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EVERSOURCE CAPITAL
Masters’ Union launches Rs 100 crore venture fund to back founders under 25Masters’ Union has launched MU Ventures, a Rs 100 crore fund to support founders under 25. It will invest small early-stage amounts and off...
Fund sees ‘significant’ opportunity in India’s new climate planIndia’s updated emissions-reduction plan is expected to create large investment opportunities in areas such as grid upgrades, battery stora...
ETtech Deals Digest: Startups raise $343 million this week, down 69% on-yearThe number of deals during the week was down significantly at 29, compared to 44 in the corresponding week last year.
Renewables firm Radiance raises $100 mn from Danish fund, FMORadiance Renewables secured $100 million in funding. This investment will fuel expansion into solar, wind-solar, and behind-the-meter proje...
Eversource makes Rs 1,200 crore offer for BluSmart, but deal clouded by Gensol probeEversource’s offer may not result in a deal due to probes at BluSmart’s sister concern Gensol; Eversource may directly negotiate with lende...
Anmol Jaggi pitched strategic changes at BluSmart ahead of Sebi crackdown on GensolHours before the Sebi interim order unmasking irregularities at Gensol Engineering, BluSmart cofounder Anmol Singh Jaggi wrote to sharehold...
Targeting to avoid 30 mn tonnes of GHG emissions by 2030, says Dhanpal Jhaveri, Eversource CEOEversource Capital planned significant investments to support India's net zero transition, targeting a reduction of 30 million tonnes of em...
ONGC to form an equal JV with EverEnviro to build 10 CBG plantsOil and Natural Gas Corp (ONGC) and EverEnviro Resource Management Pvt Ltd are joining forces to construct 10 compressed biogas (CBG) plant...
Climate investor Eversource receives grant funding from US and Danish governmentsEversource, a climate investment joint venture between Everstone Group and Lightsource BP, has received catalytic concessional capital from...
Eversource Capital, JSW Neo shortlisted for buyout of Continuum Green EnergyThe two bidders were among five that submitted non-binding indicative offers in early April. They will now conduct due diligence on the com...
Spencer’s Retail MD Devndra Chawla steps down; to join GreenCell Mobility as CEOIn a regulatory filing, the retail company said Chawla has tendered his resignation from the position of chief executive and managing direc...
India’s 'Green' retail NBFC Ecofy promoted by Eversource Capital launchedEcofy’s offerings include loans, leases, insurance, warranties, and buybacks for all green needs. Ecofy is born digital and uses technology...
EverSource closes climate impact fund at $741 millionEverSource is investing to combat climate change by focusing on the decarbonization of energy and resource efficiency. The Fund actively in...
PE funds invest $390 mn in renewable energy platform AyanaWith a $284 mn investment, NIIF is largest shareholder of Ayana
ReNew Power sells Karnataka wind farms to Ayana Renewable for Rs 1600 croreThe deal discussions are said to have dragged over a legal dispute between the Karnataka government owned power distribution company and Re...
Eversource buys ex investment banker's biz, enters solar rooftop spaceOrigin Renewables, which develops and invests in solar rooftop and other renewable projects on a Operational Expenditure (OPEX) or Build Ow...
EverSource, NIIF buy stake in Ayana Renewable for $330 millionAll three partners will invest $330 million cumulatively, according to a company statement.
EverSource to invest up to $150 million in green firm of former Ostro Energy executivesRanjit Gupta and Murali Subramanian, former CEO and COO, respectively, of Actis LLP’s Ostro Energy, will raise about $100-150 million from ...
EverSource to back renewable firm of ex.Ostro Energy executivesEverSource was launched at a time when several renewable power producers were in fundraising mode either by selling minority, or a controll...
Solar power firm FRV in talks with funds to sell India projectLike FRV, several foreign entities are in the process of exiting their solar businesses in India. Last week, Finnish firm Fortum sold 54% o...