Blue Planet Environmental Solutions Pte. Ltd. (“Blue Planet”) announced the launch of Blue Nudge – learning program on sustainability in the presence of Mr. Alok Sharma President COP26 UN Climate Change Conference in a ceremony recently held at the British High Commission.
Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Kenichi Hori) announced today that it will invest INR300 million (approximately USD4.1 million) in Punjab Renewable Energy Systems Pvt. Ltd. (“PRESPL”), one of the leading biomass supply-chain management companies in India.
“Innovative solutions often require innovative forms of financing, such as private equity funds. Our partnership with the State Bank of India will create a much-needed source of equity financing for climate action and environmental sustainability solutions offered by innovative SMEs,” EIB’s head of operations in India, Christian Kettel Thomsen, said.
SBI Ventures” managing director and chief executive Suresh Kozhikote said the Neev Fund generates commercially attractive returns while making a significant positive contribution to society.
Astrome, a 5G wireless deep-tech startup, has raised $3.4 million in a round led by IAN Fund, Urania Ventures, and Cognizant founder Lakshmi Narayanan. The round also saw participation from Impact Collective, ArtPark, and a consortium of US-based angel investors.
SBI, EIB to invest up to Euro 100 mln in Indian SMEs focused on climate change, sustainability
The European Investment Bank and the country’s largest lender SBI on Friday entered into a pact to jointly pump Euro 100 million in equity financing into Indian small businesses focused on climate change and sustainability.
SBI’s PE arm hikes climate fund’s target 5 times to Rs 2,000 crore
SBICap Ventures has already got commitment from European Investment Bank (EIB) for about Rs 215 crore.