Your Story Reports: Sandiip Bhammer, Managing Partner of GFC writes on India’s strategic commitment to reducing its carbon intensity and enhancing its renewable energy capacity underscores its dedication to combating climate change.
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Aparajita Saxena reports for Your Story: Budget 2024 in India has unveiled support for the growth of the green energy sector, particularly focusing on wind and solar energy. The budget provides solar rooftop panels to households below the poverty line, potentially leading to substantial savings and supporting the electric vehicle sector. The decision to provide free electricity via rooftop solarisation is a double win as it reduces the environmental impact and eases the financial burden on households.
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Aparajita Saxena reports for Your Story: Budget 2024 has brought a significant boost to the electric vehicle (EV) sector, particularly in terms of charging infrastructure support and encouragement for public transportation.Sandiip Bhammer, Founder and Co-Managing Partner, Green Frontier Capital, said, "The Budget's focus on strengthening the EV ecosystem, through support for charging infrastructure and promotion of electric buses, marks another significant step towards transitioning to a more sustainable EV-based transportation system…
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Sowmya Ramasubramanian reports for Your Story: Agritech startup KisanKonnect has successfully secured Rs 31 crore (approximately $3.7 million) in pre-Series A funding from Green Frontier Capital, a climate-focused fund, and Dhanuka Agritech Limited, a crop protection company. Kisankonnect operates by directly sourcing agricultural produce from a network of 5,000 farmers and delivering fresh vegetables and fruits through its in-house delivery channels.
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Green Frontier Capital—a US-headquartered early-stage VC fund solely focused on Indian climate tech startups—believes these new-age companies will play a key role in boosting the sustainability index in India and globally.
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At TechSparks 2023, Kazam’s Akshay Shekhar, Green Tiger Mobility’s Ashish Dokania, and Raghav Rohila Co-founder and CPO of ElectricPe, A GFC investee company, discussed how early-stage startups are overcoming barriers to EV adoption and paving the way for an electric future.
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Thrilled to be featured by YourStory Media for our unwavering commitment to climate tech startups in India! Their acknowledgment inspires us to push boundaries and further our mission. Let’s work together…
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LinkedIn today unveiled the 2023 LinkedIn Top 20 Indian Startups List, with Zepto taking the top position, followed by BluSmart and Ditto Insurance.
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Green Frontier Capital and Companion Capital have joined forces to support climatetech startups through various funding stages, streamlining investment processes and providing resources to accelerate the adoption of innovative solutions for a low-carbon economy.
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Prasannata Patwa for YourStory reports Zero Cow Factory raised $4 million in a Seed funding round from Green Frontier Capital, GVFL, and Pi Ventures. The bioengineered milk startup will use the funds to obtain regulatory approvals to launch in the market, accelerate research and development, and increase production.
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Team YS reports electric ride-hailing company BluSmart is in advanced talks to raise $250 million in its latest Series B round, $50 million of which will come from existing investors and founders.
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Trisha Medhi for YourStory reports the pre-Series A funding round was completed just 12 months after the seed funding round. ElectricPe hopes to use the combined capital of $8 million to deepen technology investments and scale operations.
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EV players such as Ola Electric, Ather Energy, Sun Mobility, Honda, BluSmart, and Tata have outlined plans to set up charging and swapping stations.
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Sindhu Kashyaap for YourStory reports Instead of operating like a ride aggregator, BluSmart leases, owns, and operates EVs, thus removing the burden of asset ownership from drivers. The startup's ride-hailing service is available in Delhi-NCR and Bengaluru.
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Ayshwaria Lakshmi for YourStory reports there are more electric vehicles (EVs) on Indian roads than ever before. However, EVs don’t come cheap, with four-seaters starting from Rs 8.5 lakh. This is the gap EV financing platform Revfin wants to bridge by providing EV digital lending options.
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Ayshwaria Lakshmi for YourStory reports according to KPMG, the Indian bicycle market size was pegged at $1.3 billion and is expected to grow to $3.51 billion by 2030, with e-bikes accounting for the strongest growth.
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Pooja Malik reports the startup aims to use the fresh funds to accelerate business growth, hire top industry talent, and scale the business. It also plans to integrate advanced technology to transform the way consumers view cycling.
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Ayshwaria Lakshmi for YourStory reports Bengaluru-based charging aggregator startup ElectricPe’s B2C app is a one-stop platform that lets users identify, access, and pay for EV charging points to make e-mobility easier.
Read More![[Funding alert] Digital lending platform Revfin raises $4M in pre-Series A round](https://images.squarespace-cdn.com/content/v1/62c84cd51c48897fadfc573f/1664995007791-LSRDY510XQRBFRYZOD2C/Yourstory.jpg)
Sujata Sangwan reports that RevFin , a Delhi-based digital e-mobility consumer lending platform underwriting financially excluded and underserved segments, has recently raised $4 million in pre-Series A funding round in both equity and debt.
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