consumer, enterprise, financial services, media. Early Xerox PARC career. 30+ patents, 10,000+ citations. Pioneer in information visualization, analytics, search, NLP, human-AI systems.
Karthik Balakrishnan
Partner, President of Actual
Previous CTO of Coin. Founder of Airbus UTM. DoD NDSEG Fellow, Stanford PhD. Expert in AI systems, aviation, data infrastructure. Venture Partner at Pioneer Fund.
Justin Ferrell
Partner, Strategy & Organizational Design
15 years at Stanford Institute of Design. Former head of digital and new product design at Washington Post. Involved in Pulitzer Prize-winning and finalist investigations.
Team from Caldura Capital
Stephen Hickman
Principal, Co-Founder
Leads project origination and capital raising. More than 30 years in energy platforms and capital formation across AIA, HSBC, Old Mutual, and Swiss Life. Development experience with ChemOne Group, including the Pengerang Energy Complex (previous Chairman).
Jeremy L. Hill
Principal, Co-Founder
Leads fund structuring, capital raising, and investor relationships. More than 25 years in fund management and capital markets across TF Markets, Societe Generale, Levy Harkins, and Alliance Bernstein.
Bharat Krish
Principal, Co-Founder
Leads technology strategy, AI enabled diligence architecture, and data infrastructure. More than 25 years in enterprise technology: President Digital and CTO of TIME, CPO of Newsweek, and CIO of HBO Latin America. Chief AI Transformation Officer at Zazmic.
Our Founders & Industry Hands Network
Marko Bogoievski
Infrastructure Capital
Former CEO Infratil and Morrison & Co. NZ$21B+ in infrastructure AUM. Initial investor in the Caldura platform.
William Byun
Programmatic Origination
Fulbright Scholar. 25+ years C-suite in energy & sustainability across Asia.
Aurora Chiste
Infrastructure Projects & Strategic Partnerships
15+ years across sustainability, energy, fintech, and development. World Economic Forum member.
Meagan Packard
Platform Operations
Strategic operator. Former BCG and Nestlé. Expertise in operational systems and platform scaling. Impact lead at SWAN and Amazon Investor Coalition.
Daniel Tinajero
Energy Transition & Carbon Markets
Former Environmental Commissioner for Vista, California. Carbon markets and infrastructure experience. Dual MBA/MSc from University of Michigan.
Jacob Gosselin
Aviation & Project Finance
U.S. Marine Corps veteran. 6+ years in aviation engineering specializing in hydraulic systems and supply chains. Project entity financing structuring.
Christina Lee
International Markets
Technical and financial modeling of emerging energy infrastructure projects. Joint Master's from Georgetown University (MSB/MSFS).
Talk to us
We're in conversation with infrastructure funders and operators, and with AI founders and engineers. If that's you, write us.
ai@caldura.com