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capital deployment

Euler Motors & Fyn Partner to Drive Logistics for Fast Charging EVs

A vertically integrated EV as a service platform, Fyn, has announced a strategic partnership with Euler Motors to procure 2000 fast charging three-wheeler EVs. Through this alliance, the firm claims, Euler Motors will empower Fyn to establish the country’s largest three-wheeler fast charging EV fleet, dedicated to serving the burgeoning B2B sector with its flagship […]

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India & US Shore Up Partnership to Anchor $500 Mn RE Infrastructure Investment Fund

A joint investment fund of up to $1 billion to aid India’s initiatives aimed at the adoption of green technology has got the nod from US President Joe Biden and Narendra Modi. In an initiative that will strengthen India-US bilateral relationship in the renewable energy space, India’s National Investment and Infrastructure Fund and the US […]

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Cabinet Approves Rs 3,760cr For VGF Scheme On Battery Storage

Union Minister Anurag Thakur said that the Union Cabinet today approved a special scheme of Viability Gap Funding (VGF) for the battery energy storage system manufacturers in India. After the Cabinet meeting, he briefed the media on the issue today in New Delhi. Prime Minister Narendra Modi chaired the meeting. The announcement came days before […]

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Govt Releases Framework For Promoting Energy Storage

The Ministry of Power has now released a detailed framework for promoting energy storage systems (ESS) in the country. The framework includes the promotion of battery storage systems as well as pumped storage systems.  The ministry guidelines advocated for a Viability Gap Funding (VGF) of up to 40 percent of the project’s capital cost to make […]

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Modi Government To Stump Up A Share Of Rs 20,000 Cr for 10,000 E Buses

The Union government has pushed out a scheme to accelerate adoption of electric buses across 100 key cities in India. These cities, with a minimum population of 3 lac people or more, will cover all capital cities of hill states, North East States and Union Territories. Cities lacking transport infrastructure will be at the front […]

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7 Top Automakers In JV to Accelerate Electric Vehicle Charging in North America

Seven prominent global automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, and Stellantis NV – are forming a joint venture (JV) to expedite the shift to electric vehicle in North America, to enhance the convenience, accessibility, and reliability of EV charging. The joint venture will encompass the creation of a new high-powered […]

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Jammu & Kashmir Set to Welcome First Fleet of E-Buses

Srinagar will be welcoming its first fleet of electric buses soon. The first prototype of the bus has already marked its entry in Srinagar and is all set for a trial run. Srinagar will welcome a total of 100 smart buses, of which, the first 25 to 30 buses will mark their arrival this month. […]

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Low Carbon Secures £400 Mn Investment from MassMutual for Renewable Energy

Renewable energy developer Low Carbon has secured £400m from its strategic partner Massachusetts Mutual Life Insurance Company to invest in renewable energy projects across the UK, Europe and North America. The £400m capital commitment from MassMutual will provide liquidity for Low Carbon’s pipeline of projects up until 2025. Announced in November 2021, the strategic partnership […]

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India Power Senior Engineer

The role will be focused on delivering services in the renewable energy sector as either Owner’s Engineer or Independent Engineer which may include: feasibility studies, project design, project development services, technical due diligence, construction monitoring, acceptance testing, performance and operational services, as well as involvement in winning and delivering new projects across the globe. Responsibilities may include:- […]

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