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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The Central Transmission Utility of India Limited (CTUIL) has initiated the reallocation of 8,207 MW of vacant ISTS connectivity under Regulation 11(C) of the GNA Regulations to improve transmission infrastructure utilization. Eligible applicants can apply by 19 August 2026, with region-wise reallocation meetings scheduled on 21 August 2026.
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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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Envision Energy and Sasol have partnered to evaluate a green hydrogen production system at Sasolburg, South Africa. The feasibility study will explore integrating renewable energy, battery storage, and electrolyser technologies to support low-carbon fuels and chemical production. Envision will contribute expertise in renewable solutions, AI-based energy management, storage, and hydrogen technologies.
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Oriana Power Limited has signed an MoU with the Government of Maharashtra to develop an integrated Green Hydrogen project with an investment of approximately ₹4,500 crore. The project will include facilities for producing Green Hydrogen, Green Ammonia, and Green Methanol, supporting India’s clean energy and decarbonization goals.
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Vimag Labs, a Bengaluru-based deep-tech startup, has secured an Indian patent for its software-defined, rare earth-free electric motor platform called the Virtual Magnet Synchronous Motor (VMSM). The technology replaces permanent rare-earth magnets with software-controlled magnetic fields, delivering performance comparable to conventional PMSMs while reducing dependence on critical minerals.
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