Avaana Capital Draws First Tranche of GCF’s USD 24.5mn Updated On Wed, Jun 18th, 2025 by Saurenergy Avaana Capital has announced the first drawdown of the Green Climate Fund’s (GCF) USD 24.5 million commitment to the Avaana Sustainability Fund, marking the GCF’s first venture capital investment in India. The investment is anchored by the Small Industries Development Bank of India (SIDBI), acting as the accredited entity under the guidance of the Department […] Read more
Stride Green Raises $3.5Mn Seed Fund From Micelio, Incubate, Others Updated On Thu, Jun 5th, 2025 by Saurenergy Stride Green, a climate-tech-focused asset financing and lifecycle management platform, has raised $3.5 million as part of its Seed Funding Round, led by Micelio Technology Fund, Incubate Fund Asia, and other strategic investors. Founded by Ishpreet Gandhi & Vivek Jain, Stride Green intends to empower sustainable businesses through innovative asset management and finance solutions and […] Read more
Serentica Clinches $100 mn Loan for BALCO Solar Project Updated On Thu, Jun 5th, 2025 by Saurenergy Serentica Renewables has secured more than USD 100 million in external commercial borrowing (ECB) from Rabobank and Société Générale to develop a 300 MW solar project in Rajasthan that will supply power to Bharat Aluminium Company Ltd (BALCO), a subsidiary of the Vedanta Group. This marks Serentica’s second ECB deal, reinforcing the company’s push to […] Read more
SAEL Gets $132Mn from NDB, AIIB, Others for AP Solar Project Updated On Fri, May 30th, 2025 by Saurenergy SAEL Solar MHP1, a subsidiary of SAEL Industries Ltd., has secured debt finance amounting to US$132 million from three global financial institutions — Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale. SAEL Solar MHP1 would use the funding to develop a solar power project in Andhra Pradesh. Each institution has committed […] Read more
Mufin Green Finance Secures $18 Million to Boost EV Lending for MSMEs Updated On Tue, May 27th, 2025 by Saurenergy Mufin Green Finance has raised $18 million in debt funding from a US-based institution to expand electric vehicle (EV) financing and leasing solutions for India’s micro, small and medium enterprises (MSMEs). The 10-year loan includes an initial disbursement of $10 million, with the remaining $8 million expected within 12 months, the company said in a […] Read more
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
