
Shell to Acquire US-based EV Charging Firm Volta for $169 Million
Shell USA, a subsidiary of the oil major Shell, has acquired Volta, a U.S.-based Electric Vehicle (EV) Infrastructure company, in an all-cash transaction valued at approximately $169 million. The acquisition ...

Daily News Wrap-Up: Hitachi Energy to Offer Solutions to 1.44 GW Offshore Wind Farms
Here are some noteworthy cleantech developments from around the world: Hitachi Energy bagged two orders from Equinor and Polenergia to provide an AC grid connection and power quality solutions for ...

EV Charging Aggregation Platform ElectricPe Raises $5 Million in Funding
Bengaluru-based electric vehicle (EV) charging aggregation platform ElectricPe closed a pre-series A funding round of $5 million, taking the company’s total capital raised in the last 12 months to $8 ...

Neuron Energy to Invest ₹500 Million in Increasing Lithium-Ion Battery Production
Neuron Energy, a Mumbai-based lithium-ion battery manufacturer, will invest ₹500 million ($6.04 million) to increase production capacity. The investment will be split into ₹350 million ($4.2 million) of working capital ...

Battery Manufacturing Startup Clean Electric Raises $2.2 Million in Seed Fund
Clean Electric raised $2.2 million in a seed round led by a Bengaluru-based early-stage venture capital firm Kalaari Capital, to produce 5,000 electric vehicles (EV) battery packs monthly from a ...

Solid Power Posts Loss of $12.4 Million in Q3 As Operating Expenses Soar
Solid Power, Inc., a U.S.-based developer of all-solid-state battery cells for electric vehicles (EVs), reported a net loss of $12.4 million for the third quarter (Q3) 2022, a 46% increase ...

Smart Energy Storage Company Stem’s Q3 Revenue Up 150% On Higher Hardware Sales
Smart energy storage company Stem reported revenue of $100 million in Q3 FY 2022, a jump of 150% year-over-year (YoY) primarily due to higher hardware sales from Front-of-the-Meter (FTM) and ...

EV Startup Esmito Raises ₹100 Million to Expand Battery Swapping Solutions
Esmito, an IIT Madras incubated electric vehicle (EV) startup, has raised ₹100 million (~$1.25 million) in a seed round led by Mumbai-based early-stage investor Unicorn India Ventures. The funds raised ...

EV Charging Infrastructure Company TeraWatt Raises $1 Billion
California-based electric vehicle charging infrastructure company TeraWatt has secured over $1 billion of institutional capital to support the buildout of its fleet-focused charging centers and operations. Funds managed by Vision ...

EV Charging Solutions Provider goEgoNetwork Raises ₹600 Million in Series A Funding
Pune-based provider of electric vehicle (EV) charging solutions goEgoNetwork raised approximately ₹600 million (~$7.53 million) in Series A equity funding to develop and install the Fast DC Charging Station product ...

Daily News Wrap-Up: SUN Mobility to Deploy 2,000 Battery Swapping Points in Maharashtra
Here are some noteworthy cleantech announcements of the day from around the world: SUN Mobility, an electric vehicle (EV) infrastructure and services company, announced the launch of its battery-swapping network ...

BluSmart Raises $25 Million in Latest Funding to Expand its Electric Vehicles Fleet
BluSmart, an electric ride-hailing platform, announced a Series A1 round closing to raise $25 million. This was a follow-up to the Series A round in September last year, bringing the ...

Daily News Wrap-Up: SJVN Achieves Financial Closure for a 70 MW Solar Project
Here are some noteworthy cleantech announcements of the day from around the world: SJVN announced the financial closure of the 70 MW Bagodara Solar Power project in Gujarat by allocating ...

Daily News Wrap-Up: GE to Build Substations for ReNew Power’s Wind Projects
Here are some noteworthy cleantech announcements of the day from around the world: GE's Grid Solutions business announced that it had been awarded a contract by ReNew Power to build ...

EV Company Ultraviolette Acquires Connected Vehicle Technology Start-up Triloki
Ultraviolette, an electric vehicle (EV) and infrastructure company, announced the acquisition of Triloki Smart Systems, a connected vehicle technology start-up, in a push towards scaling its automotive intelligence platform across ...

Daily News Wrap-Up: L&T Bags Orders to Construct 280 MW of Solar Projects
Here are some noteworthy cleantech announcements of the day from around the world: Larsen & Toubro (L&T), through its power transmission and distribution business, bagged orders to construct a 245 ...

IIT Delhi Researchers Develop Portable Solar Tracking Towers
Researchers at the Indian Institute of Technology – Delhi (IITD) have developed portable solar photovoltaic (PV) tracking towers of 3 kW and 5 kW capacity. The towers are meant to save space ...

Daily News Wrap-Up: Oil Marketing Companies to Install 22,000 EV Charging Stations
Here are some noteworthy cleantech announcements of the day from around the world: In line with the Ministry of Power’s recently revised the consolidated guidelines and standards for electric vehicles ...

Daily News Wrap-Up: Enel to Set Up a 1 GW Solar Tracker Manufacturing Facility in Italy
Here are some noteworthy cleantech announcements of the day from around the world: Enel, an Italian gas and power utility company, and Comal, a photovoltaic projects developer, have signed an agreement to ...

Daily News Wrap-Up: IREDA’s Revenue Target ₹27.49 Billion From Lending to Renewables
Here are some noteworthy cleantech announcements of the day from around the world: Indian Renewable Energy Development Agency (IREDA) signed a memorandum of understanding (MoU) with the Ministry of New ...

Bahrain Floats Tenders for 7.5 MW of Rooftop Solar Systems and EV Charging Stations
Bahrain has issued two tenders to develop 7.5 MW of grid-connected rooftop solar systems on government buildings and car parks. 5 MW of rooftop solar tender The Ministry of Education ...

India’s Transition to a Net-Zero Economy Offers $15 Trillion Investment Opportunity
India’s transition towards a net-zero economy can contribute over $1 trillion by 2030 and $15 trillion by 2070 in economic impact, the World Economic Forum (WEF) has said in a ...

Tata Power to Jointly Develop 41 MW of Solar Projects With Tata Steel in Jharkhand and Odisha
Tata Power and Tata Steel have joined hands to develop grid-connected solar projects in Jharkhand and Odisha. The companies have signed a 25-year power purchase agreement to develop 41 MW solar projects, including ...

Daily News Wrap-up: Sunnova, ChargePoint to Offer Solar with EV Charging for Homeowners
Here are some noteworthy cleantech announcements of the day from around the world: Sunnova Energy International, a U.S.-based residential solar and storage service provider, has partnered with ChargePoint, an electric ...

Ford, SK Innovation to Invest $11 Billion to Build Mega EV and Battery Facilities
Ford Motor Company and SK Innovation plan to invest $11.4 billion to develop electric vehicle and battery manufacturing facilities in the United States. The companies will form a new joint venture called BlueOvalSK ...