Daily News Wrap-Up: Battery Technology Company Enevate Secures $81 Million in Funding

MYSUN has launched its asset vehicle MYSUN+ to provide solar energy solutions to corporate, industrial, and commercial consumers


Here are some noteworthy cleantech announcements of the day from around the world:

Enevate, a U.S.-based battery technology company, has secured an investment worth $81 million in a Series E round led by Fidelity Management & Research Company. Mission Ventures and Infinite Potential Technologies, Enevate’s existing investors, also participated in the funding round. With this latest funding, the company has raised $191 million to date. The company said the investment would enable it to expand its pre-production line designed to guide EV and other battery consumers towards implementing large-scale battery manufacturing using its silicon anode-based batteries.

Indian Railways has provided solar systems to 79 railway stations in Madhya Pradesh. It has plans to provide solar systems for other railway stations in the state based on technical feasibility and viability. Indian Railways has also introduced solar power technologies on a passenger train running between Sarai Rohila, Delhi to Farrukh Nagar, and Haryana to meet the light and fan load requirements in July 2017. As of now, 60 passenger coaches have been equipped with solar panels for meeting its light and fan power requirements.

Gemopai Electric, an Indian electric vehicle manufacturer, announced annual roadside assistance and personal accident cover with the purchase of its electric vehicles. With this, the company aims to strengthen its commitment to provide after-sales service to every customer who will also get three years of free service and a warranty on electric vehicles.

The Asian Development Bank and Energy Absolute Public Company have signed a 1.5 billion Thai baht (~$47.62 million) green loan to finance ongoing renewable energy projects and a countrywide electric vehicle charging network in Thailand. The loan will finance the Nakornsawan solar and Hanuman wind power projects and deploy fast and standard chargers at charging stations across Thailand. Thailand aims to be a regional leader in electric vehicles to reduce greenhouse gas emissions from conventional transportation, which currently accounts for around 26% of its total annual emissions.

Here is our previous daily news wrap-up.

Harsh Shukla is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.

More articles from Harsh Shukla.