Pasadena, CA-based Power Global's eZee battery module has been listed in the Time Magazine Inventions for 2022. The low-cost, high-performance battery, is specially designed for light mobility vehicles such as auto-rickshaws, the three-wheeled vehicles that navigate congested streets. eZee offers auto-rickshaw drivers a simple, low-cost path to EV adoption. Drivers...
Warburg Invests $100 Million in India's CleanMax Solar
In its seventh transaction within one year, NYC-based Warburg Pincus will invest up to $100 million in Mumbai-based rooftop solar projects developer CleanMax Enviro Energy Solutions Pvt. Ltd. According to VCCEdge, the data research arm of VCCircle, this latest investment takes the total amount Warburg Pincus has committed in India to...
Global Executives Rate India as Most Attractive Investment Destination
32 percent of 505 global investors named India as the favored market for investment according to a survey published by accounting firm Ernst & Young. China was second with 15 percent of the vote, followed by S.E. Asia, Brazil and N. America. “There is no doubt that interest in India...
India Serves as Low-Cost Innovation Platform for Ford Africa
Ford Motor Co., plans to use low-cost engineering it learned in India to develop compact models for other emerging markets, executives said, emulating a strategy used by Asian rivals that outsell it in the world's fifth-largest auto market, reports Reuters. Ford aims to expand market share from the current 3%...