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| Apr 28, 2026 | Eversource mulls reviving sale process for Radiance Renewables | Premium
Nitin Bhatia, CEO, Radiance Renewables
Private equity firm Eversource Capital may be exploring the possibility of restarting a process to sell Radiance ......
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| Mar 20, 2026 | ETtech Deals Digest: Startups raise $343 million this week, down 69% on-year | Synopsis
The number of deals during the week was down significantly at 29, compared to 44 in the corresponding week last year.
ETtech
Startups raised around $343 million between March 14 and 20, a decline of 69% compared to the $1 billion s... |
| Mar 17, 2026 | Ecofy raises Rs 380 Cr from BII and Finnfund | Ecofy, a NBFC focused on financing climate change solutions, has raised Rs 380.5 crore in funding. The investment comes from British International Investment (BII), the UK’s development finance institution and impact investor, and Finnfund ... |
| Mar 16, 2026 | Eversource-backed Ecofy Finance snags $41 mn from BII, others | Executives of Ecofy, Eversource and other firms
Mumbai-based non-banking finance company Ecofy Finance has raised Rs 380.5 crore (about $41.1 million) in fresh equity funding from British International Investment (BII) and Finnfund Digital ... |
| Mar 16, 2026 | Finnfund Digital Access Impact Fund I invests in Ecofy to accelerate India's retail green finance market | Finnfund Digital Access Impact Fund I invests in Ecofy to accelerate India's retail green finance market
Mon, Mar 16, 2026 08:46 CET Report this content
Ecofy, a pioneering green NBFC backed by Eversource Capital, today announced the succes... |
| Mar 11, 2026 | NIIF secures $750 mn for second fund to back PE/VC firms | Anand Unnikrishnan, managing partner-private markets, NIIF
The National Investment and Infrastructure Fund (NIIF) has secured commitments of up to $750 million (around Rs 6,900 crore) for its second private markets vehicle, the sovereign-an... |
| Feb 18, 2026 | Global Energy Alliance for People and Planet Launches India Grids of the Future Accelerator at Mumbai Climate Week, Anchored by up to $25 million deployment | New national platform to accelerate India's grid modernization and power distribution reform, supported by All India DISCOM Association (AIDA), International Solar Alliance (ISA) and Champion Utilities
Will deploy up to $25 million by 2028 ... |
| Feb 9, 2026 | Radiance Renewables raises $100M from Impact Fund Denmark and FMO | Radiance Renewables, an Eversource Capital-backed company engaged in renewable energy solutions, on Monday raised $100 million in equity funding from Impact Fund Denmark (IFD) and FMO.
Impact Fund Denmark is Denmark government's investment ... |
| Jan 21, 2026 | GreenCell Mobility raises $89M to expand its electric bus fleet | Eversource Capital’s electric bus arm GreenCell Mobility has raised $89 million in mezzanine funding from International Finance Corporation (IFC), British International Investment (BII), and Tata Capital.
Mezzanine financing is a hybrid sou... |
| Nov 12, 2025 | Eversource-backed Ecofy taps offshore investor for capital | Premium
Ecofy Finance CEO Rajashree Nambiar
Ecofy Finance, a non-bank lender backed by Eversource Capital, has tapped an offshore investor for capital. The fresh capital infusion comes as the lender grapples with an uptick in operating expe... |
| Sep 12, 2025 | IFC to invest $137M to boost India’s e-bus fleet; partners with JBM Group, GreenCell Mobility | International Finance Corporation on Thursday said it will provide $137 million in financing to electric bus makers JBM ECOLIFE, part of JBM Auto, and GreenCell Mobility.
IFC, which is part of the World Bank Group, is a United Nations agenc... |
| Sep 11, 2025 | IFC invests in JBM Auto’s electric mobility unit, Eversource-backed GreenCell | JBM Ecolife has an annual capacity to make 20,000 electric buses | Credit: JBM Auto website
International Financial Corporation (IFC), the private-sector investment arm of the World Bank Group, said Thursday it is investing a total of $137 ... |
| Aug 22, 2025 | Eversource-backed Radiance raising fresh capital from offshore investor | Pro
Nitin Bhatia, CEO, Radiance Renewables
Green energy firm Radiance Renewables, which was started and continues to be controlled by private equity firm Eversource Capital, is set to raise $50 million (around Rs 436 crore) in fresh capital... |
| Aug 19, 2025 | Lightrock strengthens its India team, adds four execs | (From left) Manoj Kohli, senior advisor, and Gaurav Malhotra, partner, Lightrock
Lightrock, a London-headquartered private equity player and impact investor that counts WayCool, DeHaat, Shiprocket and MediBuddy amongst its portfolio compani... |
| May 3, 2025 | The Rise and Fall of BluSmart: A Cautionary Tale in India's EV Revolution | In the fast-paced world of electric mobility, BluSmart once stood as a beacon of hope. The startup promised a cleaner, greener future for urban transport. But in April 2025, that promise dimmed. Services across major cities like Delhi NCR, ... |
| May 1, 2025 | Can Blusmart Be Rescued From the Gensol Saga? Once hailed as the next game changer in EV Mobility, Blusmart made it to our special IPs last year securing the cover for the momentum it showed. | An Innovation Derailed
In a jolt to India's electric mobility ambitions, EV ride-hailing startup BluSmart suspended services across Delhi NCR, Mumbai, and Bengaluru in April 2025. The company—once hailed as a trailblazer in clean, shared tr... |
| Apr 23, 2025 | Now, BluSmart Ropes In Grant Thornton For Forensic Audit | SUMMARY
EV ride-hailing startup BluSmart has roped in Grant Thornton to conduct a forensic audit of its books
The move comes after SEBI accused its cofounder Anmol Jaggi of misusing funds meant for buying EVs to buy a luxury apartment
Amid ... |
| Apr 19, 2025 | Exclusive: PE Firm Eversource Capital In Talks To Acquire BluSmart | SUMMARY
Eversource Capital has offered to acquire BluSmart, which is in trouble because of its close connection with Gensol, for around INR 800 Cr to INR 1,000 Cr
Eversource has put up a condition that cofounders Anmol Singh Jaggi and Punee... |
| Mar 21, 2025 | Norfund to support VA Tech's $100-mn municipal projects platform | Credit: 123RF.com
Norfund, the Norwegian government’s investment fund focused on sustainable development, is joining a consortium to back a municipal projects platform established by VA Tech Wabag, a water treatment company.
VA Tech Wabag, ... |
| Feb 12, 2025 | NIIF, BII, Eversource to exit Ayana Renewable in $2.3-bn deal | Ayana Renewable CEO Shivanand Nimbargi at a project site | Credit: Ayana
The National Investment and Infrastructure Fund (NIIF), British International Investment and private equity firm Eversource Capital have agreed to sell their renewable... |
| Dec 2, 2024 | Green Ambitions Take Centre Stage as IVCA GreenReturns Summit 2024 Commences in New Delhi | New Delhi, Delhi, India
The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India’s green economy. The Summit is dedic... |
| Nov 8, 2024 | The Shifting Landscape of India’s Energy and Infrastructure Sectors | India stands at a crossroads. The energy and infrastructure sectors are evolving rapidly, driven by innovation, investment, and a commitment to sustainability. Recent developments paint a vivid picture of this transformation.
JSW Steel rece... |
| Nov 8, 2024 | The Green Surge: India’s Renewable Energy Revolution | India stands at a crossroads. The winds of change are blowing, and they carry the promise of a greener future. The recent surge in renewable energy investments signals a pivotal shift in the nation’s energy landscape. Major players like NTP... |
| Nov 8, 2024 | NTPC and ONGC likely to acquire Ayana Renewable Power
Apollo Green Energy targets Rs 100 billion in renewables
Kolkata Metro’s Orange Line Phase II deadline moved to March 2025
Solar efficiency, cost cuts vital for energy transition: Pralhad Joshi | POWER & RENEWABLE ENERGY NTPC and ONGC likely to acquire Ayana Renewable Power
08 Nov 2024 2 Min Read CW Team
NTPC Ltd may join Oil and Natural Gas Corporation (ONGC) as an equal partner in ONGC's bid to acquire Ayana Renewable Power, a... |
| Mar 22, 2022 | EverSource Capital Buys Majority Stake in EV Operator Lithium Urban | Staff |
| Dec 17, 2020 | Renewable energy platform Ayana hits $721 million in funding as CDC, NIIF and GGEF agree to inject further capital | CDC Group, the UK’s development finance institution and impact investor, National Investment and Infrastructure Fund (NIIF), and EverSource Capital managed Green Growth Equity Fund (GGEF) today announced additional equity funding of $70 mil... |
| Dec 17, 2020 | Renewable energy platform Ayana hits $721 million in funding as CDC, NIIF and GGEF agree to inject further capital | CDC Group, the UK’s development finance institution and impact investor, National Investment and Infrastructure Fund (NIIF), and EverSource Capital managed Green Growth Equity Fund (GGEF) today announced additional equity funding of $70 mil... |
| Dec 17, 2020 | Renewable energy platform Ayana hits $721 million in funding as CDC, NIIF and GGEF agree to inject further capital | CDC Group, the UK’s development finance institution and impact investor, National Investment and Infrastructure Fund (NIIF), and EverSource Capital managed Green Growth Equity Fund (GGEF) today announced additional equity funding of $70 mil... |