Paytm founder Vijay Shekhar Sharma has introduced a 300-million rupee ($3.6 million) fund, finding to invest in India’s fast-growing artificial intelligence and electric vehicle sectors. The company of VSS Investments Fund is backed by VSS Investco Private Limited, an entity vijay Sharma owns and controls, the billionaire fintech entrepreneur said in a statement last Monday. The fund will be managed by a professional investment manager. Sharma, is widely credited for pioneering fintech companies in India more than a decade ago when he launched payments company Paytm, which started off as a digital wallet but has since diversified into loans and mutual funds. According to the statement, previously invested in several Indian startups including scooter maker Ola Electric, fitness band maker GOQii, and Treebo Hotels. The new fund will also be used for follow-on investments in his existing portfolio.