Energy Saving Services Will Invest 150 Cr To Upscale Energy Efficiency Updated On Wed, Jul 20th, 2022 by Saurenergy State-Owned company, Energy Saving Services Ltd. (EESL) will make an investment worth Rs 150 crores to scale up 100 energy efficiency projects in several industrial facilities across various industries. EESL, a joint venture run by the ministry of power, said of this initiative, “To augment the use of energy efficiency solutions in the industry sector, […] Read more
Blume Ventures Invests $2.5 Million in Solar Financing Platform Aerem Updated On Tue, Jul 12th, 2022 by Saurenergy Mumbai-based solar financing platform, Aerem has raised $2.5 Million in funding in a pre-series round from Blume Ventures, a New Delhi-based capital firm. The funding money ($2.5 Million) raised will go toward expanding the loan book, developing the technological platform that will enable seamless, end-to-end digital engagement with diverse stakeholders, and hiring teams that include […] Read more
Power Finance Corp Signs Loan Agreement With Japan Bank For JPY 30 Billion Updated On Fri, Jul 8th, 2022 by Saurenergy An Indian financial institution under the ownership of the Ministry of Power, Power Finance Corp (PFC) has signed a loan agreement with Japan Bank for International Cooperation (JBIC). Through this loan agreement, Power Finance Corp will seek JPY 30 billion as loan amount from JBIC. As part of its “Global action for Reconciling Economic growth […] Read more
Chargeup,Two More Join Up To Offer E-Rickshaws At Rs 90,000 Updated On Fri, Jul 8th, 2022 by Saurenergy The Delhi-based battery-swapping company, Chargeup has announced its collaboration with two firms including Paisalo Digital Ltd and Goenka Electric Motors (GEM). Companies said, through this collaboration, they will help E-rickshaw drivers own their vehicles at only Rs 90000 only. Chargeup said it’s for the first time when an affordable E-Rickshaw Sale across Delhi/NCR has been […] Read more
Intersect Power Raises $750 Million Growth Equity Investment from TPG Rise & Others Updated On Wed, Jun 29th, 2022 by Saurenergy US-based clean energy company, Intersect Power announced a $750 million growth equity investment for its renewable energy portfolio yesterday (28th June 2022). TPG Rise Climate is the dedicated investor while Climate Adaptive Infrastructure and Trilantic Energy are the additional participants in this investment. With the help of this growth equity investment from TPG Rise & Others, Intersect […] Read more
Mecwin India Invests Rs 50 Cr to Set Up New Manufacturing Unit Updated On Wed, Jun 29th, 2022 by Saurenergy Bangalore-based EV start-up, Mecwin India has announced a new manufacturing unit in Bengaluru, Karnataka for EV motors and controllers. The firm is going to invest Rs 50 Cr in this manufacturing unit, it claims. According to the company’s statement, Bengaluru’s production plant for domestic EV motors and controllers will be up and running by the […] Read more
Battery Smart Raises $25 Million Funding Led by Tiger Global Updated On Tue, Jun 28th, 2022 by Saurenergy Delhi-based EV battery-swapping startup, Battery Smart has announced that they have closed the series-A funding round. In this round, Battery Smart has raised $25 Million in funding from American Investment firm, Tiger Global. Besides Tiger Global, Blume Ventures & Orios Ventures also joined as part of this investment. In November last year, Battery Smart raised $7 […] Read more
British Intl Invt invests $89 M to scale renewable energy in India Updated On Thu, Mar 31st, 2022 by Saurenergy British International Investment, formerly CDC Group, the UK’s development finance institution (DFI) and impact investor, has announced a total commitment of $89 million to scale renewable energy capacity in India. The DFI’s investment is comprised of a Rs 350 crore (US $47 million) follow-on commitment to Fourth Partner Energy, and a Rs 315 crore (US […] Read more
Australia’s Leading Miner Andrew Forrest to Invest $2.2 Billion in RE Updated On Wed, Mar 2nd, 2022 by Saurenergy Australian iron ore magnate Andrew Forrest has announced that he is investing Australian Dollar $3 billion ($2.2 billion) in renewable energy in the island country. Forrest had announced previously that he will be investing big on a global green revolution. Most of the projects for RE will be coming up in the Central Queensland region. […] Read more
