Mufin Green Finance Collaborates With IREDA, MeraTractor Secures ?5Cr. In Pre-Series A Funding, And Much More..

Mufin Green Finance Green Finance has collaborated with IREDA, Indian Renewable Energy Development Agency Limited to increase its retail #ev portfolio of two- and three-wheelers (primarily E-rickshaws and E-autos) across #india over a time period.Mufin Green Finance aims to reach to 55,000 consumers in the beginning and then expand to more than 1,00,000 consumers with this partnership.?The initiative’s major feature is the 40% reduction in borrowing costs for end-consumers.

Meratractor , a Pune-based start-up and a ‘Phygital’ marketplace catering to farm mechanization products, has raised INR 5Cr. in Pre-Series A funding, bringing total capital raised to?7.25 Cr. post this round. The funding round was led by Mr. Vibhor Sahare , CEO & Co-founder of ANS Commerce and Ex-CEO & Co-founder of Gaadi.com, Real-Time Angel Fund, and Digital Futuristic Angels Network. The newly raised funds will be utilized in increasing dealership network presence and enhancing technology to organize supply channels.

Mahindra Last Mile Mobility , part of the Mahindra Group, has launched the?NEMO Driver Application?for individual drivers. The NEMO Driver App is based on Mahindra’s renowned connected mobility infrastructure, developed in-house. It addresses key issues such as range anxiety, helps the customer to plan charging cycles, and thereon increase their operational efficiency. It is interactive and gives live key statistics about the Mahindra electric 3-wheelers (Treo auto, Treo Zor and Zor Grand) including driving and charging insights.

Canadian cleantech major Hygge Energy ’s software platform to unlock the monetary potential of renewable energy has been successfully implemented at an #evcharging pilot project, aptly titled “Zero Emission Electric Mobility”, with global energy giant Indian Oil Corporation Limited at the latter’s retail outlet (RO). Indian Oil Corp Limited is keen on expanding Hygge Energy’s program to other such sites where EV charging can be supported by existing #rooftopsolar installations at these ROs for providing a zero-emission e-mobility experience to EV drivers and making the #ev charging business profitable.

Chara, a Bangalore-based deep-tech start-up, has raised a pre-series A round of $4.75M led by Exfinity Venture Partners , a Bengaluru-based VC firm known for its B2B focus and deep-tech expertise. This round also had participation from Vietnam-based Big Capital, the venture arm of Bitexco and Log9 Materials. Kalaari Capital and ciie.co who are existing investors participated in this round as well.There has been a global shift towards #emobility, greenification of the supply chain, and other electrification trends. The existing motor technologies which were designed about a century back need a major overhaul to meet these emerging needs in an efficient and cost-effective manner.?