Amara Raja Batteries Limited Is Now Amara Raja Energy & Mobility Limited Updated On Thu, Sep 28th, 2023 by Saurenergy Two years ago, Amara Raja Batteries Limited (ARBL), which delves in industrial and automotive battery sector (listed as BSE: 500008 and NSE Code: AMARAJABAT), announced to direct its focus beyond batteries and address the larger energy and mobility space. The firm has now capped off the journey with the official name change to Amara Raja […] Read more
Blending Finance Is Key to India’s Net Zero Pathway: IFC Report Updated On Wed, Sep 27th, 2023 by Saurenergy A latest report by the International Financial Corporation (IFC) on Blended finance describes finance as a key element in supporting India’s energy transition. The report said that the blended finance can drive more private capital to high-impact climate projects, says an IFC report. The report, Blended Finance for Climate Investments in India, highlights blended concessional […] Read more
Musashi, Delta and Toyota in JV For EV Drives Updated On Wed, Sep 27th, 2023 by Saurenergy Musashi Auto Parts India Pvt Ltd (Musashi), a 100% owned subsidiary of Musashi Seimitsu Industries, Japan and a leading manufacturer of two-wheeler and four-wheeler transmission components in India, has entered into a joint venture with Delta Electronics, Inc. (Delta) and Toyota Tsusho Corporation (Toyota Tsusho) to sell EV drive units for two-wheeled vehicles in India. […] Read more
Battery Materials Firm GEM In Indonesian JV To Diversify Risk, Protect US, EU Markets Updated On Wed, Sep 27th, 2023 by Saurenergy Shenzhen, China based GEM, the largest supplier of battery raw materials in China and the leading battery recycling firm in China and globally, has announced plans to invest about USD750 million in two new plants in Indonesia in a move aimed at diversifying its manufacturing base and developing global industrial supply chains in alignment with […] Read more
Norwegian Battery Maker Morrow Nets €100m Equity Funding Updated On Wed, Sep 27th, 2023 by Saurenergy Norwegian battery start-up Morrow Batteries has scooped up €100m in an investment round led by Siemens Financial Services and ABB. Other investors in the round were Nysnø Climate Investments and Arendals Fossekompani, as well as the company’s existing shareholders PKA, NOAH and Agder Energi Invest. Morrow, starting with its first battery cell factory opening in […] Read more
Pexapark Infused with Funding Worth €20m in Series C Round Updated On Tue, Sep 26th, 2023 by Saurenergy Pexapark, a Switzerland-based firm that helps make PPAs for renewables, has been injected with funding worth €20m in Series C round. The fresh funding round was led by Telstra Ventures, a global investor in technology. It also saw participation from Swisscom Ventures and the A&G Energy Transition Tech Fund. “This fresh injection of capital takes […] Read more
Solar Power Costs Dipped 87% Globally In Last 10 Years: Study Updated On Tue, Sep 26th, 2023 by Saurenergy A recent report by the Mercator Research Institute on Global Commons and Climate Change claimed that the cost of electricity from solar power globally has fallen by 87 percent in the last 10 years. At the same time, the cost of battery storage plummeted by 85 percent during the same period. The recent innovation in […] Read more
Electric Motorcycle Startup Raptee Pockets $3 Mn in Pre-Series A Round Updated On Tue, Sep 26th, 2023 by Saurenergy EV Motorcycle Startup, Raptee has raised $3 million in a Pre Series A round led by deep-tech VC fund Bluehill Capital. The all-equity funding round saw participation from investors including Eugene Mayne, Founder and CEO of Tristar Global (UAE), Lakshmi Narayanan, Former CEO Cognizant, Ramesh Kannan, Managing Director, Kaynes Technology, Chandu Nair, Director, Shankara Building […] Read more
Serentica Renewables Gets Capital Infusion of INR 3000 Cr from REC Updated On Mon, Sep 25th, 2023 by Saurenergy Serentica Renewables, a C&I focused renewable energy developer in India, has announced the completion of INR 3000 crores of debt funding from REC Limited – one of India’s largest power sector lenders. REC’s support is expected to assist Serentica in developing its hybrid renewable energy projects coming up in Karnataka. The company is setting up […] Read more
