Battery Smart, which provides swapping networks for electric two and three-wheelers, will use the fund to add more batteries to its network and expand to new cities across India, the company said in a statement.
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GetVantage, India’s leading Revenue-Based Financing (RBF) and growth platform for founders, has firmly established itself as a preferred alternative funding platform for Cleantech businesses with companies like BluSmart, ChargeZone, EMotorad, Buyofuel.
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StratNews Global sits down with Sandiip Bhammer to discuss recently passed amendments to the Energy Conservation law — introducing carbon trading and requiring large consumers to meet non-fossil fuel consumption standards — a $100 billion investment opportunity for VCs.
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Amy Buxton for Green Queen profiles Zero Cow Factory and three other alternative dairy startups from around the world that are looking to take cows out of the equation while creating milk for a sustainable future.
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GFC invests in India-centric green companies with disruptive digital business models and highly attractive cash flow with net 20-25% USD Equity IRRs or 5-10X MOIC.
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Press Trust of India reports RAS Luxury Oils launch of a range of sustainable “Prints of India” Amenity Kit for Vistara, India’s finest full-service carrier and a joint venture between the Tata Group and Singapore Airlines.
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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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Shivani Tiwary for Zee Business reports in recent years, the EV industry has evolved dramatically. Launched at a very high initial cost and low battery range, EV vehicles addressed all major gaps to solve environmental concerns.
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BW Online Bureau reports Venture debt firm, BlackSoil infuses USD 5 million in three startups namely, Battery Smart, Upmove Capital and Revfin. These impactful companies have shown tremendous growth in their segments and are backed by experienced management and marquee investors.
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Economic Times EnergyWorld reports the company said in a statement it is targeting financing of two million electric vehicles in five years as it aims to reach new states with footprints in 50 cities and targets adding 10,000 new customers.
Exchange4media reports with Truecaller Business Solutions, BluSmart has increased its calling efficiency to 82%, making communication more seamless.
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Shrabona Ghosh for Entrepreneur India reports BluSmart, the fully-electric ride-hailing and EV charging platform, has launched two industry-first products: zero ride-denial and zero-surge policy.
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Chetan Thathoo for Inc42 reports the applications of BluSmart and Bounce have been cleared and will soon be granted licences. The application of a third company is in the final stage.
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Mayank Dhingra for Autocar Professional reports Gurugam-based battery swapping start-up Battery Smart is leveraging existing infrastructure by virtue of its lean, partner-led business model.
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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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A Junior VC reports: Last fortnight the COP27 was kicked off, and India became the highest-ranked big country on the global Climate Change Index. As the world fights climate change, India is a dark horse emerging from the shadows to become a climate superpower.
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Mukul Yudhveer Singh for Mobility Outlook reports EMotorad is investing $3.5 million in expanding its E-cycles manufacturing capacity in India.
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BL Pune Bureau reports nine Dutch companies were a part of the horticultural trade mission to understand the Indian fresh food sector and new consumer demand and supply trends.
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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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James Davies for Food Ingredients 1st reports Spanish dairy manufacturer Pascual has launched Mylkcubator 2.0, the second edition of their investment program, which aims to push the envelope of animal-free milk R&D based on cell-based and precision fermentation technologies.
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