Ex-Cars24 India CEO Himanshu Ratnoo Joins E-Cycle Company EMotorad as Cofounder

We're glad to share that EMotorad, one of our portfolio companies, has brought on Himanshu Ratnoo as cofounder. Himanshu joins Emotorad from Cars24, where he most recently served as CEO of the India used-car business — a division driving more than half of Cars24's revenue — after joining the platform in 2020.

We back EMotorad because we see mass mobility as one of the clearest global shifts underway, and Himanshu's experience scaling a high-volume consumer business fits this next stage well. As he put it, EMotorad has the chance to "define what mass mobility looks like globally," pointing to 5X growth already underway in Europe.

From a garage to roughly 800 dealerships across 18 countries, EMotorad has raised $25 million to date, backed by us alongside Panthera Growth Partners, xto10x, and MS Dhoni. We're excited for what's next.

India on track to becoming third-largest economy by FY31: S&P report

Recent reports suggest that India is on track to become the world’s third-largest economy by FY31. This rapid economic growth will drive increased demand for energy and industrial output, sectors which are intrinsically linked to greenhouse gas emissions. However, this also positions India at the forefront of tackling climate change - leveraging innovation and sustainable growth strategies to decouple carbon emissions from economic expansion.

PressGreen Frontier CapitalSeptember 19, 2024Green Frontier Capital, Source: The Economic Times

Budget 2024: Don't hold your breath, electrify!

Addressing India's air quality crisis is crucial, and accelerating the adoption of EVs plays a significant role in this effort. The article underscores the importance of the upcoming Union budget in signaling support for EV infrastructure, attracting investments, and advancing technology. At Green Frontier Capital, we are dedicated to championing initiatives that drive sustainable mobility solutions. Together, let's pave the way for a cleaner, greener, and more prosperous India.

RevFin eyeing up Rs 40,000 crore in loans over the next five years

Sharmistha Mukherjee reports RevFin is projecting loan disbursals of Rs 450 crore in the next fiscal year starting April 1, compared with Rs 120-200 crore this FY. It expects disbursals of Rs 2,200 crore in FY24, Rs 5,500 crore in FY25, Rs 11,500 crore in FY26 and Rs 20,000 crore in FY27.

EV demand for commercial use likely to increase by 15 times in 6 months

Sharmistha Mukherjee reports earlier this month, Amitabh Kant, Niti Aayog CEO, told ET that all urban delivery vehicles must go green in the next two years. According to a study, 8 million vehicles are likely to be on the road in the urban delivery segment by 2030.

ResearchGreen Frontier CapitalSeptember 27, 2021Source: The Economic Times, Caption: iStock

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