RE: Activity confirmation20 May 2026 12:39
AI
Petrovis Venture Capital LLC is a primary venture capital fund based in Ulaanbaatar, Mongolia, operating as a subsidiary of Petrovis Group—the largest fuel and petroleum importer and distributor in the country.The fund focuses on investing across diversified small and medium-sized enterprise (SME) sectors, serving as a vehicle for the parent group's corporate venture capital, market expansion, and strategic energy initiatives.Key Corporate & Structural DetailsExecutive Leadership: The firm is led by CEO Shinezaya Batbold. She also serves as a Director of Petrovis LLC, Chairperson of the gas distribution business UniGas LLC, and a board member of multiple international ventures.Core Function: Established as one of the first local venture capital entities in Mongolia, it builds a bridged portfolio between traditional logistics/fuel delivery and emerging commercial sectors.The Petro Matad Connection: Through its broader corporate umbrella, Petrovis is the founding and single largest shareholder of Petro Matad Limited ($MATD), an AIM-listed oil and gas exploration company operating major petroleum blocks in eastern and central Mongolia. Shinezaya Batbold represents Petrovis's interests directly on the Petro Matad board as a Non-Executive Director.Energy Transition Integration: Alongside managing SME investments, the executive framework of Petrovis VC aligns closely with newer initiatives, including Petro Matad's joint venture with SunSteppe Renewable Energy aimed at developing large-scale green energy projects inside Mongolia