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, […]
Three Reasons to Invest in Solar at a Time of Record Inflation: SEIA (Solar Energy Industries Association) – EQ Mag Pro
Last month, Americans faced the highest rate of inflation in 40 years. The impact of rising prices is the most obvious in the energy sector, where supply chain constraints and the ripple effects of the war in Ukraine could result in households spending about 23% more on energy and transportation this year than in 2020. […]
ReNew to invest $8 billion to set up green hydrogen plant in Egypt – EQ Mag Pro
ReNew joins several Indian companies tapping the prospects in green hydrogen, which is considered crucial to decarbonise hard-to-abate heavy industries ReNew Power has signed a preliminary agreement with the Egyptian government to invest as much as $8 billion (over Rs 63,000 crore) to produce green hydrogen in the African country, according to the chairman of […]
Mubang Hi-Tech Plans to Invest RMB 5.2 Billion in a 10GW TOPCon Cell Production Base in Guangxi – EQ Mag Pro
Mubang Hi-Tech Plans to Invest RMB 5.2 Billion in a 10GW TOPCon Cell Production Base in Guangxi Mubang Hi-Tech and the government of Wuzhou, a prefecture-level city in China’s Guangxi Zhuang Autonomous Region, entered into an investment agreement on July 20. Under the agreement, Mubang Hi-Tech will invest RMB 5.2 billion to build a local […]
JA Solar to invest RMB 2.5 billion in wafer and cell production – EQ Mag Pro
JA Solar to invest RMB 2.5 billion in 5 GW wafers and 6 GW high-efficiency cells projects; Shuangliang Eco-Energy subsidiary to supply 7,800 tons of single crystal square ingots; Mubang Hi-Tech invests in 10 GW TOPCon PV Cell production. JA Solar to invest RMB 2.5 billion in wafer and cell production: In an announcement, solar […]
Australia’s Woodside to invest $10 million in Indian methane recycling firm – EQ Mag Pro
Australia’s Woodside Energy Group WDS.AX said on Monday it would invest $9.9 million in a greenhouse gases recycling firm and potentially use the Indian company’s technology to recycle methane in its facilities. Woodside said the technology of India’s String Bio could also be deployed at third-party sites. The investment is a part of Woodside’s goal […]
NMDC keen to invest in green energy looking to set up solar plants in Telangana Chairman Deb – EQ Mag Pro
New Delhi : National Mining Development Corporation is looking to set up solar power plants in the southern state of Telangana, according to its Chairman and Managing Director Sumit Deb. The state-run mining company is keen to invest in renewable energy, Deb told PTI, without sharing details about the investment. “Yes, we have plans. We […]
Volkswagen partners with PowerCo to invest over USD 20 billion in car battery business – EQ Mag Pro
The automaker will create a new company called Power Co under CEO Frank Blome and the production at the plant will start in 2025 German automaker Volkswagen will invest $20.38 billion to build electric vehicle (EV) batteries, creating 20,000 jobs and generating more than $20 billion in annual sales. Volkswagen broke the ground for its […]
GENSOL Engineering Ltd. Signs term sheet to invest for Majority Stake in a US-based EV Manufacturing Startup – EQ Mag Pro
GENSOL Engineering Ltd. Signs term sheet to invest for Majority Stake in a US-based EV Manufacturing Startup. For more information please see below link:
UK’s BII to Invest in New Mahindra EV Unit at $9 Billion Valuation, Shares Soar – EQ Mag Pro
Mahindra and Mahindra Ltd and British International Investment (BII) will each invest up to $250 million in the automaker’s new electric vehicle unit at a valuation of $9.1 billion, sending the Indian company’s shares soaring on Friday. BII will have a 4.8% ownership in the business, which will focus on four-wheel passenger electric vehicles (EVs). […]