Green Mobility

The Bengaluru-based startup has developed a cell-agnostic platform that purportedly allows 100% fire safety, 20-minute fast charging, and 120% improvement in battery life. 

Set to commence production shortly, the CO2-to-methanol plant is being established at NTPC’s existing thermal power station in Vindhyachal, Madhya Pradesh. It will convert 20 tonnes-per-day (tpd) of CO2 to 10 tpd methanol through a catalytic hydrogenation process, utilizing CO2 from thermal plant flue gas through a carbon capture unit and green hydrogen produced by electrolysis.

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 venture capital arm of British energy company bp has invested $13 million in BluSmart in a $25 million Series A funding round. The investment will help BluSmart bring its electric vehicles and charging stations to five major cities.

Eight key developments are accelerating the advancement of electric vehicles. These range from the improvements in cost and performance of electric vehicle (EV) batteries to hydrogen-powered vehicles.

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.

India’s Department of Science & Technology and the Russian Science Foundation (RSF) have launched a collaborative funding program for Indian and Russian researchers to jointly research clean energy, new materials, and smart transport.

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.