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Blue Planet raises US$25 million from Nomura

By : Sustainability ..., Mar 26, 2020

Singapore-headquartered Blue Planet Environmental Solutions Pte Ltd (Blue Planet) today announced it has raised US$25 million from Nomura, Asia’s global investment bank. This strategic engagement by Nomura’s Loans and Principal Investments Area in Asia ex-Japan will help Blue...

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ZunRoof Bags $3 Mn From Godrej For IoT-Based Solar Rooftops

By : Sustainability ..., Mar 17, 2020

Gurugram-based cleantech startup ZunRoof has raised $3 Mn in its Series A funding round from real estate and consumer goods conglomerate Godrej’s investment arm — Godrej investment office. ZunRoof founder and CEO Pranesh Chaudhary told Inc42 that the funding will be used to...

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IIT-Kgp's ''Deshla'' e-vehicle project gets funding for building

By : Sustainability ..., Mar 16, 2020

The IIT Kharagpur''s ''Deshla'' electric vehicle project has secured funding from a leading trusteeship firm for developing aerodynamic body panel design of a next-generation electric three-wheeler. The lightweight structure will enable the electric vehicles to achieve a peak...

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Hero MotoCorp's Pawan Munjal invests $1 million in Ola Electric Mobility

By : Sustainability ..., Mar 16, 2020

Pawan Munjal, the chairman and managing director of Hero MotoCorp, has invested about $1 million in Ola Electric Mobility through his family trust. Hero MotoCorp, which sells one of every two motorcycles locally, said recently it would spend Rs 10,000 crore on alternative...

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Govt invites Germany’s state-run KfW to fund transmission projects

By : Sustainability ..., Feb 20, 2020

Indian government representatives on Wednesday met representatives of Germany’s state-run bank KfW to discuss the financing of new transmission projects being built across the country for upcoming renewable energy projects. KfW has already promised to loan 500 million euros...

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Farm sector booster dose through Kusum scheme for solar pumps

By : Sustainability ..., Feb 17, 2020

The UP government is likely to lend a budgetary push to the ambitious PM Kisan Urja Suraksha evam Utthan Mahaabhiyan (PM-Kusum) scheme envisaging solarisation of agricultural pumps up to a capacity of 7.5 horse power. Power officials confirmed that the energy department would...

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Ather Energy to look beyond 2-wheelers in 5 years

By : Sustainability ..., Feb 13, 2020

Bengaluru-based electric scooter manufacturing start-up Ather Energy is considering expanding beyond the two-wheeler space that it currently operates in, in the next 4-5 years, said the company’s co-founder and chief executive officer, Tarun Mehta. It is looking at raising...

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Bengaluru-based bike rental start-up Bounce raises over $100 million in funding

By : Sustainability ..., Jan 24, 2020

Bengaluru-based start-up Bounce, on Thursday, announced that it had raised an additional $105 million (₹746.33 crore) in its Series-D funding round. The funding was co-led by existing investors Eduardo Saverin from B Capital and Accel Partners India, TechCrunch reported. The...

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Electric vehicles maker Pi Beam raises bridge funding from GAIL

By : Sustainability ..., Dec 11, 2019

Pi Beam Labs Pvt. Ltd, which builds affordable electric utility vehicles, has raised Rs 5 crore ($705,000 at current exchange rate) in a bridge funding round from state-owned natural gas distribution company GAIL (India) Ltd, according to reports. The company, which was...

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Funding blues for green companies, discoms over REC-PFC deal

By : Sustainability ..., Jan 31, 2019

Renewable energy firms and state power distribution companies fear a funding crunch in the power sector due to the takeover of REC by Power Finance Corp (PFC), even as both state-run firms...

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