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Greenfuel Energy Investment: Greenfuel Energy Solutions, a supplier of automotive components to OEMs for alternative fuel vehicles, is betting big on the increasing demand for CNG. With this, it has put aside an investment of about INR 24 crore to shift its Gurugram-based operations to a bigger facility in Jhajjar, Haryana. Further, it will invest INR 17.5 crore on new projects in the CNG division until FY25. The automotive supplier looks to clock INR 300 crore revenue in the current fiscal.

Mufin Green Finance: Earlier, Mufin also partnered with companies like BluSmart, Battery Smart, Piaggio, Yatri, Mayuri, Saarthi, Citylife, Arzoo, Alt Mobility, OHM, Alti Green, and many more drivers of the EV ecosystem, it added.

EV Sector Funding Investment: Investment in the Indian electric vehicle (EV) ecosystem is on the rise, with deals worth $1.2bn announced between January and August 2023, set to surpass the total funding announced in 2022, according to Tracxn. The sector has seen a 60% growth in funding in Q3 2023 compared to Q3 2022, and experts predict the emergence of unicorns and consolidation in the EV space. Investment is increasingly focused on credible companies with strong technology and a clear path to profitability, and there is growing interest in EV components, EV mobility services, and the entire ...

Investment in the Indian electric vehicle (EV) ecosystem is on the rise, with deals worth $1.2bn announced between January and August 2023, set to surpass the total funding announced in 2022, according to Tracxn. The sector has seen a 60% growth in funding in Q3 2023 compared to Q3 2022, and experts predict the emergence of unicorns and consolidation in the EV space. Investment is increasingly focused on credible companies with strong technology and a clear path to profitability, and there is growing interest in EV components, EV mobility services, and the entire EV ecosystem.

Bolt Earth Funding: The firm builds charging infrastructure for electric vehicles (EVs) across various power and customisation needs. It claims to have deployed over 30,000 EV charging points in its network.