Husk Power Secures $4 Million In Debt Financing From ElectriFI Updated On Mon, Apr 15th, 2024 by Saurenergy In a joint announcement today, Husk Power Systems and ElectriFI announced collaborating with each other to boost the growth of renewable energy in rural India. Husk Power is a decentralized solar-hybrid mini-grid solution provider. ElectriFI is an EU-funded impact investment facility managed by EDFI Management Company. The firms today confirmed Husk’s securing of an additional […] Read more
PM Surya Ghar: Govt Earmarks Rs 800cr For Model Solar Villages Updated On Mon, Mar 18th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now issued its notification for the rollout of its ambitious PM Surya Ghar: Muft Bijli Yojana. The ambitious scheme has planned to install rooftop solar panels onto one crore households with a financial output of Rs 75,021 crore. The ministry in its detailed financial outlay said […] Read more
Gensol Engineering Raises Rs 900cr Equity Through Preferential Round Updated On Wed, Feb 7th, 2024 by Saurenergy Gensol Engineering Limited, a renewable energy and electric mobility pioneer, today raised a significant Rs 900 crore (Rs 9 billion) equity capital through warrants convertible into equity shares on a preferential basis. This major milestone comes at a juncture when Gensol is on a growth trajectory and is leading the green energy and clean mobility […] Read more
International Battery Company Raises $35mn In Pre-Series A Round Updated On Thu, Jan 18th, 2024 by Saurenergy International Battery Company (IBC), a product and technology company that specializes in the creation of eco-friendly, large-sized rechargeable Prismatic Lithium-ion NMC batteries announced raising USD 35 Million. This includes a Pre-Series A round led by RTP Global, and contributions from a broader investment base which includes Beenext, Veda VC, and other strategic Korean and US Investors. […] Read more
To Boost Renewables, Resilient Energy Systems, US Commits $70mn Updated On Mon, Jan 8th, 2024 by Saurenergy The United States (US) Department of Energy (DOE) announced up to $70 million of funding to support research into technologies designed to increase resilience in energy delivery infrastructure. The move is likely to boost the renewables into the system and boost the capabilities of the grid infrastructure in the country. The funding would support from […] Read more
Revfin Secures $14 Million in Series B Funding Round Led by Omidyar Network Updated On Tue, Dec 26th, 2023 by Saurenergy Digital lending platform Revfin announced the successful conclusion of its Series B funding round, securing $14 million (115 crore). Omidyar Network spearheaded the round with a $5 million investment, joined by the Asian Development Bank (ADB), Companion Capital Limited, and existing investors Green Frontiers Capital and LC Nueva. This funding brings Revfin’s total capital raised […] Read more
Li-ion Battery Recycling Firm BatX Energies Raises $5 Million Funding Updated On Tue, Dec 19th, 2023 by Saurenergy Indian Lithium-ion battery recycling firm BatX Energies raised $5M in Pre-Series A Funding, fueled by Zephyr Peacock in participation with Lets Venture, and existing investors JITO Angel Network and Family offices of Mankind Pharma, Excel Industries, BluSmart and others. Setting up the momentum for the Lithium-ion Battery recycling industry in India, the funds will turbocharge […] Read more
Battery Management Firm Element Energy Raises $111 Million Updated On Wed, Nov 15th, 2023 by Saurenergy US battery management firm Element Energy, a Menlo Park-based Battery Management Technology company founded in 2019, has announced the close of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P. The Series B round is co-led by one of […] Read more
Electric Bus Maker PMI Raises Rs 250cr To Boost Green Mobility Updated On Thu, Oct 26th, 2023 by Saurenergy Indian Electric Bus Maker PMI Electro Mobility has now raised Rs 250 crore investment from Piramal Alternatives. The move will likely help the electric mobility player boost green mobility in the country. The financial partner-Piramal Alternative announced the move. “We’re happy to announce that PMI Electro Mobility has secured INR 250 Cr investment from the […] Read more
