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ADB Ventures clocks first two investments in India's Euler, Smart Joules

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ADB Ventures Announces its First Investments

ADB Ventures Announces its First Investments
News Release | 17 March 2021
MANILA, PHILIPPINES (17 March 2021) The Asian Development Bank’s (ADB) new venture arm, ADB Ventures, has announced its first investments. ADB Ventures invests in early-stage technology companies globally that address urgent development challenges in emerging Asia and the Pacific.
Euler Motors Pvt. Ltd., based in India, is an electric vehicle manufacturer and fleet operator focused on last-mile commercial logistics, accelerating India’s and Southeast Asia’s transition to sustainable mobility. Euler Motors has raised $9.4 million in Series A funding with participation by ADB Ventures, Blume, Inventus, and other investors.
Smart Joules Pvt. Ltd., based in India, provides energy efficiency-as-a-service for large hospitals and commercial buildings, delivering savings of up to 40% on energy costs and reducing greenhouse gas emissions. Smart Joules has raised $4.1 million in its Series A f ....

South Korea , Republic Of Korea , Ashok Lavasa , Mafalda Duarte , Taesik Yoon , Karin Isaksson , Nordic Development Fund , Finland Ministry For Foreign Affairs , Ventures Equity Fund , Development Policy Elina Kalkku , Sustainable Development Goals , Climate Investment Fund Clean Technology , Asian Development Bank , Southeast Asia , Equity Fund , President Ashok , Foreign Affairs , Nordic Development , Development Policy Elina , Deputy Minister , International Affairs , Finance Taesik , Climate Investment Funds Head Mafalda , Nordic Development Fund Managing Director Karin , Adb Ventures , தெற்கு கொரியா ,

ADB Ventures Announces Its First Two Investments

ADB Ventures Announces Its First Two Investments
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MANILA, Philippines, March 17, 2021 /PRNewswire/
The Asian Development Bank s (ADB) new venture arm, ADB Ventures, has announced its first two investments. ADB Ventures invests in early-stage technology companies globally that address urgent development challenges in emerging Asia and the Pacific.
Euler Motors Pvt. Ltd., based in India, is an electric vehicle manufacturer and fleet operator focused on last-mile commercial logistics, accelerating India s and Southeast Asia s transition to sustainable mobility. Euler Motors has raised $9.4 million in Series A funding with participation by ADB Ventures, Blume, Inventus, and other investors. ....

South Korea , Republic Of Korea , Ashok Lavasa , Mafalda Duarte , John Larkin , Taesik Yoon , Karin Isaksson , Nattasuda Anusonadisai , Nordic Development Fund , International Affairs , Finland Ministry For Foreign Affairs , Ventures Equity Fund , Climate Investment Fund Clean Technology , Republic Of Korea Ministry Economy , Asian Development Bank , Communications Specialist , Development Policy Elina Kalkku , Principal Communications Specialist , Sustainable Development Goals , Southeast Asia , Equity Fund , President Ashok , Foreign Affairs , Nordic Development , Development Policy Elina , Deputy Minister ,