Transition VC will invest seed capital in 40 startups across sectors such as e-mobility, green hydrogen, energy storage, net-zero buildings and climate-tech over the next three years.
State-run hydropower producer NHPC Ltd is also entering green hydrogen production. To begin with, it will set up pilot green hydrogen projects in Leh and Kargil districts of the Indian union territory of Ladakh.
The private-sector power producer will group its renewable energy business under wholly-owned arm JSW Neo Energy as it targets growth in renewable energy generation, energy storage, and green hydrogen business.
The company expects the first phase of growth in the Indian electric vehicle market coming from commercial vehicles. It has been quick to capitalize on the opportunity by partnering with Switch Mobility, the electric vehicle arm of commercial vehicle major Ashok Leyland.
Applications are invited from start-ups with ready-to-deploy solutions in areas like distributed solar, Internet of Things (IoT) applications in energy, battery storage and electric mobility. Winners will be supported through seed capital to scale up.
Bangalore-based Nunam—which enables second life for used lithium-ion battery cells—is the winner of Pulse India competition conducted by French energy giant EDF. The EDF contest aims at supporting Indian startups committed to developing low-carbon and sustainable energy solutions.
The program aims at supporting the development of innovative electric vehicle (EV) solutions like extending range through battery capacity improvements, and battery management, fast charging infrastructure, and mobile charging solutions for emergencies. Two startups shall be supported each year with up to INR 80 lakh each to complete proof of concept and develop prototypes.
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