Voice AI Startup Ringg Bags $5.5 Mn From Arkam Ventures
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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 source of capital that blends debt and equity, ideal for growth and expansion without immediate heavy equity dilution.The funds will be used to expand the company's fleet to 3,700 buses, including buses won by the company on intra-city routes across Delhi, Madhya Pradesh, Andhra Pradesh, Bihar, and the Union Territory of Puducherry in auctions. These auctions were conducted by the National E-Bus Program and the PM Seva E-Mobility initiative. GreenCell currently manages over 1,200 electric buses. The funding comes months after IFC said it was infusing $37 million mezzanine capital in GreenCell Mobility and $100 million to JBM ECOLIFE to help deploy electric buses and charging stations across 39 municipalities. Also ReadIndia’s traffic congestion might have a complex solution: private-public partnerships“Through this funding round for GreenCell Mobility (GCM), we are deepening our partnership with IFC, BII and Tata Capital (leaders in sustainable investments)," said Dhanpal Jhaveri, Vice Chairman, Everstone Group and CEO, Eversource Capital."The transaction exemplifies the catalytic role that private, development and institutional capital can play in accelerating India’s clean transport revolution. GCM’s expanded operations will drive transformation efficient transportation to cities and… Read MoreYourStory RSS Feed
Why climatetech is India’s biggest deeptech opportunity
India is growing fast. At the same time, the country is facing urgent climate pressures in energy, air quality, and industrial emissions. This is not a constraint. It is a moment of opportunity for founders who think big and build solutions that matter.ClimateTech refers to technologies that prevent, reduce, or reverse the impacts of climate change. In India, this is not a niche play. It is becoming core infrastructure for economic growth and competitiveness. With strong policy support, rising capital flows, and real market demand, ClimateTech now stands out as India’s biggest deeptech opportunity.The ClimateTech boom in IndiaThe ClimateTech sector in India has reached scale faster than many expected. In the early 2020s, ClimateTech investment was nascent. By 2023‑24, India saw more than $2.2 billion investment into ClimateTech startups, more than three times what it was just two years earlier. More than 800 startups are now working across clean energy, mobility, agriculture, water, and industrial decarbonisation. This growth is driven by real problems that cannot be solved with simple software alone. ClimateTech requires engineering, new materials, advanced analytics, and industrial-scale solutions. That is what makes it true deeptech.Why India is a strategic testing groundIndia’s climate problems are large and visible.… Read MoreYourStory RSS Feed
Aerem secures $15M to scale distributed solar network across India
Aerem Solutions, a Mumbai-based full-stack distributed solar platform, has raised $15 million (Rs 136 crore) in a Pre-Series B round led by SMBC Asia Rising Fund, the venture capital arm of Sumitomo Mitsui Banking Corporation. The round also saw participation from existing investors such as British International Investment (BII), UTEC, Blume Ventures, Avaana Capital, Riverwalk Holdings, and SE Ventures.The company said the fresh capital will support the company’s efforts to expand its national footprint, strengthen EPC and installer enablement, and accelerate distributed solar adoption among MSMEs and households by enhancing affordability and execution reliability.“SMBC Group is committed to fostering the sustainable growth of the Indian economy through its financial expertise. We believe that Aerem’s integrated solutions across the solar energy ecosystem, including financing, marketplace platforms, and data-driven services, combined with SMBC Group’s financial capabilities, will play a pivotal role in accelerating the adoption of clean solar energy in India,” said Rajeev Kannan, Head of India Division, Managing Executive Officer, SMBC.Founded in 2021 by Anand Jain and Vikesh Agrawal, Aerem offers an integrated technology platform that streamlines solar financing, system design, equipment procurement, and asset monitoring for MSMEs, installers, and lending partners. Anand Jain, Founder and CEO of Aerem Solutions, said, SMBC’s partnership… Read MoreYourStory RSS Feed
Kitchenware Brand Cumin Co Raises $5 Mn To Scale R&D And...
Daily Duronto Can Start Between Mumbai & Bengaluru: Travel Time 18...
Across the rails, speed and convenience chase the horizon, shaping journeys before they even begin. Plans for a Faster Bengaluru-Mumbai Link The Indian Railways is reportedly planning a Duronto Express connecting Bengaluru and Mumbai, targeting an 18-hour journey, sources say. This comes shortly after the Railway Board approved a bi-weekly “superfast” train between the two cities, covering the 1,209-km route in about 24 hours—slower than the existing Udyan Express. The service, notified on December 9, 2025, will operate as train 16553/16554 SMVT Bengaluru-LTT Mumbai-SMVT Bengaluru. Under the proposed schedule, train 16553 would depart SMVT Bengaluru at 8.35 pm on Saturdays and Tuesdays, arriving at LTT Mumbai at 8.40 pm the next day. The return service, 16554, would leave LTT Mumbai at 11.15 pm on Sundays and Wednesdays, reaching SMVT Bengaluru at 10.30 pm. The train will have 14 stoppages, including Hubballi and Pune, and run with 17 LHB coaches, with primary maintenance at SMVT Bengaluru. Despite the announcement, the long travel time has drawn criticism from passengers and experts. Duronto Express Proposal and Public Expectations Sources indicate that the Railway Board is considering a Duronto Express between KSR Bengaluru and CSMT Mumbai via Tumakuru, Davangere, Hubballi, Belagavi, Miraj, and Pune.… Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups
Mahindra Showcases Formula E-Race Car At Davos
During 2014, Mahindra Racing joined the Formula E championship and from then it has steadily strengthened its presence on the global electric racing stage. Mahindra Showcasing Formula E Race Car – M12Electro We could witness this 2024-25 season as the team achieved a commendable fourth-place finish, outperforming rivals such as Neom McLaren and Maserati MSG. These results definitely underscored the progress Mahindra has made in the series. It appears that the Mahindra Racing team has delivered a standout performance at the Mexico City E-Prix, where Edoardo Mortara secured second place in Round 2, showcasing both his skill and the growing competitiveness of Mahindra’s GEN3 Evo package. Considering the momentum, now Mahindra Racing has put its Formula E car on display at Davos. Although this car is not new, it is the same machine unveiled in India last October, and the same one which Mortara drove to success in Mexico. Showcasing Mahindra’s Commitment Basically, this showcase highlights the team’s ongoing commitment to visibility on the global stage. Its new design looks attractive with a blend of metallic red, gloss white, and carbon black, with twelve stripes symbolizing each season of the team’s journey in Formula E. In addition to this, an… Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups
Lucknow-Kanpur Travel Time Will Reduce To 30 Mins With New Expressway
Presently, the Ministry of Road Transport and Highways (MoRTH) has undertaken several infrastructure projects which are specifically designed to strengthen the connectivity across the country. With these initiatives, they are expecting to significantly improve inter-city travel efficiency further boosting the economic development in the region. They have commenced the development of Lucknow-Kanpur Expressway under this initiative. Lucknow-Kanpur Expressway – Travel Time Reduced To 30 Minutes With the construction of this 63-km-long Lucknow-Kanpur Expressway project, they are expecting to reduce travel time to around 30 minutes – down from the current 1.5 hours to 3 hours. For the construction of this project they have estimated a cost of more than Rs 4200 crore which will be used in designing a modern, access-controlled corridor, this expressway will ease traffic congestion on existing routes, improve road safety and lower fuel consumption. Moving ahead, this Kanpur-Lucknow Expressway will also be connected to the Ganga Expressway. Giving A Big Boost To Economy This way, it is going to help in reducing both the distance and travel time for journeys toward both eastern and western UP. Besides this, the Lucknow-Kanpur Expressway will also have a major impact on the regional economy. It would also benefit the… Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups
TCS Spends Rs 4 Crore For Launching Regional HQ In Saudi...
Tata Consultancy Services (TCS) has announced the incorporation of a regional headquarters in Riyadh, Saudi Arabia, through an investment of approximately 1.65 million Saudi Riyals (about ₹4 crore). The new entity, named Tata Consultancy Services Regional Headquarters, was formally incorporated on 18 January 2026 as a wholly owned subsidiary. Complying With Local Requirements Saudi Arabia’s Regional Headquarters (RHQ) Program requires multinational companies to maintain a licensed RHQ in the capital to participate in government and semi-government project bidding. Establishing such an entity enables firms like TCS to qualify for public tenders and deepen business engagements within the Kingdom. Strategic Business Implications The incorporation of the Riyadh HQ aligns with Saudi Vision 2030, which aims to attract foreign direct investment, localise decision-making, and strengthen long-term commitments by global firms. For TCS, this move facilitates closer proximity to key Saudi clients, faster decision cycles, and enhanced credibility when pursuing large-scale IT, digital, and consulting contracts within the region. TCS’s Global Footprint Expansion TCS, an Indian multinational technology services and consulting firm, already operates in numerous countries around the world. The Saudi RHQ adds another strategic location to its global operations, positioning the company to expand its footprint in the Middle East and… Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups
