HT Auto reports: MS Dhoni was recently seen taking a spin on his new wheels, the EMotorad Doodle V3 e-cycle.
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ETEnergyWorld reports: In a bid to fast-track the adoption of electric vehicles (EVs) across India, SUN Mobility and Revfin have partnered to provide innovative financing solutions for or fleet and passenger vehicles utilizing SUN Mobility's Battery-as-a-Service model. Under the partnership, Revfin will focus on financing 2-wheelers for fleet businesses and 3-wheelers for cargo and passenger vehicle segments.
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BW Businessworld reports: On the occasion of International Women's Day, our Founder and Co-Managing Partner, Sandiip Bhammer, provided insights on the evolving role of women entrepreneurs in India's startup landscape. Despite the global trend where women-led startups receive a fraction of venture capital, he highlighted how Indian women entrepreneurs are carving a niche for themselves, demonstrating remarkable innovation and resilience.
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Outlook Start-Up Desk reports: Quantum Energy has partnered with Battery Smart, a battery-swapping network for electric two and three-wheelers. This collaboration signals a promising future for electric vehicle adoption in India. We look forward to seeing the positive impact of this partnership on the country's transportation landscape.
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Gulf News reports: In today's rapidly changing environment, it's crucial that we turn our attention to the sectors and communities most vulnerable to the effects of climate change. A recent article (attached) highlights a pressing issue: "Climate Change Will Hit the Muslim World Harder - Aga Khan" This headline captures a stark reality, underscoring the disproportionate impact climate change has on diverse populations around the globe. The article delves into the various factors contributing to this heightened vulnerability, including geographical locations prone to extreme weather events, economic dependencies on climate-sensitive resources, and the urgent need for sustainable practices within these communities.
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Don't miss the opportunity to hear from our Founder and Managing Partner, Sandiip Bhammer, at the University of Virginia Darden School of Business's Emerging Markets Conference in Charlottesville, VA. Sandiip will be sharing insights both as a panelist discussing the Indian economy as well as in an engaging fireside chat alongside Punit K Goyal, Co-Founder of BluSmart, one of Green Frontier Capital's esteemed investee companies. This is an event not to be missed for anyone interested in the future of emerging markets and sustainable investments.
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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.
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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.
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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.
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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
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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.
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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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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…
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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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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.”
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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.
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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.
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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.
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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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.
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