investment

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Residential Solar Company SolarSquare Raises $40 Million in Series B Funding

Mumbai-based rooftop solar company SolarSquare has raised $40 million in a Series B funding round. Lightspeed led the round with participation from Lightrock....

December 12, 2024

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Tina Freese

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Finance and M&A

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Solar
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AMPIN, CIP to Invest $300 Million for 2 GW Renewable Energy Projects

New Delhi-based AMPIN Energy Transition has expanded its partnership with Copenhagen Infrastructure Partners (CIP) to develop 2 GW renewable energy projects across India...

November 19, 2024

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Tina Freese

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Finance and M&A

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Renewable Energy
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IndiGrid, BII and Norfund to Launch $300 Million Platform for BESS Projects

IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have launched EnerGrid, a $300 million platform focusing...

November 13, 2024

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Tina Freese

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Finance and M&A

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Renewable Energy
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EV Startup MOOEV Raises ₹40 Million in Seed Funding Round

Electric vehicle (EV) startup MOOEV Technologies has raised ₹40 million (~$474,683) in a seed funding round led by Bizdateup. The funding round included investors like...

November 6, 2024

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Tina Freese

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Electric Vehicles

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Renewable Energy
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NTPC Green Gets SEBI’s Nod for ₹100 Billion IPO

NTPC Green Energy has received approval from the Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO) of equity shares. The company...

October 30, 2024

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Tina Freese

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Finance and M&A

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Renewable Energy
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Strides Pharma to Procure Solar Power from AMPIN’s Project in Chennai

Bengaluru-based pharmaceutical company Strides Pharma Science has announced an investment of ₹16.1 million (~$191,495) to acquire a 2.48% stake in AMPIN Energy C&I...

October 28, 2024

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Tina Freese

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Finance and M&A

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Solar
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Daily News Wrap-Up: Corporate Funding for Energy Storage Up 15% in 9M 2024

Corporate funding for energy storage rose 15% year-over-year in the first nine months (9M) of  2024, while it decreased 33% for smart grids in the U.S. Corporate funding...

October 28, 2024

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Mercom Staff

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Daily Wrap-up
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Battery Component Manufacturer GFCL EV Products Raises ₹10 Billion

GFCL EV Products, a manufacturer of intermediate materials for lithium-ion batteries and a part of INOXGFL Group, raised ₹10 billion (~$118.9 million) at an equity...

October 23, 2024

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Tina Freese

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Finance and M&A

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Renewable Energy
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Gensol Incorporates Three Subsidiaries for Renewable Energy Expansion

Gensol Engineering, a solar energy consultancy and EPC solutions provider, has acquired 100% of the equity in three newly incorporated companies to expand its renewable...

October 22, 2024

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Tina Freese

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Finance and M&A

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Renewable Energy
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Hindustan Zinc to Procure 530 MW Renewable Energy from Serentica

Integrated mining and resources company Hindustan Zinc will procure 530 MW of round-the-clock (RTC) power from Serentica Renewable India’s renewable energy projects...

October 21, 2024

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Tina Freese

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Finance and M&A

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Renewable Energy
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Inox Green Allots 2.76 Million Equity Shares to Non-Promoter Warrant Holders

The board of directors at Inox Green Energy Services (INOX Green), a wind power operations and maintenance service provider, has allotted 2.76 million equity shares with...

October 8, 2024

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Tina Freese

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Finance and M&A

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Wind
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Dalmia Cement to Procure 11.2 MW Solar Power from Solsolis Energy

Dalmia Cement (Bharat) (DCBL), a wholly-owned subsidiary of Dalmia Bharat, will procure up to 11.2 MW of solar power as a captive consumer from Solsolis Solar Energy...

September 20, 2024

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Gautamee Hazarika

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Consumers

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Solar
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Carborundum to Source 10 MW Power from Grian Energy’s Renewable Project

Engineering company Carborundum Universal (CUMI) has invested ₹80 million (~$954,426) for a 4.19% stake in New Delhi-based Grian Energy (GEPL) which is setting up a...

September 17, 2024

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Tina Freese

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Renewable Energy
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Samvardhana Motherson Acquires 11% Stake in Israel’s REE Automotive

Automotive component manufacturer Samvardhana Motherson International (SAMIL), through its wholly-owned subsidiary MSSL Consolidated, is acquiring up to 3.64 million...

September 17, 2024

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Tina Freese

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Electric Vehicles

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Finance and M&A
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Tata Group to Build 20 GWh Battery Manufacturing Plant in Gujarat

The Tata Group is planning to set up a 20 GWh battery manufacturing facility in Sanand, Gujarat, through its clean energy subsidiary Agratas. The group has invested ₹9....

September 11, 2024

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Tina Freese

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Finance and M&A

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Renewable Energy

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