Innovative Battery Tech Startup Clean Electric Raises $2.2mn Led by Kalaari Capital Updated On Tue, Nov 22nd, 2022 by Saurenergy Clean Electric, an innovative energy storage solutions start-up, raises $2.2M in a seed round led by Kalaari Capital, an early-stage venture capital company with offices in Bengaluru. Additionally taking part in the round were Climate Angels, LV Fund, 7Square Ventures, and CIIE Regional Innovation Foundation. Intense safety and performance problems for EVs such as battery […] Read more
Pre-Series A Financing Led by Inflection Point Ventures Raises 11.5 Cr for Buyofuel Updated On Fri, Nov 18th, 2022 by Saurenergy Tamil Nadu-based online marketplace for alternative fuels, Buyofuel has raised more than Rs 11.5 crore in a Pre-Series A round led by Inflection Point Ventures, a Gurgaon-headquartered angel investing platform. Venture Catalysts, LetsVenture, Lead Angels Fund, and Gruhas Proptech participated in the round. The funds raised will be used to develop product offerings, technology, and […] Read more
EV Startup Chargeup Raises $7 Million in Pre-Series A1 Round Updated On Thu, Nov 17th, 2022 by Saurenergy Chargeup, a battery-swapping firm based in Delhi and an Indian FinTech (Finance-Network-Technology Platform) platform, has secured $7 million in a Pre-Series A1 investment. Along with other notable investors like Ekta Kapoor, Sunil Kalra, and Sachin Mehra, it was co-led by Capital-A and Anicut Capital. By lending loans to Chargeup, Jiraaf, a platform for high-yield alternative […] Read more
Venture Capital Firm SphitiCap Contributes $9 Million to Corrit Electric’s Series A Funding Updated On Thu, Nov 17th, 2022 by Saurenergy Noida-based fast-growing electric mobility brand, Corrit Electric has secured $9 million in Series A funding from Noida-based founder-focused, early-stage venture capital firm, SphitiCap. Corrit Electric’s investment from SphitiCap will enable it to further its goal of putting 1,50,000 Corrit Electric bikes on the road over the next three years, ramp up its current production plant, […] Read more
ReNew Power & Egyptian Govt Sign Framework Agreement for Green Hydrogen Plant Updated On Wed, Nov 16th, 2022 by Saurenergy Renewable energy conglomerate, ReNew Power and the Egyptian government have signed a framework agreement for the construction of an $8 billion green hydrogen plant in the Suez Canal Economic Zone. The green hydrogen production capacity of the plant is anticipated to be 220,000 tonnes per year. Following the Memorandum of Understanding (MoU) signed in July […] Read more
SunSource Energy Doubles Solar Goal by 2027 Updated On Tue, Nov 15th, 2022 by Saurenergy Noida-based solar & storage solution provider company SunSource Energy announced recently it will double its goal for solar energy deployment. By 2027, the objective will have risen from 550 MW to 1 GW. A growing customer base in India that wants to switch to cleaner, more environmentally friendly power would benefit from the increasing solar […] Read more
Germany’s Kfw, India’s SBI Ink EUR 150 million Pact for Solar Projects Updated On Fri, Nov 11th, 2022 by Saurenergy A financing arrangement for 150 million EUROS (EUR) has been reached by Kreditanstalt für Wiederaufbau (KfW) and the State Bank of India (SBI) to fund solar projects in India. Germany-based KfW finances investments and reform initiatives in a wide variety of sectors, including water supply, energy, and financial systems development. For the German Federal Ministry […] Read more
Auto Component Giant MT Autocraft Announces 100 Cr Investment in E-Mobility Updated On Fri, Nov 11th, 2022 by Saurenergy Electric vehicle (EV) startup MTA E-Mobility Pvt Ltd was established by MT Autocraft, a provider of machined components and assemblies, with an investment of Rs 100 crore to develop EVs and essential electrical systems. The business constructed a facility of three acres in Palwal, in the national capital area, and will exhibit its goods and […] Read more
ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America Updated On Wed, Nov 9th, 2022 by Saurenergy ReNew Power has received a loan/ green project finance from Bank of America totaling roughly Rs 800 crore, the lender’s first local project financing agreement in the renewable energy industry after a protracted absence. The company will benefit from cheaper funding costs thanks to the five-year green loan facility in rupees, as the money will […] Read more
