Mahindra Last Mile Mobility (MLMML) has raised ₹322 crore in a funding round led by Lightrock, achieving unicorn status with a valuation of ₹10,822 crore. Existing investors IFC and India-Japan Fund also participated. The company has recorded strong growth in electric three-wheeler sales, including six-fold expansion over four years and 85% year-on-year growth in Q1 FY27.
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A study on the global PV manufacturing equipment market, commissioned by VDMA. The report projects annual CAPEX rising from $16.6 billion in 2025 to $43.8 billion by 2035, with a cumulative market of up to $300 billion. It highlights Europe’s strengths in high-quality, reliable equipment but notes the lack of a strong domestic market.
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Porsche India has launched the Cayenne Electric at ₹1.77 crore, alongside the higher-performance Cayenne Turbo Electric priced at ₹2.20 crore (₹2,27,51,000). Customer deliveries began September 30 with the official launch in Mumbai. The model adds an all-electric version to the Cayenne range, retaining its versatility and everyday usability while combining Porsche performance with electric mobility.
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IndiGrid Infrastructure Trust will acquire 100% shareholding and management control of Luhri Power Transmission Ltd (LPTL) from Enerica ReGrid Infra Pvt Ltd for enterprise value up to Rs 1,336 crore. Securities purchase agreements were signed on Sep 25, 2026. LPTL is an ISTS project under construction, incorporated on Oct 28, 2022 by REC Power Development and Consultancy Ltd to evacuate power from Sunni Dam and Luhri Stage-I Hydro projects.
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Vikran Engineering has secured a ₹153.76 crore order from Power Grid Corporation of India for the 400 kV AIS Extension Package SS-136T. The project involves extending the 400/220 kV Tumkur-II AIS Pooling Substation and civil works for a ±300 MVAR STATCOM at the facility. To be completed within 21 months from Notification of Award, it is part of transmission strengthening to integrate an additional 2.
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Murugappa Group flagship Tube Investments of India (TII) will infuse ₹250 crore into its EV arm TI Clean Mobility Private Limited (TICMPL). Under a Subscription Agreement, TII has been allotted 2.5 crore Series C Compulsorily Convertible Preference Shares (CCPS) at face value of ₹100 per share on an arm's length basis.
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CATL will supply a 313 MW / 1,639 MWh battery storage system to Copenhagen Infrastructure Partners' La Alegría Solar project in Campeche, Mexico. The 5.24-hour BESS will be Mexico's first over 1 GWh and its largest to date, a major scale-up from the March-approved 177.69 MW / 314.98 MWh environmental permit.
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Vestas has secured two firm orders totalling 614 MW for wind farms in Western Australia, covering 99 V162-6.2 MW EnVentus turbines with 30-year Active Output Management 5000 service agreements, part of its Q3 2026 order intake. Atmos Renewables ordered 78 turbines for the 484 MW Parron Maam Marang Farm, while Foresight Group ordered 21 turbines for the 130 MW Kondinin Wind Farm.
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LONGi Green Energy Technology Co., Ltd. showcased its latest solar innovations and signed MOUs totaling 1.3 GW at the Solar and Storage Live Africa Event. The company launched the Hi-MO 9 Hydroclear module for high-dust environments and the S10 Ultimate Power Module delivering up to 685 W and 25.
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Researchers in the United States have developed an adaptive, machine learning-based EV charging technique capable of reducing charging time to under 10 minutes while preserving battery health. The system dynamically adjusts charging protocols based on real-time battery condition, addressing variability in lithium-ion performance.
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Mauritius is gradually developing its EV charging infrastructure, with a limited but growing network of public and private charging points, primarily concentrated in urban areas. The market benefits from strong renewable energy potential, with increasing emphasis on solar-powered and off-grid charging solutions to address grid constraints.
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TrueRE Oriana Power has sold its 110 MWp C&I solar portfolio to global investor Actis for an enterprise value of INR 501 crore. The deal involves transfer of stakes in Truere Guj SPV Pvt Ltd and Truere Current Pvt Ltd, and is the first tranche of proposed divestment of 238 MW of operational solar assets to Actis.
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The Union Cabinet on September 30, 2026 approved Rs 1,86,405 crore Green Energy Corridor Phase-III to evacuate 135 GW renewable power and deploy 50 GWh battery storage, targeting completion by FY 2032-33. Announced by Minister Ashwini Vaishnaw, the scheme earmarks Rs 1,36,378 crore for intra-state transmission strengthening and Rs 50,000 crore for storage, with Central assistance of Rs 54,082 crore.
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Solar Energy Corporation of India (SECI) has invited bids for turnkey development and operation of a 60 MW (AC) ISTS-connected solar PV plant in Gaya, Bihar, under Tender No. SECI/C&P/OP/11/0007/26-27 dated September 30, 2026. The scope covers complete EPC - design, engineering, supply, construction, erection, testing and commissioning, plus 5 years comprehensive O&M.
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