Battery Startup Log 9 Materials Raises $5 million from Amara Raja Batteries Updated On Mon, Aug 9th, 2021 by Saurenergy Bengaluru-headquartered advanced battery-tech Log 9 Materials has announced an equity partnership and collaboration with Amara Raja Batteries (ARBL), one of India’s largest manufacturers of industrial and automotive batteries. The deal involves an investment of $5 Million from Amara Raja Batteries during its ongoing Series A+ funding round. For ARBL, the investment follows the announcement of […] Read more
EV Startup Toutche Expands Its Operations In UK & EU Regions Updated On Wed, Aug 4th, 2021 by Saurenergy Indian electric bike (e-bike) start-up, Toutche Plans expansion into new markets and dynamic growth plans overseas. Along with continuing to grow its presence in India, Toutche Electric today announced that it is working on expanding its geographic footprint worldwide, with growth expected in the UK & EU regions. Further gaining its ground in the global […] Read more
Adani Green Energy Q1 Results Deliver Record Revenues, Profits Over Year Ago No’s Updated On Wed, Aug 4th, 2021 by Saurenergy Adani Green Energy Ltd. [“AGEL”], a part of the Adani Group, today announced the financial results for the quarter ended June 30, 2021. The Operational Performance Snapshot for the period is as follows. Particulars Quarterly performance Q1 FY22 Q1 FY21 % Change Total Income 1,079 878 23% Revenue from Power Supply 848 609 39% Total […] Read more
Simple Energy To Produce 1 Million E-scooter Units Annually at TN Plant Updated On Wed, Aug 4th, 2021 by Saurenergy Bengaluru-based electric two-wheeler (E2W) maker Simple Energy has announced setting up its new production plant at Hosur, Tamil Nadu. Simple Energy‘s Hosur production plant will be developed around 200,000 sq ft and have a production capacity of up to 1 million units annually. The production plant is also expected to create 1,000 jobs, according to […] Read more
ReNew Signs MoU with RackBank to Power India’s First Hyper-scale Data Center Updated On Tue, Aug 3rd, 2021 by Saurenergy Gurgaon-headquartered renewable energy company, ReNew Power today announced the signing of a Memorandum of Understanding (MoU) with RackBank Datacenters Limited (RackBank) to provide power through 100% renewable energy. RackBank is a data center platform providing data center services including but not limited to dedicated servers, managed servers, and colocation services. ReNew will supply power generated […] Read more
Quantumscape Races To Deliver Its Breakthrough Solid State Battery For EV’s Updated On Tue, Aug 3rd, 2021 by Saurenergy QuantumScape founder and CEO Jagdeep Singh continues to be optimistic about his firms progress, even as the firm’s stock price has been beaten down this year. the firm, which listed after merging with a SPAC (Special Purpose Acquisition Company). The firm’s biggest shareholder is Volkswagen AG with a 26% stake. Singh highlighted a key milestone […] Read more
OMERS Infrastructure to Pay $219 M for 19.4% Stake in Azure Power Updated On Mon, Aug 2nd, 2021 by Saurenergy Canada-based OMERS Infrastructure recently announced that it has signed a Stock Purchase Agreement to acquire from International Finance Corporation and IFC GIF Investment Company I an approximately 19.4% stake in Azure Power Global Limited, for a total consideration of approximately US$219 million. Founded in 2008, Azure Power is a leading independent renewable power producer located […] Read more
Asia Held 92% Share in Global PV Module Production in 2020: Report Updated On Thu, Jul 29th, 2021 by Saurenergy The recently published Photovoltaics Report, produced under Dr. Simon Philipps (Fraunhofer ISE) and Werner Warmuth (PSE Projects GmbH), explores key details about the photovoltaics manufacturing sector at the end of 2020 in Germany, the European Union and worldwide, including Asia. The Fraunhofer Institute for Solar Energy Systems ISE, supported by PSE Projects GmbH, has been […] Read more
$150 Billion Green Deals in India by 2030 Updated On Thu, Jul 29th, 2021 by Saurenergy International investors expect $150 billion green deals in the Indian Renewables Energy sector by 2030. The money would be a function of both capacity additions in the market as well as trading between players. India’s renewables growth has been in the eyes of international investors and bankers and they are seeking green deals in the […] Read more
