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BatteryPool raises Rs 8 crore in Pre-Series A round
BatteryPool, an Indian startup offering flexible, pay as you go battery access for electric vehicles, has raised Rs 8 crore in a Pre-Series A funding round. The investment was led by Inflection Point Ventures (IPV), with participation from Indian Angel Network (IAN), Chennai Angels, Keiretsu Forum, and several high net worth individuals. The company currently…
KPIL raises Rs 10 billion via QIP
Kalpataru Projects International Limited (KPIL) has successfully raised Rs 10 billion through a qualified institutional placement (QIP). The proceeds will be used to strengthen the company’s balance sheet, improve financial flexibility, and support its growth initiatives.
Tata Motors, Thunderplus partner to deploy 5,000 EV chargers for fleets
Tata Motors and Thunderplus have signed a memorandum of understanding (MoU) to set up 5,000 EV charging stations across India, targeting commercial fleet operators. Under the agreement, Tata Motors will roll out public charging stations in major cities across Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Delhi, West Bengal, Bihar, and Maharashtra. The chargers will be…
Reliance incorporates two subsidiaries for renewable energy projects
Reliance Energy Limited (REL), a subsidiary of Reliance Infrastructure Limited, has established two wholly-owned subsidiaries to implement renewable energy (RE) projects in India. The subsidiaries, Reliance Zetta SolarTech Private Limited and Reliance Zetta Solar Private Limited, will focus on solar and other RE power generation projects, as well as associated transmission and distribution projects.
J&K’s new hydro policy faces pressure from expanding solar footprint
As Jammu & Kashmir prepares a new policy to promote small hydroelectric projects, energy experts are raising concerns about the long-term viability of such investments amid the rapid growth of solar power across the region, according to a report by local news outlet Ziraat Times. The proposed hydro policy focuses on micro and mini hydropower…
US DOE launches $30m AI4IX programme to accelerate energy interconnections
The Biden-Harris Administration, through the US Department of Energy (DOE), has announced $30 million in funding for the Artificial Intelligence for Interconnection (AI4IX) programme. This initiative, supported by the Bipartisan Infrastructure Law, aims to enhance the integration of new energy projects into the power grid by leveraging advanced artificial intelligence (AI) technologies. The AI4IX programme…
