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energy investments

USAID, DFC to Grant $41 Mn Loan to Help Indian SMEs Finance Rooftop Solar

USAID and DFC are sponsoring a USD 41 million loan portfolio to help finance investments by Indian SMEs in renewable energy, including rooftop solar. The United States Agency for International Development (USAID) and the U.S. International Development Finance Corporation (DFC) are jointly sponsoring a USD 41 million loan portfolio guarantee to help finance investments by […]

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BLive Raises $1 Million Investment in Pre-Series A Round From Four Investors

A Goa-based travel tech platform that offers electric bikes for immersive experiential tours, BLive has announced that it has raised an investment of USD 1 million as part of the follow-on capital of the Pre-Series A round. The EV tourism initiative BLive has informed that the funding was a combination of debt and equity was […]

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Euler Motors Closes its ‘Series A’ Investment Round at $9.5 million

Delhi-based electric last-mile logistic solutions provider, Euler Motors has announced that it has closed its Series A funding round at USD 9.5 million, with additional investments of USD 2.6 million from ADB Ventures and Blume Ventures. The investments were made by the ADB Ventures Equity Fund, which is ADB Ventures’ first investment fund in any […]

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Electric Vehicle Demand in India More Than Doubled in the Last 3 Years

In a written reply to a question on electric vehicles (EVs) in the Lok Sabha, Minister of State for Heavy Industries Arjun Ram Meghwal said that the number of registered EVs as per the e-Vahan portal during the last three years has seen a consistent increase. As against 69,012 units of EVs sold in India […]

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Europe To Become World’s Second Largest Li-ion Battery Manufacturer By 2025

Europe is all set to become the world’s second-largest manufacturer of lithium-ion battery cell by 2025, said a European Commission (EC) vice-president, although some key challenges need to be addressed. In a high-level ministerial meeting of the European Battery Alliance (EBA), to support the continent’s multinational drive for a huge domestic production base and supply […]

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Only 18% of Announced Recovery Spending can be Considered ‘Green’: Report

An analysis of spending by leading economies has found that only 18 percent of announced recovery spending can be considered ‘green.’ One year from the onset of the pandemic, recovery spending has fallen short of nations’ commitments to build back more sustainably. An analysis of spending by leading economies, led by Oxford’s Economic Recovery Project […]

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MNRE Issues Amended Draft Policy for Promoting DRE Livelihood Applications

MNRE has issued a revised draft of its policy framework for developing and promoting DRE livelihood applications in rural areas of India The Ministry of New and Renewable Energy (MNRE) has issued a revised draft of its policy framework for developing and promoting Decentralised Renewable Energy (DRE) livelihood applications. The ministry has invited comments/suggestions from […]

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University of Birmingham Teams up with ARAI on Transport Research

The University of Birmingham and ARAI have signed an MoU agreeing to identify joint research interests in the transport sector including EVs. The University of Birmingham and The Automotive Research Association of India (ARAI) based in Pune, India, have signed a Memorandum of Understanding (MoU) agreeing to identify joint research interests in the fields of […]

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Waaree Subsidiary Sangam Renewables Commissions 16 MW Solar Plant

Sangam Renewables, a publicly listed subsidiary of Waaree Energies, has announced on March 4 that it has commissioned a 16 megawatt (MW) solar project in Gavhankund, Maharashtra. The project has been commissioned through subsidiary Waacox Energy Private Limited, Sangam Renewables said in an exchange filing. “Waacox Energy Private Limited, a material subsidiary, of the company […]

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