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Nigerian Mobility Fintech Moove Closes $8 Million to Expand Vehicle Fleet in Ghana
Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs.
- Categories
- Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
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Making a Successful Business Pivot During the Energy Transition: Three Lessons from an Auto Supplier Diversifying into Renewables
As efforts to decarbonize the world’s energy systems accelerate, many industries and companies face both new challenges and tremendous opportunity — and the automotive industry is a highly visible proving ground for this shift. Diana Páez and Dana Gorodetsky at the William Davidson Institute explore how Bosal, a global automotive supplier, is leveraging its expertise with internal combustion engine-related products to expand into the renewable energy market, and share some lessons from its evolution that can be valuable to other companies affected by the energy transition.
- Categories
- Energy, Technology, Transportation
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India’s Climate-Focused VC Firm Avaana Capital Raises $70 Million
The fund will focus on investments in three sectors - energy transition and resource management; mobility and supply chains; and sustainable agriculture and food systems.
- Categories
- Agriculture, Energy, Environment, Technology, Transportation
- Region
- Asia Pacific
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Lubrizol Commits Largest India-Based Investment in Company’s 50+ Year History in Region
Chemical leader, Lubrizol Corporation, commits more than 150 million USD across multiple projects to accelerate growth in India.
- Categories
- Investing, Technology, Transportation, WASH
- Region
- Asia Pacific
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Afreximbank Ploughs $900 Million into Special Economic Zones Creation
Special Economic Zones (SEZs) can catalyse industrialisation while building domestic supply chains. They also attract foreign investment and skills transfers.
- Categories
- Investing, Technology, Transportation
- Region
- Sub-Saharan Africa
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Philippines Says China’s Yadea to Invest $1 Billion in E-Motorcycle Plant
The factory will have an annual production capacity of 3 million to 5 million units that will cater to domestic demand.
- Categories
- Transportation
- Region
- South Asia
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Engine Maker Cummins to Invest $1 Billion in India
Cummins Group plans to invest $1bn in India over the next decade and recruit 4,000 staff as it shifts from fossil fuel engines to hydrogen and green energy options.
- Categories
- Energy, Investing, Technology, Transportation
- Region
- Asia Pacific
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Electric Vehicle Financing Startup RevFin Raises $5 Million in Debt
Revfin last raised $10 million in a Series A funding round in October 2022 from Green Frontier Capital and LC Nueva Investment Partners.
- Categories
- Energy, Finance, Technology, Transportation
- Region
- Asia Pacific
- Tags
- electric vehicles, fintech, startups