Indian Wind Turbine Maker Inox Wind To Go For Fund Raise Updated On Tue, Jun 4th, 2024 by Saurenergy Indian wind energy company Inox Wind Limited (IWL) announced that its Board of Directors, in its recent meeting has approved the raising of funds in the company. With the board’s approval in place and further subject to shareholder and other regulatory approvals, the proceeds from the sale of IWL shares by IWL’s promoter Inox Wind […] Read more
EV Start-Ups River And OTO Raise $40 Million & $10 Million Respectively Updated On Wed, Feb 7th, 2024 by Saurenergy As the electric vehicle industry in India is finding ways to steady rise, the start-ups in the EV ecosystem are strengthening the supply chain and expanding by garnering fresh funds. In fresh developments, EV maker River and EV finance firm OTO have raised $40 million and $10 million to further their businesses River Secures $40 […] Read more
Indian Renewable Firm CleanMax Raises $360M From Brookfield Updated On Thu, Jun 1st, 2023 by Saurenergy Indian renewable energy company CleanMax today announced raising an equity fund from Brookfield Renewable through the Brookfield Global Transition Fund (BGTF). The BGTF focuses on investments accelerating the global transition to a net-zero carbon economy while delivering strong risk-adjusted returns to investors. This funding of USD 360 million is a mix of primary and secondary. […] Read more
Okinawa Grows Up In Fy22, Revenues Cross Rs 800 cr Updated On Mon, Nov 7th, 2022 by Saurenergy Gurugram-based electric two-wheeler manufacturer Okinawa Autotech showed a fantastic set of results in FY22. The company scaled around 7X to Rs 822 crore during FY22 from Rs 118 crore in FY21, as per the financial statements filed with the Registrar of Companies (RoC). The 7 year old Okinawa has launched eight different electric two-wheeler vehicles […] Read more
Waaree Energies Raises INR 1000 Cr Through Private Funding, Drops IPO Plans Updated On Thu, Oct 6th, 2022 by Saurenergy Waaree Energies Limited, India’s leading solar panel manufacturer, has raised around Rs 1000 crore from various investors through private funding. The promoters also participated in this equity raise at the same valuation. The proceeds will be used for expansion plans of the firm to augment its manufacturing capabilities in India from 2 GW to 9 […] Read more
Log9 Materials Raises Fresh Funding Led By Amara Raja Batteries Updated On Fri, Sep 16th, 2022 by Saurenergy Electric vehicle focused advanced battery platform Log9 Materials has raised $9.65 million (Rs 77 crores) from Amara Raja Batteries. This is the second round led by Tirupati-based batteries manufacturer in Log9 in the past year. With this round, Amara Raja Batteries now holds a 15.4% stake in Log9. The funding round appears to be still […] Read more
