BERLIN : Volkswagen will invest 460 million euros ($482 million) by early 2025 in its Wolfsburg plant, with most of the funds to be spent for the production of the electric ID.3 model, brand chief Thomas Schaefer said on Wednesday. After full production of the compact car gets underway, which is expected by 2025, an […]
NTT India to invest USD 2 billion in data centres, submarine cable, renewables – EQ Mag
Kolkata : NTT India has earmarked around USD 2 billion to boost information and communications technology infrastructure in the country over the next three-four years, aiming to tap the rise in data consumption, a top company official said. New data centres, cloud computing, submarine cable landing stations and solar parks are key areas where NTT […]
Shenghong Group to Invest RMB 20 Billion in 50GWh Energy Storage Battery Base in Suzhou – EQ Mag
The market for energy storage technologies have been expanding rapidly in scale during recent years. Hence, many battery suppliers including CATL, CALB, and Sunwoda have been aggressively building up production capacity for energy storage batteries and energy storage systems. The boom of the market has also attracted companies operating in other sectors, and they have […]
ReNew Power To Invest Rs 30,000 Crore To Scale Capacity, Says Chairman Sumant Sinha
New Delhi, Oct 16 : Green energy company ReNew Power plans to invest Rs 30,000 crore over the next two years to scale up its solar and wind energy capacities, its Chairman Sumant Sinha said. “We have 5,000 megawatts (MW) of projects that we are building right now. We have won various auctions… Have PPAs […]
Hero MotoCorp to invest $60 mn in Zero Motorcycles to develop e-bikes – EQ Mag Pro
Hero MotoCorp on Thursday said it will invest $60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles. The country’s largest two-wheeler maker said it is finalising a collaboration agreement with the California (US)-based manufacturer of premium electric motorcycles and powertrains. The company’s board has approved an equity investment of […]
Hero Electric to invest Rs 1,200 crore to set up EV plant in Rajasthan – EQ Mag Pro
Hero Electric signed a Memorandum of Understanding (MoU) with the state government at the Invest Rajasthan summit. Electric two wheeler maker Hero Electric on Monday said it will set up a Rs 1,200 crore two million units per annum mega electric vehicle (EV) manufacturing hub in Rajasthan. The company said it has signed a Memorandum […]
Reliance New Energy Limited to invest in Caelux Corporation – EQ Mag Pro
A technology company working on perovskite based solar technology Investment to further strengthen Reliance’s leadership in advanced solar cell technology Mumbai : Reliance New Energy Limited (“RNEL”), a wholly owned subsidiary of Reliance Industries Ltd (“Reliance”), has today signed definitive agreements to invest in Caelux Corporation (“Caelux”), a company headquartered in Pasadena, California, in the […]
KKR looks to invest $400 m in Hero Future Energies – EQ Mag Pro
KKR and Co. is in superior negotiations to take a position round $400 million in Hero Group’s renewables power firm Hero Future Energies (HFE), in what can be the US non-public fairness supervisor’s single largest cheque within the Indian clear power area to this point, stated individuals conscious of the event. The ultimate rounds of […]
Austria: EIB and UniCredit Bank Austria enable companies to invest in renewable energy and energy efficiency – EQ Mag Pro
The EU bank is providing UniCredit Bank Austria with a framework loan of up to €92 million. The long-term loan supports Austria’s goal of generating 100% of electricity from renewables by 2030. The European Investment Bank (EIB) and UniCredit Bank Austria will support investments in small and medium-sized renewable energy and energy efficiency projects in […]
Chris Sacca’s Lowercarbon Capital and Toyota Ventures invest in an $11M Series A round in River, a Bangalore-based Electric Mobility Startup – EQ Mag Pro
River, a Bangalore-based startup that builds electric two-wheelers, has announced an $11 million Series A fundraise led by Chris Sacca’s Lowercarbon Capital in participation with Toyota Ventures and existing investors Maniv Mobility and Trucks VC, bringing the total funding to $13 Million (100 Crore INR). With this funding, the company plans to expand its team, […]