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Magenta Mobility, Euler Motor extend partnership

The Press Trust of India reports: MUMBAI – Electric mobility firm Magenta Mobility and commercial electric vehicles maker Euler Motor on Thursday said they were extending their four-year-old partnership, under which Magenta will procure an additional 2,000 cargo e-three-wheeler HiLoad of the latter. This comes on the back of deliveries of 500 such vehicles to Magenta, as per a statement. The Electric Vehicles (EVs) for the new order will be manufactured at Euler Motors' Palwal manufacturing hub and are expected to be delivered in the next 18 months, it said.

To accelerate energy transition, commercial EVs need to deliver value: Euler Motors CEO

Aggam Walia reports for The Indian Express: In an interview with Aggam Walia, Kumar, who is also CEO at Euler, Mr. Humar spoke about the company's journey thus far, the scope for alternative fuels for cargo-carrying vehicles, technologies to improve electric vehicles (EV’s) battery longevity, and expectations from the government’s FAME subsidy.

Green Frontier Capital's Sandiip Bhammer On Challenges In Climate Investment And More

Malvika Maloo reports for VCCircle: Sandip Bhammer, Founder and the Managing Partner of Green Frontier Capital, leads a climate-focused venture capital firm that has supported companies such as BluSmart, Battery Smart, KisanKonnect, Nutrifresh, and ElectricPe with approximately $30 million in investments. In a conversation with VCCircle, Mr. Bhammer discusses the fund's approach, investment principles, and the climate investment landscape in India.

PressGreen Frontier CapitalFebruary 9, 2024Green Frontier Capital, Sandiip Bhammer, Source: VCCircle

Budget 2024 for Real Estate: Modi Govt announces THIS scheme to make city encroachment free - Details Inside

Anish Mondal reports for ET Now: The Budget 2024-25 in India introduces a rooftop solarization scheme, benefiting around one crore households and providing up to 300 units of free electricity monthly, "The decision to provide free electricity via rooftop solarization is a double win - it reduces the environmental impact and eases the financial burden on households. It’s a model initiative for sustainable development." – Sandiip Bhammer, Founder and Co-Managing Partner, Green Frontier Capital

PressGreen Frontier CapitalFebruary 5, 2024Green Frontier Capital, Sandiip Bhammer, Source: ET Now

Interim Budget 2024 Insights: Entrepreneur Explains

Ritu Marya interviews Sandiip Bhammer for Entrepreneur India: “What was clear in this budget, which was great for us, because we are a climate change fund, is the government’s continued commitment to addressing climate change as a big thrust area.” “They spoke about one crore homes being potentially solarized from a rooftop perspective or the setting up of incentives for the creation of charging infrastructure to create employment. As well as the incentivising the use of electric vehicle buses for public transportation and transition to a more EV based economy.” – Sandiip Bhammer, Founder and Co-Managing Partner of Green Frontier Capital.

Budget 2024 Provides Support For Wind, Solar Energy; Fails To Address Alternative Auto Fuels

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.

PressGreen Frontier CapitalFebruary 5, 2024Green Frontier Capital, Sandiip Bhammer, Source: Yourstory

India's interim budget for 2024-25 proposes incentives for wind, solar, biofuels growth

S&P Global reports: India's interim budget for 2024-25 unveils significant incentives for renewable energy, showcasing the country's commitment to decarbonization. The budget includes measures such as viability gap funding for offshore wind, a rooftop solar plan providing 300 kWh/month of free power to households, and a scheme for biogas blending in natural gas for transport. "The move to provide electricity through rooftop solarization stands out as a dual-benefit initiative," Bhammer said. "It not only lessens environmental impact but also alleviates financial burdens on households…

PressGreen Frontier CapitalFebruary 2, 2024Green Frontier Capital, Sandiip Bhammer, Source: S&P Global

EV Sector Gets Boost For Charging Infra, Public Transportation From Budget 2024

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…

PressGreen Frontier CapitalFebruary 2, 2024Green Frontier Capital, Sandiip Bhammer, Source: Yourstory

Energy Sector Budget 2024 Highlights LIVE: New scheme for bio manufacturing of bio plastics, bio pharmaceuticals and bio polymers, says FM Nirmala Sitharaman

The Economic Times reports: In the recent Budget 2024 presentation, Finance Minister Nirmala Sitharaman highlighted several key initiatives for the energy sector. One notable announcement is the introduction of a new scheme for bio-manufacturing of bio plastics, bio pharmaceuticals, and bio polymers. Sandiip Bhammer, Founder and Co Managing Partner, Green Frontier Capital said “The decision to provide free electricity via rooftop solarization is a double win - it reduces the environmental impact and eases the financial burden on households. It’s a model initiative for sustainable development.”

KisanKonnect Raises $3.7 Mn To Boost Its Climate-Smart Agriculture Playbook

Sudeshna Mitra reports for Ink42: KisanKonnect has successfully raised INR 31 Crores (approximately $3.7 million) in a pre-Series A funding round led by Green Frontier Capital, with participation from Dhanuka Agritech Limited, VC Grid, and other family offices. The newly acquired funds will be utilized to expand the company's climate-smart agriculture initiatives with its network of 5,000 farmers, enhance its fresh-produce supply chain technology, and introduce new farm stores in Mumbai and Pune.

PressGreen Frontier CapitalJanuary 30, 2024KisanKonnect, Green Frontier Capital, Source: INC42

1,000 Small Kids Relished a Fresh Food Treat from KisanKonnect’s Farmers at Seva Kitchen

Asian Prime News reports: Approximately 1000 small children were provided nutritious meals from the farmers of KisanKonnect at Seva Kitchen. The farmers were able to serve delicious meals made from farm-fresh fruits and vegetables brought directly from their fields. Seva Kitchen is a charitable organization that provides meals to relatives of hospital patients and others. The children were able to eat nutritious food that helps with their growth and nutrition.

KisanKonnect Launches India’s first Digital Farmers Market with Shilpa Shetty for urban consumers in Mumbai and Pune

Sachin Murdeshwar reports for Global Prime News: KisanKonnect has partnered with actress and TV personality Shilpa Shetty to launch Aapka Apna Farmers Market on its app. The initiative aims to connect over 5000 farmers with customers in both Mumbai and Pune.

Agritech Firm KisanKonnect Secures Rs 31 Cr Pre-Series A Funding From Green Frontier Capital, Dhanuka

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.

PressGreen Frontier CapitalJanuary 23, 2024Source: Yourstory, Green Frontier Capital, KisanKonnect

Rashmika Mandanna honored with PETA India's Inaugural 'Compassionate Young Entrepreneur' Award

The Times of India reports: PETA India’s announces its Inaugural ‘Compassionate Young Entrepreneur’ Award recipients: Among the awardees is Shubhika Jain, Founder and CEO of RAS, a Green Frontier investee company. The award, presented by People for the Ethical Treatment of Animals (PETA) India, recognizes individuals under the age of 30 who have made significant contributions to animal welfare through enterprise, innovation, and investment in vegan products.

How BluSmart took on the might of Ola and Uber, disrupting the super competitive cab-hailing business

Binu Paul reports for Business Today: BluSmart Mobility, a Green Frontier Capital investee company, was founded in 2017 by Punita K. Goyal, who envisioned an integrated full-stack EV ride-hailing service and charging network. Recognizing the declining service quality of existing leaders, BluSmart launched its all-electric ride-hailing service in 2019. The company's approach involves leasing EVs at an institutional level, ensuring cost advantages and lower fuel expenses, leading to a cost structure 30-40% lower than competitors.

PressGreen Frontier CapitalJanuary 9, 2024BluSmart, Source: Business Today

Year-Ender 2023: Innovative Startup Thrive – Tech And Healthcare Pioneers Lead The Way

In 2023, entrepreneurs across various sectors showcased transformative trends, highlighting the dynamic landscape of innovation. Sandip Bhammer, Founder & Co-Managing Partner of Green Frontier Capital, noted: “In 2023, the most significant game-changer in the climate-tech industry in India was the influx of top talent into the sector. …

Budget 2024: Startups Expect Measure To Push Growth Momentum

In anticipation of Budget 2024, Sandiip Bhammer, Founder and Co-Managing Partner of Green Frontier Capital, foresees incentives and policies focused on advancing India's green growth, with a particular emphasis on the electric vehicle (EV) and green sectors. Bhammer predicts “substantial subsidies to ignite electric vehicle manufacturing, significant investments to electrify charging infrastructure, and tax benefits designed to fast-track green tech adoption.”

PressGreen Frontier CapitalJanuary 8, 2024Sandiip Bhammer, Green Frontier Capital, Source: News 18

For Founders, Frugality Takes The Centre Stage In 2024

A recalibration in the startup ecosystem reflects a return to fundamental principles, focusing on sustainable growth, sound product-market fit, and unit economics over the pursuit of rapid but unsustainable expansion. Founders, including Sandiip Bhammer of Green Frontier Capital, emphasize the need for startups to strike a balance between optimizing operations, finding cost-effective ways to scale, and demonstrating a path toward profitability.

How Sandiip Bhammer and His Team at Green Frontier Capital are Tracking Climate Change, One Investment at a Time

Thrilled to share our very own ‘Climate Crusader’ Sandiip Bhammer’s cover article featured in Entrepreneur India! Interviewed by Punita Sabharwal, Deputy Editor of Entrepreneur India Magazine, Mr. Bhammer, Founder & Co-Managing Partner of Green Frontier Capital, shares how he founded the firm, leveraging his extensive experience and network, assembling a team of accomplished experts, including Rudra Dalmia, Prof. Soumitra Dutta, and Dr. Punita Kumar-Sinha.

Top 5 Sustainable Players Poised for Success in 2023: A Year-End Roundup

Green Frontier Capital stands out as a key player in sustainable investment, making a significant impact by channeling funds into projects aligned with environmental, social, and governance criteria. Revfin, one of Green Frontier Capital's investee companies, takes center stage in reshaping the financial services landscape with a green twist. Pioneering financial inclusion with an environmental consciousness, Revfin focuses on sustainable lending practices and green investments. Similarly, BluSmart, another investee company, stands out in smart mobility, offering a ride-hailing service that aligns with the growing trend towards greener transportation options.

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