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New nuclear looks different, which requires new types of financing. New investment and partnerships are seemingly occurring every day across the industry, including SK Group’s $250million investment into Terrapower, and X-energy’s partnership with Dow Chemical. How does new nuclear differ, and how do we finance that?
Under the EV partnership, Grab and the Hyundai Motor Group affiliates will bring together stakeholders from the EV industry to collaborate on measures to improve EV adoption and awareness in Southeast Asia. Hyundai Motor Group and Grab Holdings Inc., billion raised. Grab is on track to raise more than US$3 billion by the end of this year.
Grab will start the “Grab 4 Indonesia” social impact investment fund to finance companies focused on deepening financial inclusion across all cities and income levels in Indonesia. Expand access to mobile payments and financing opportunities. Invest in technopreneurship for social good.
CDSB’s proposed framework will be available for download 26 May at www.cdsb-global.org and comments are invited by 25 September 2009. The GHG Protocol’s Corporate Accounting and Reporting Standard’ is being used as the basic emissions reporting standard and underlies the CDSB framework.
billion) in green financing for its first battery gigafactory in Dunkirk , finalising its funding. The financing allows Verkor to fund construction of the plant, which will supply Renault’s premium and Alpine electric models among others. French battery start-up Verkor said on Friday it had secured more than 1.3
The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% and 15%, with a repayment period extending up to five years. and 15%, with a repayment period extending up to five years.
Renault India and Bajaj Finance are confident that this collaboration will strengthen their position in the market and reaffirm their shared mission of providing outstanding auto financing solutions to customers. RIPL), the European car brand in India, has partnered with Bajaj Finance Ltd., New Delhi: Renault India Pvt Ltd.
In the interim budget, the Finance Minister had hinted about the GoI’s strategy to promote energy security in terms of availability, accessibility and affordability. This policy also includes technology development, skilled workforce, extended producer responsibility framework, and a suitable financing mechanism. on copper scrap.”
Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold. As per industry estimates, about 4.1 Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold.
China’s top trade official warned the European Union against protectionism on Friday, saying Beijing was puzzled by EU probes into green tech exports and the bloc’s concerns they threaten the domestic solar panel, wind turbine and electric vehicle industries.
The results, following three years of in-house piloting, replicate what Vulcan has seen in its lab and pilot plant operations, and are in line with its commercial plant expectations and Vulcan’s financing model, the company added.
New Delhi: Small Industries Development Bank of India ( SIDBI ) and BluSmart launched 140+ electric cars under the EV4ECO scheme in an event attended by representatives from the Indian government and other agencies. SIDBI also supports other lenders by reducing their perceived risks, making the financing of EVs more accessible.
CFO – Nitin Goe New Delhi: Lohum Cleantech India’s leading producer of sustainable energy transition materials via battery recycling and raw material refining, and battery repurposing, Tuesday appointed three renowned industry stalwarts to strengthen its leadership team.
The strategic collaboration between Roadcast and AMU aims to revolutionize the EV market in emerging regions, creating opportunities for profitable EV financing. The collaboration aims to implement Roadcast’s GPS technology in as many e-rickshaws financed by AMU as possible.
million) from private equity firm Stakeboat Capital in its first financing round. India’s automotive industry is one of the many areas that leverage robotic automation. Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Robotics company Difacto raises USD 4.8
New Delhi: In a significant push towards enhancing the adoption of cleaner and more cost-effective alternative fuels in India, Suyash Gupta, Director General of the Indian Auto LPG Coalition (IAC), has made a strong appeal to the Finance Ministry to incentivize Auto LPG.
Amphion addresses critical challenges faced by the commercial electric vehicle (EV) industry, including financing, data analytics, charging infrastructure, and energy efficiency. Amphion was launched at Day Zero 2024, Log9’s annual event. Its comprehensive suite of services empowers stakeholders across the EV ecosystem.
Ashok Leyland’s key subsidiaries Switch Mobility, Ohm Mobility, Hinduja Leyland Finance and Hinduja Tech are progressing well and continue to add immense value to Ashok Leyland’s future. The board of directors of the company, at their meeting held on March 25, 2024, has declared an interim dividend of INR 4.95 crore in FY23.
The used car industry is generally three to five years behind the trends in the new car market. However, over the years, the presence of organised players in the industry has gone up. Gupta recalled that in 2016-17, the penetration of finance was hardly 7%. In 2022, the global used car industry was valued at USD 896 billion.
Union road transport minister Nitin Gadkari on Saturday said Kolhapur had the potential to become a hub for manufacturing automobile components and that govt was looking to turn the ethanol industry into a INR 2-lakh-crore sector. Kolhapur is home to sugar mills and we are going to make the ethanol industry a INR 2-lakh-crore sector.
App-based mobility providers such as Uber have approached the finance ministry, Goods and Services Tax Council and the Authority for Advance Rulings (AAR) seeking clarity on whether their business was liable to tax or not. “Contrary advance rulings have created uncertainty in the industry.
These advancements have not only increased the value proposition of connected vehicles as a solution but are slowly fostering a culture of informed driving practices for the commercial vehicle industry at large. In fleet financing, it can overhaul traditional models by harnessing detailed vehicle usage and risk assessment data.
billion) asset company, will help shore up the finances of loss-making battery maker SK On by combining it with a profitable company that has a stronger balance sheet, analysts said. 2 conglomerate undertakes a major overhaul to boost profitability. The move, which creates a 100 trillion won (USD 72.57
A McKinsey report estimates that the market size of global BES systems industry can touch USD 150 billion by 2030. To address the real and perceived financing risk towards deploying clean energy, a comprehensive risk mitigation plan should also be created to support the project’s smooth commissioning and operations.
Mining conglomerate Vedanta Ltd has secured an 11-year term loan of INR 3,918 crore from Power Finance Corporation Ltd ( PFC ), sources said. The latest financing follows Vedanta group’s takeover of Meenakshi Energy Ltd on December 28 in an NCLT-driven insolvency process. GW by FY27, sources with knowledge of the matter said.
With this partnership, ACKO Drive is offering Zoomcar Hosts substantial savings of up to INR 85,000 on new car purchases along with attractive offers on car financing with instant loan approval, express car delivery and more. New Delhi: Zoomcar Holdings, Inc.,
EVs were among several topics in the spotlight for ClimB, an annual platform for advancing climate solutions and sustainability initiatives around clean energy, finance, green infrastructure, mobility and technology to accelerate global efforts towards achieving net-zero emissions by 2050. “India has significant financing needs.
A Lokpal order from earlier this month found discrepancies in SAIL’s dealings with Venkatesh Infra Projects, and Avon Steel Industries. A company statement said the Steel Ministry suspended V S Chakravarthy, Director (Commercial), and A K Tulsiani, Director (Finance).
sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain. Piedmont must still obtain a local zoning variance and financing for the project, estimated to cost more than USD 1 billion. Low lithium prices may also hobble Piedmont’s financing attempts, analysts said.
Our collaboration with Credgenics for the enablement of digital debt management processes is supporting our mission to provide a more seamless debt financing experience for our customers. We are excited about the upcoming features and the continued innovation that Credgenics brings to the table.”
The overhaul comes with the European steel industry facing upheaval as it tries to finance less carbon-intensive production. Tata had revealed in January that it was planning to shut the coke ovens and two high-emission blast furnaces in Port Talbot, the UK’s biggest steelworks , leading to the loss of up to 2,800 jobs.
government’s International Development Finance Corp is one of TechMet’s biggest investors. Updated On Jul 13, 2024 at 02:22 PM IST --> Published On Jul 13, 2024 at 02:18 PM IST 2 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. .” The U.S.
Last August, Ola Electric raised USD 240 million from State Bank of India for building the Gigafactory as part of a USD 384 million financing round that saw participation from Singapore’s sovereign fund Temasek. GWh through FY25 and FY26.
What is also helping is easy availability of finance. CarTrade, which acquired OLX last year, for instance offers a financing marketplace for used products both auto and non-auto. Typically, second hand car finance comes at a higher cost of 11.4-15% 15% compared to 8.2-10.5% for new ones.
New Delhi: CG Power and Industrial Solutions Limited, a part of Tube Investments of India Limited and the Murugappa Group; Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions; and Stars Microelectronics (Thailand) Public Co. The JV plans to invest INR 7,600 crore in five years. The JV will be 92.3%
The company plans to seek more than 100 million euros as part of a first financing round in the second half of this year to help develop the new battery, Bouveret said. Blue Solutions is seeking partners that can also bring other expertise, including carmakers, industrial firms and miners of battery component lithium.
The rating agency also expects non-bank finance companies to continue to focus on used vehicles as assets class, presenting a favourable risk-return in terms of asset quality and pricing power. However, FY25 growth rates are likely to decrease from FY24 levels,” said Karan Gupta, Director, Financial Institutions, India Ratings.
The chair of the Senate Finance Committee said on Monday he was expanding its probe into German automaker BMW ‘s use of electronic components from a banned Chinese supplier. The report found Bourns Inc, a California-based auto supplier, had sourced components from JWD, which was added to the UFLPA Entity List in December.
New Delhi: Chargeup , a leading battery financing and full stack EV asset management platform , plans to onboard 1 lakh drivers within the next 3 years and extend its reach to 1 million drivers across 30 cities within 5 years.
.””The onboarding of these EVs was facilitated through Assure by BluSmart , a unique opportunity for retail and institutional investors with access to capital to help finance the transition to electric mobility. Through Assure, institutions can finance the purchase of electric cars and lease them to BluSmart against fixed rentals.”
Backed by Mufin Green Finance Limited, Urja Mobility will purchase advanced high-quality battery packs from Neuron Energy. Pratik Kamdar, CEO & Co-Founder, Neuron Energy, said, “Our collaboration with Urja Mobility signifies a significant shift in the EV industry.
Today, technologies such as IoT and AI are revolutionising the mobility industry, coupled with the effective use of Big Data, through which the automotive industry is thriving in its digital transformation towards a cleaner, lighter, and more efficient future.”
Finally, BIS compliance can unlock new financing avenues for Log9. Updated On Apr 2, 2024 at 12:58 PM IST --> Published On Apr 2, 2024 at 12:58 PM IST 2 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.
.” According to its 2023 annual report, the Franco-Italian-American carmaker has set aside 951 million euros to finance the extension of the Takata airbag recall campaign in extended Europe, North America, the Middle East, Africa and the Americas.
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