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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Tata Power has commissioned the second element of its Jalpura-Khurja transmission project in Uttar Pradesh via wholly owned TP Jalpura Khurja Power Transmission Ltd. The asset includes a 400 kV double-circuit line of 162 CKM (two circuits of ∼81 km each) connecting Khurja, a strategic power node in Western UP, to Jalpura, and a 400/220 kV GIS substation at Jalpura with 1,000 MVA capacity.
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Waaree Transpower, subsidiary of Waaree Energies Ltd, will invest ₹192 crore to set up a state-of-the-art transformer manufacturing facility operational by April 2027. The 500 MVA, 400 kV facility will enable manufacturing across 132 kV, 220 kV and 400 kV voltage classes to meet growing demand from India's expanding transmission and renewable infrastructure.
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Engineering and construction company Sugs Lloyd Ltd has received Letters of Intent worth ₹214.27 crore from TP Southern Odisha Distribution Ltd (TPSODL) and TP Western Odisha Distribution Ltd (TPWODL) for network maintenance in Odisha. TPSODL LoI is valued at ₹115.02 crore and TPWODL at ₹99.
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Axis Energy has secured the EPC contract for a 552 MWp solar project in Anantapur, Andhra Pradesh, developed by Evren, a Brookfield-Axis Energy joint venture. The project, to be commissioned in 18 months, is part of a 400 MW wind-solar hybrid project integrated with Battery Energy Storage Systems (BESS) to meet peak power demand.
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Israeli Ambassador Reuven Azar said India-Israel auto tech cooperation is accelerating as India becomes more globally competitive. He cited Mobileye partnering with Mahindra & Mahindra to equip six upcoming models with advanced sensors, and EVR Motors collaborating with L&T to manufacture electric motors in India.
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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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Minister Nitin Gadkari highlighted India's EV bus supply gap: demand is 1,00,000 units annually versus 50,000-60,000 manufacturing capacity. This creates growth opportunity for leaders JBM Auto and Olectra Greentech. India's EV market is projected to reach ₹20 lakh crore by 2030, with 57 lakh EVs registered.
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SK Innovation E&S and Deokyang Energen signed an MOU September 2 at SK Green Campus, Seoul, to build five combined gaseous and liquefied hydrogen refuelling stations in South Korea. Deokyang Energen will build gaseous facilities near SK's existing liquid stations and supply the gas. SK Innovation E&S will develop hydrogen bus demand and operate the combined sites.
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Brazil approved NEBRA's green hydrogen research facility at the Parnaíba Export Zone, ZPE Piauí. The project, a joint venture of Green Energy Park and Piauí's investment arm, will host a 100kW SOEC demonstrator from Japan's Niterra, selected under METI's Global South Future-Oriented Co-Creation Project.
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