Folks Motor Raises ₹100cr To Boost EV Manufacturing Updated On Mon, May 19th, 2025 by Saurenergy Indian automotive firm Folks Motor has secured ₹100 crore in the first close of its ₹500 crore electric vehicle (EV)-focused investment fund, aimed at bolstering domestic EV manufacturing and infrastructure. The fund, dubbed Folks Funds, is structured as an Alternative Investment Fund (AIF) Category II and targets full closure by the end of 2025. It […] Read more
Waaree-Backed Solfin Disburses ₹100cr Solar Loans In 9 Months Updated On Thu, May 15th, 2025 by Saurenergy Solfin, a tech-led renewable energy finance platform backed by Waaree Group, has disbursed more than ₹100 crore in solar loans within nine months of launching operations. The milestone follows a ₹100 crore strategic investment from Waaree Sustainable Finance Pvt. Ltd., the financing arm of Waaree Group. Solfin operates as a non-banking financial company (NBFC) and […] Read more
Aerem, OMC Eyes ₹200Cr Rooftop Solar Financing For UP MSMEs Updated On Thu, May 8th, 2025 by Saurenergy Aerem Solutions and OMC Power have announced a partnership to provide ₹200 crore in financing for rooftop solar projects aimed at Micro, Small and Medium Enterprises (MSMEs) in Uttar Pradesh. Under the agreement, Aerem, through its non-banking financial company (NBFC), will extend credit facilities to OMC Power’s customers. The initiative is intended to boost solar […] Read more
India’s Renewable Energy Sector Sees Surge In FDI: CEEW Updated On Thu, May 8th, 2025 by Saurenergy India’s renewable energy sector accounted for nearly 8 percent of total foreign direct investment (FDI) inflows in the financial year 2024-25, up from about 1 percent in FY21. The trend was revealed in the latest Market Handbook released by the Council on Energy, Environment and Water’s Green Finance Centre (CEEW-GFC). The sector attracted USD 3.4 […] Read more
Jupiter Secures ₹500cr Investment From ValueQuest SCALE Fund Updated On Mon, Apr 14th, 2025 by Saurenergy Jupiter International Limited, a manufacturer of photovoltaic solar cells and provider of end-to-end solar power solutions, announced today that it has secured a ₹500 crore (approximately $60 million) investment from ValueQuest SCALE Fund and its affiliates. This marks ValueQuest’s second investment in the company. Jupiter currently operates a 1 GW solar cell manufacturing facility in […] Read more
IREDA Secures JPY 26 Billion ECB Facility from SBI Tokyo Updated On Fri, Mar 28th, 2025 by Saurenergy Indian Renewable Energy Development Agency Limited (IREDA) has signed a Facility Agreement today for raising External Commercial Borrowing (ECB) from SBI, Tokyo Branch for JPY 26 billion, including a Green Shoe Option of JPY 10 billion. This five-year unsecured facility, with bullet payment at maturity, is set to strengthen IREDA’s global market presence. The landed […] Read more
IREDA Raises ₹910.37cr Through Privately Placed Tier-II Bonds Updated On Tue, Mar 25th, 2025 by Saurenergy Indian Renewable Energy Development Agency Limited (IREDA) has raised ₹910.37 crore through the issuance of Privately Placed Subordinated Tier-II Bonds for a 10-year tenure at an annual coupon rate of 7.74%. The raising of Tier-II Bonds aims to tap liquidity in the current financial market and support the borrowing plan of the company. The funds […] Read more
Ayana Renewable To Raise Rs 150 Cr From IL&FS Mutual Fund Updated On Tue, Mar 18th, 2025 by Saurenergy Renewable energy company, Ayana Renewable is set to raise Rs 150 crore (approximately $17.4 million) in debt from IL&FS Mutual Fund. This funding comes just a month after the company signed a share purchase agreement with the ONGC-NTPC Joint Venture. The board at Ayana Renewable has passed a special resolution to issue 1,500 non-convertible debentures […] Read more
Amrut Energy Secures ₹100 Cr From Private Equity Investors Updated On Thu, Mar 13th, 2025 by Saurenergy Amrut Energy Pvt Ltd, a leading manufacturer of solar water pumps and renewable energy solutions from Ahmedabad, has successfully raised ₹100 crores in funding from private equity investors. This investment will propel the company’s rapid growth, expand its manufacturing capabilities, drive research and development, and scale operations across underserved regions. The investment will expand manufacturing […] Read more
