funding

India | Electric Mobility | News

ACS Energy secures pre-seed funding to expand EV charging network
By November 17, 2025November 17, 2025

ACS Energy, an EV charging platform based in Maharashtra, has raised Rs 11 million in a pre-seed round led by Infection Point Ventures. The company plans to use the funds to install more than 5000 UPI-enabled EV charging stations across Maharashtra and Gujarat. The rollout will use its smart AC chargers and ACS pay platforms. The funding will also support the development of energy management systems for high-rise buildings. ACS Energy was founded in 2021…

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News | Finance | India

Offgrid Energy Labs secures $15 million in Series A funding
By September 3, 2025October 29, 2025

Offgrid Energy Labs, based in Noida, has raised $15 million in a Series A round led by Archean Chemicals Industries Ltd, with existing investor Ankur Capital also participating. The startup, which develops zinc bromine gel batteries, had earlier secured seed funding from Shell Ventures. The latest funds will support a 10 MWh demonstration plant in the United Kingdom, advance ongoing research and development, and drive commercialisation of its patented ZincGel batteries through certification, testing, and…

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India | News

Core Energy raises Rs 2 billion to expand nuclear manufacturing
By August 11, 2025August 11, 2025

CORE Energy Systems has secured Rs 2 billion in a new funding round led by investors and a group of strategic backers. The funds will support the expansion of the company’s manufacturing facilities and contribute to India’s nuclear energy initiatives, including small modular reactor (SMR) and Bharat Modular Reactor programmes. This round marks the exit of early institutional investor IDBI Capital Markets & Securities, which had invested through the Maharashtra Defence and Aerospace Venture Fund….

Read More Core Energy raises Rs 2 billion to expand nuclear manufacturing
India | News

Promethean Energy raises $2 million to scale clean heat solutions in Asia
By May 26, 2025May 26, 2025

Promethean Energy has secured $2 million in a Pre-Series A funding round led by Transition VC. Other participants included Sangam Venture, Sagana Capital, and Fondation Botnar. The Mumbai-based clean technology company will use the funds to expand its product line, scale operations, and strengthen its presence across India and Southeast Asia. It also plans to build a national network of sales and service engineers. The company is developing an AI-powered platform for thermal energy optimisation…

Read More Promethean Energy raises $2 million to scale clean heat solutions in Asia
Global | News

On.Energy secures funding for 160 MWh battery storage in Texas
By January 31, 2025January 31, 2025

On.Energy has closed construction credit facilities with Pathward and BridgePeak Energy Capital to develop its 160 MWh Palo de Agua battery storage portfolio in Texas. The financing supports On.Energy’s expansion in the United States, adding to its 80 MWh of operational assets in Houston and a pipeline of over 2 GWh of battery storage set for activation by 2028 across California, Texas, and Mexico. CEO Alan Cooper highlighted that the company has structured project…

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Global | News

Mission 300 Initiative secures over $8bn in funding
By January 30, 2025January 30, 2025

The Mission 300 initiative, aimed at providing electricity to 300 million Africans by 2030, has raised more than $8bn in funding commitments during the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, held from 27 January to 28 January 2025, as reported by Reuters. The summit was hosted by the United Republic of Tanzania, the African Union, the African Development Bank Group (AfDB), and the World Bank Group. Launched in April 2024 by…

Read More Mission 300 Initiative secures over $8bn in funding