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investment

Strategic Investors For Sterling & Wilson Data Centre Business, Unit To Be Hived Off

Sterling and Wilson Private Limited (Sterling and Wilson/ SWPL), a Shapoorji Pallonji Group Company, and one of India’s leading engineering, procurement, and construction (EPC) companies, announced that it has signed definitive agreements with a group of strategic investors to carve out its Data Centre business into a new entity. A frontrunner amongst its peers, Sterling […]

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Revfin Inks Deal With Sun Mobility For EV Financing

Electric Vehicle maker SUN Mobility and Revfin have collaborated to offering innovative financing solutions for fleet and passenger vehicles utilizing SUN Mobility’s Battery-as-a-Service (BaaS) model. Revfin will finance two-wheelers for fleet business and three-wheelers for cargo and passenger vehicle segments. SUN Mobility also plans to deploy almost 100k of these vehicles under the BaaS model, […]

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Korkia & Econous Green Energy Partner To Develop 600 MW Solar Power In Romania

Korkia and Romania-based renewable energy developer Econous Green Energy have set up a partnership to develop 600 MW of solar energy in Romania. Initial projects are expected to be licensed and ready for construction in 2025. According to a media statement by Korkia, 600 MW of photovoltaic capacity means approximately 780,000 MWh of electricity production, […]

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EV Maker VinFast Steps Into Global Electric Charging Sector

Electric Vehicle (EV) manufacturer VinFast announced the establishment of V-Green Global Charging Station Development Company (V-Green). According to a media release, VinFast launched the EV charging company to develop a comprehensive charging infrastructure system that prioritizes supporting VinFast vehicles. Spun off from VinFast charging station development division, V-Green, majority-owned by Mr. Pham with a 90% […]

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Germany-based RWE Begins Building 330 MW UK Solar Projects

Germany-based clean energy company RWE has initiated work related to seven projects, representing 330 megawatts (MW) of new, clean electricity capacity, now entering construction in the United Kingdom. The projects are the first to be constructed from the solar portfolio secured by RWE through its acquisition of JBM Solar, one of the UK’s largest independent […]

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Central Government Approves New E-Vehicle Policy Focused On Domestic Manufacturing

Centre today approved a policy regarding investments for manufacturing e-vehicles in India. The Central government said that the scheme is meant to promote India as a manufacturing destination so that e-vehicles with the latest technology can be manufactured in the country. The policy is designed to attract investments in the e-vehicle space by reputed global […]

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Hyundai, Kia To Recall 1,70,000 EVs Over Software Issue In South Korea: Report

Hyundai Motor Co and sister company Kia Corp have announced that they will recall about 170,000 electric vehicles (EVs) in South Korea over problems with software in the charging systems, reported news agency Reuters quoting South Korea’s transport ministry. “Hyundai Motor and Kia will take prompt actions to prevent customer inconvenience and will continue to […]

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E-2W, 3W To Witness Increase Uptake Despite FAME-II Subsidy Reduction: ICRA

India-based investment information and credit rating agency (ICRA) estimated a surge in Indian electric two-wheeler e-2w, and e-3w three-wheeler (excluding e-rickshaws) penetration levels can reach 6-8% and 14-16% respectively in FY2025. The company opined that the government Electric Mobility Promotion Scheme 2024 is a timely move to support the adoption of electric vehicles (EV) in […]

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