fundraising

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Torrent Power Raises ₹35 Billion in Qualified Institutional Placement

Gujarat-based energy generation and transmission company Torrent Power has raised ₹35 billion (~$412.77 million) through qualified institutional placement (QIP) of...

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Daily News Wrap-Up: Odisha Offer for Sale of 500 MW Solar Power

Grid Corporation of Odisha (GRIDCO) has invited bids from intra-state off-takers to buy 500 MW of solar power through a tariff-based competitive bidding process with a...

December 27, 2023

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Mercom Staff

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Daily Wrap-up
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Battery Smart Raises $33 Million in Pre-Series Funding to Expand Customer Base

Gurugram-based Battery Smart, a battery-swapping stations network for electric two and three-wheelers, has raised $33 million by closing a pre-series B funding round....

July 6, 2023

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Gourav Mishra

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Electric Vehicles

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Finance and M&A
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EV Startup Vegh Raises $5 Million to Expand Equipment Manufacturing

Punjab-based electric-two-wheeler manufacturing startup Vegh has secured $5 million in a strategic pre-series investment round from an undisclosed investor. The proceeds...

July 5, 2023

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Gourav Mishra

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Electric Vehicles

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Grid
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Loom Solar Raises $2 Million from US-Based Asset Manager

Haryana-based solar technology startup Loom Solar raised $2 million in funding from the U.S.-based asset manager Social Investment Managers and Advisors (SIMA Funds) to...

January 18, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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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...

January 5, 2023

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Gourav Mishra

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Electric Vehicles

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Finance and M&A

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Grid
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PV Leasing Firm Enpal Raises €855 Million for Solar Projects in Germany

Photovoltaics (PV) leasing firm Enpal has raised €855 million (~$908.78 million) from international investors to jointly refinance over 30,000 new solar systems, energy...

December 19, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Promoters Infuse ₹6.2 Billion to Help Inox Wind Cut Debt

The promoters of India-based wind energy solutions provider Inox Wind have infused ₹6.2 billion (~$75.34 million) into the company to clear its debts, the company said...

December 8, 2022

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Gourav Mishra

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Finance and M&A

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Other
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Continuum Raises $350 Million Debt for Expansion of Clean Energy Projects

India-focused renewable energy platform Continuum Green Energy has raised $350 million from two marquee global institutional investors to finance the expansion of its...

July 14, 2022

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Gourav Mishra

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Finance and M&A

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Other

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Renewable Energy
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Second-Life Battery Energy Storage Company Secures $18 Million in Funding

The Hinduja Group, along with Caterpillar Venture Capital, Mercuria, Our Crowd, and Volvo Energy, is investing £15 million (~$18.45 million) in Connected Energy, a...

June 21, 2022

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Vijayalakshmi Sridhar

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Energy Storage

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Market & Policy
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Adani Green Raises $362.5 Million Through Issuance of Green Bonds

Adani Green Energy Limited (AGEL) has announced that its subsidiaries, Adani Renewable Energy Limited, Wardha Solar (Maharashtra), and Kodangal Solar Parks Private...

October 4, 2019

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shaurya

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Finance and M&A

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Solar

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