In Short : The International Finance Corporation (IFC) will invest $20 million in Transvolt Mobility, its first global equity investment in an EV fleet platform. Part of a $50 million round, the funding will help scale Transvolt’s fleet to 8,000 electric trucks and buses across India. The company also plans to create 8,200 jobs over […]
IFC Backs Husk Power with $5 Million to Expand Solar Mini Grids in Rural Nigeria – EQ
In Short : The International Finance Corporation (IFC) has invested $5 million in Husk Power Systems Nigeria to install 108 solar-hybrid mini grids across northern Nigeria. Supported by Canada’s Renewable Energy Program for Africa, the project will provide clean energy to 115,000 people through 28,750 new connections, reducing electricity costs by 25% and significantly cutting […]
