Hyundai India Signs MoU with FITT – IIT Delhi, Donates KONA Electric Updated On Thu, Jan 21st, 2021 by Saurenergy The Indian subsidiary of South Korean multinational automotive manufacturer, Hyundai Motor India Foundation has signed a Memorandum of Understanding (MoU) with Foundation for Innovation and Technology Transfer (FITT) – IIT Delhi. This collaboration is being done for IIT Delhi students to study alternate energy powered vehicles and emerging technologies to innovate new-age mobility solutions. The […] Read more
EV Startup Rivian Raises USD 2.65 Billion, Led by T. Rowe Price Updated On Wed, Jan 20th, 2021 by Saurenergy Rivian, an electric vehicle (EV) startup, provider of electric SUVs, has announced the closing of its latest investment round of USD 2.65 billion led by T. Rowe Price Associates, Inc. This round also included Fidelity Management and Research Company, Amazon’s Climate Pledge Fund, Coatue, and D1 Capital Partners as well as several other existing and […] Read more
US to Deploy 50 Million EVs by 2030, Accelerating EV Adoption Updated On Wed, Jan 20th, 2021 by Saurenergy The Rocky Mountain Institute (RMI) has released a report, ‘Racing to Accelerate Electric Vehicle Adoption: Decarbonizing Transportation with Ridehailing’. The Report gives insights into the Decarbonization goals of the US. As the race is on to deploy over 50 million electric vehicles (EVs) in the United States in the coming ten years. That will put […] Read more
Kia Introduces Future Brand Ambition, Announces Release of First BEVs Updated On Tue, Jan 19th, 2021 by Saurenergy Global mobility brand Kia has announced new details of its new brand purpose and ambitions for the future at a digital showcase event. It has come up with a new brand slogan ‘Movement that inspires’, which will see the company go beyond vehicle manufacturing to create sustainable mobility solutions for customers. Additionally, Kia has announced […] Read more
PFC Closes Rs 5000 Crore Bonds Issue 11 Days Ahead of Schedule Updated On Tue, Jan 19th, 2021 by Saurenergy The first Rs 5000 crore NCDs issue of PFC was subscribed close to nine times and closed for subscription 11 days ahead of the schedule The Power Finance Corporation’s (PFC) first Rs 5000 crore taxable non-convertible debentures (NCDs) issue was subscribed close to nine times on January 18, 2021, and closed for subscription 11 days […] Read more
Battery Mfg Startup Lohum Cleantech Raises $7 Million Updated On Mon, Jan 18th, 2021 by Saurenergy Lohum Cleantech, the New Delhi-based battery manufacturing and recycling startup with its plant in Greater Noida, has raised $7 million (Rs 51 crores) in a fund raise from institutional investors led by Baring Private Equity Partners. A report quoting the information released today. In an interview to SaurEnergy last year, company founder Rajat Verma had […] Read more
Ameren Missouri Acquires 300 MW Wind Project in Northwest Missouri Updated On Fri, Jan 15th, 2021 by Saurenergy Today, Ameren Missouri, a subsidiary of Ameren Corporation, closed on the acquisition of the company’s second wind energy center, a 300-megawatt (MW) project located in northwest Missouri. Clean, renewable energy from the facility is already reaching customers, even as construction continues on some of the project turbines. Approximately 100 MW are now in-service, with an […] Read more
Pepsico Sets new Goal to cut Carbon Emissions by More Than 40% by 2030 Updated On Fri, Jan 15th, 2021 by Saurenergy Pepsico has set an ambitious new goal to cut carbon emissions by more than 40% by 2030 – more than doubling its previous climate objective. Climate action can’t wait. Today we’re more than doubling our climate goal and pledging net-zero emissions by 2040, ten years ahead of the Paris Agreement target. Learn more here: https://t.co/JDxtyOzVFn #ClimateAmbition […] Read more
New York Awards Equinor and bp 2490 MW in Offshore Wind Contracts Updated On Fri, Jan 15th, 2021 by Saurenergy Equinor and bp have been selected to provide New York State with offshore wind power in one of the largest renewable energy procurements in the US to date. Equinor, along with incoming strategic partner bp, has been selected to provide New York State with offshore wind power in one of the largest renewable energy procurements […] Read more
