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15 Minutes EV Rapid Charging Startup, Exponent Energy raises Series A round of $13 million led by Lightspeed – EQ Mag Pro

This is Lightspeed India’s first investment in the Indian EV space. All existing institutional investors – YourNest VC, 3one4 Capital & AdvantEdge VC also participated Company to utilize the funds to scale up the e^pump network to 100 location points per city, starting with Bengaluru; streamline e^pack production; and deliver more Exponent enabled EVs Exponent […]

BYD India Inaugurates Its First Dealership Showroom of Passenger Vehicles in India – EQ Mag Pro

Chennai, India : BYD India Private Limited, a subsidiary of the world’s leading new energy vehicle manufacturer, BYD, today inaugurated its first dealership showroom of passenger vehicles at Ernakulam. The dealership will be managed by EVM Southcoast in Kochi. The showroom was inaugurated by Sabu Johny, Managing Director of EVM Group in the presence of […]

Agreement signed with D. E. Shaw Renewable Investments for the long-term supply of 3.75–5 GW of solar modules, accelerated expansion of production capacities to 3 GW planned, potential capital measure in preparation, half-year results – EQ Mag Pro

An agreement has been signed with D. E. Shaw Renewable Investments (DESRI) for the supply of at least 3.75 gigawatts (GW) of solar modules. A potential capital measure to finance the accelerated expansion to approximately 3 GW in connection with the agreement with DESRI, to be launched in the next months, is being prepared. Results […]

ReNew ties-up ~US$ 1-billion ECB consortium loan for largest singleproject funding in Indian RE sector – EQ Mag Pro

Oversubscribed 1.4X, highlighting ReNew’s strong financial profile Consortium of 12 international lenders, including seven first-time project lenders to ReNew Largest renewable project with 1,300-MW capacity; unique project with Round-the-Clock (RTC) power supply, battery-enabled hybrid capacity Single-largest project finance facility for single Indian renewable energy project at highly competitive pricing Gurugram, India : (“ReNew” or “the […]

Extension of Bid submission Deadline-II: Tender for Supply and Transportation of 1680 MWp Domestically Manufactured Solar PV Modules with Domestically Manufactured Solar Cells – EQ Mag Pro

Extension of Bid submission Deadline: Tender for the Manufacturing, Testing, Packing and Forwarding, Supply and Transportation of 1680 MWp Domestically Manufactured Solar PV Modules with Domestically Manufactured Solar Cells. Owner: Solar Energy Corporation of India Limited (SECI), New Delhi, India Tender No: SECI/C&P/OP/11/0001/2022-23 Tender Search Code (TSC): SECI-2022-TN000019 Extension of Bid submission Deadline: Existing Date […]

Mahindra Susten, the Cleantech arm of the Mahindra group welcomes Mr. Deepak Thakur as the new MD & CEO

Mahindra Susten, the Cleantech arm of the Mahindra group welcomes Mr. Deepak Thakur as the new MD &CEO, effective August 16, 2022. Mr. Thakur will oversee the Renewables businesses, comprising Mahindra Solarize & Mahindra TEQO apart from Mahindra Susten. He will be directly reporting to Dr. Anish Shah, Managing Director & CEO of Mahindra Group. […]