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Representative Image Zypp Electric, a business-to-business electric vehicle (EV) delivery service startup, has raised $25 million in debt and equity in a series B funding round led by Taiwan-based battery swapping major Gogoro. New and existing investors such as Goodyear Ventures, 9Unicorns, WFC, LetsVenture, IAN, Ivygrowth, Grip, and other angels also participated in the round. The round includes a $20 million equity round and a $5 million debt round for fleet expansion from global impact fund IIX and a large national bank. This is also the first time global impact funds and Indian banks are participating in EV debt for any fleet operator or startup in the country, the company said in a statement. "With the fund, Zypp aims to increase its fleet size from 10,000 to 200,000 (2 Lakhs) electric vehicles & expand its footprint to 30 cities in India by 2025. Further, the company will improve its driver experience, expanding its EV hub infrastructure, building sharp EV … [Read more...] about EV startup Zypp Electric raises $25 million in funding led by Gogoro

As of now, corporates are going for clean electricity as step one, but eventually there will be other opportunities to decarbonise their entire operations, said ReNew Power MD Sumant Sinha The incentives and subsidies being planned by other countries for green hydrogen manufacturing are going to pose a stiff challenge for India if it does not review its strategy, said ReNew Power’s chairman and chief executive officer (CEO) Sumant Sinha. In an exclusive interview to Moneycontrol at the India Energy Week 2023 in Bengaluru, Sinha also said that from focusing only on renewables, the company now intends to also help corporates with their decarbonisation strategies. Edited excerpts from the interview: At the India Energy Week’s inaugural ceremony, the prime minister said going ahead, India's energy growth would be the highest in the world. We have done a lot of things in different segments of energy, whether it's hydrocarbons or clean energy. What are the gaps that still … [Read more...] about India needs to review Green Hydrogen policy in view of incentives offered by other countries: Sumant Sinha of ReNew Power

"Good Luck Fish," lifestyle brand 2nd universe's updated version of the dried pollack tied with silk yarn tradition [2ND UNIVERSE] The city of Seoul has a fantastic collision of old and new. In between its modern buildings, the city boasts beautiful ancient palaces and traditional houses that harmonize with nature. Trendy buildings these days seem to be bringing that power of Seoul’s contrasting beauty into their designs as many of them have fused the modern with the traditional, like the renovated hanok (traditional Korean building) cafes in Samcheong-dong, or newer buildings that feature traditional Korean designs. Whatever the method may be, the vibe is still very natural, boosting the understated charm that represents Korea's capital city. Branching off of these efforts, many brands are taking on the challenge of mixing and matching traditional Korean elements while still staying up-to-date on trends. The following is a selection by the Korea JoongAng Daily of local … [Read more...] about Korean design jumps on the K-history bandwagon with traditional motifs

Share to Twitter Share to Linkedin Turno , the India-based commercial electric vehicle platform, will today announce it has raised $13.8 million of Series A funding just a year after is launch. The business has won a 20% market share since it began trading in five states of India in January 2022, and now has plans to expand rapidly. Launched by founders Hemanth Aluru and Sudhindra Reddy, who met when working at car sharing business Zoomcar, Turno aims to make it far easier for small and medium sized enterprises in India to secure commercial electric vehicles (EVs). With these SMEs accounting for around 90% of the country’s logistics industry, the project has the potential to substantially accelerate adoption of commercial EVs in the country – driving significant sustainability benefits. “We can see an inflexion point around EVs,” says Aluru of buyers’ willingness to switch away from vehicles that depend on a conventional internal combustion engine (ICE) … [Read more...] about How Turno Plans To Electrify India’s Commercial Vehicles Market

Hillary Clinton’s newest campaign promise to install half a billion solar panels across the country has been praised by liberal media outlets and environmentalists , but could this pledge end up benefiting China? On Sunday, Democratic presidential candidate Hillary Clinton promised to install half a billion solar panels by the end of her first term and get the U.S. to a point where it can generate enough green energy to power every home in the country. “Through these goals, we will increase the amount of installed solar capacity by 700% by 2020, expand renewable energy to at least a third of all electricity generation, prevent thousands of premature deaths and tens of thousands of asthma attacks each year, and put our country on a path to achieve deep emission reductions by 2050,” Clinton’s website boasts . While there’s no doubt U.S. companies and green energy interests would benefit from the “competitive grants and other market-based incentives” Hillary promises to … [Read more...] about Will Hillary’s ‘Half A Billion Solar Panels’ Promise Send Billions To China?

The rising popularity of electric vehicles and other technology caused a surge in demand for cobalt, a metal that is mostly found in Africa, where miners are reportedly working in horrific conditions. The growing market for electric-powered automobiles, smartphones and other high-tech devices has made for unintended consequences halfway around the world. Such products — which operate on lithium-ion batteries — typically require cobalt, a chemical element found within the earth’s crust. The metal is becoming increasingly associated with the “blood diamond” vernacular. The Democratic Republic of the Congo, a central African country, is where the vast majority of cobalt is currently mined. While the Congo has largely profited off the metal, international observers have expressed concern over the working conditions of cobalt miners. Activists have decried inhumane working conditions African cobalt miners are enduring. The precarious situation of depending on an unstable country for … [Read more...] about Cobalt Is The New Blood Diamond Thanks To Green Energy

Share to Twitter Share to Linkedin As questions surrounded equity control of Oracle Red Bull’s Formula 1 team, and changes to sustainability for the racing series are set to take a larger role, Porsche fell by the wayside, and Ford decided to make their return to the sport after a 22-year absence. It’s not often that one can say, “When a door closes, another door closes which leads to a door opening,” but that may best describe what has happened with consecutive F1 driver championships in 2021-22 and 2022 constructor champion Oracle Red Bull Racing. A seismic shift has occurred with those supplying powertrains in F1 as an increase in renewable technology continues to dramatically alter the consumer automotive market. In 2021, Honda left primary support for Red Bull as they moved away from combustion engines. Honda has pledged to be carbon-neutral by 2050. With not just Honda but others seeking to increase battery technology, and other renewable … [Read more...] about How Oracle Red Bull Racing Walked Away From Porsche And Ford Stepped In

Share to Twitter Share to Linkedin Dispatches from Ukraine. Day 350. As Russia’s attack on Ukraine continues and the war rages on, reliable sources of information are critical. Forbes gathers information and provides updates on the situation. National. Kharkiv region. Kharkiv city center was attacked by four S-300 rockets at 11 pm local time on Feb. 7 , Kharkiv regional governor Oleh Syniehubov announced in a post on the messaging platform Telegram. A civilian infrastructure facility was hit, with damage to several buildings that subsequently caught on fire. No casualties were recorded, but damage is still being assessed. A 74-year old woman was killed and a 16-year old girl injured by artillery fire in the town of Vovchansk , which remains under constant shelling, as do the settlements Kupiansk, Strilecha and Veterynarne, added Syniehubov. Donetsk region. Donetsk regional governor Pavlo Kyrylenko reported an attack on the city of … [Read more...] about Wednesday, February 8. Russia’s War On Ukraine: Daily News And Information From Ukraine

Does anyone give a worse speech than President Joe Biden? That alone should make us hope he doesn’t run again. His State of the Union speech was awful! But that was not unexpected. There were of course, the polite platitudes: “Mr. Speaker, I look forward to working together.” Ha! Can he really be looking forward to working with Speaker Kevin McCarthy! Not likely, but that’s just the obligatory politeness — and gives the audience a chance to get used to the sound of his voice. (RELATED: BASTASCH: You Might Have Missed This, But Biden Just Made A Stunning Admission About His Energy Agenda) Some of what he said was just ordinary political jaywalking: “Two years ago, COVID had shut down our businesses, closed our schools, and robbed us of so much.” Well, not exactly. COVID didn’t shut our businesses: people did—people in government, people we call politicians. And then some brave politicians looked at the facts and reopened their states, e.g., Governor Ron DeSantis. But then … [Read more...] about DANIEL OLIVER: The Simply Terrible, Unimaginably Awful Biden Speech To The Nation

Agencies Istanbul, Turkey   ● Thu, February 9, 2023 2023-02-09 13:31 0 d5259e4d93052b0e76bee70b050e2342 2 Middle East and Africa Turkey,Syria,earthquake,disaster,Recep-Tayyip-Erdogan,election Free The death toll from a huge earthquake that hit Turkey and Syria climbed to more than 16,000 on Thursday, as rescuers raced to reach survivors stuck under rubble in freezing weather. Officials and medics said 12,873 people had died in Turkey and 3,162 in Syria from Monday's 7.8-magnitude tremor, bringing the confirmed total to 16,035. Turkish President Tayyip Erdogan, who contests an election in May , said on a visit to the disaster zone on Wednesday that operations were now working normally and promised no one would be left homeless. Across a swathe of southern Turkey, people sought temporary shelter and food in freezing winter weather, and waited in anguish by piles of rubble where family and friends might still lie buried. The confirmed death toll … [Read more...] about Death toll rises to over 16,000 in Turkey, Syria quake