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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BorgWarner has secured a business award to supply next-generation high-voltage traction inverter technology for future battery-electric vehicle programmes of a major automaker, extending its existing inverter supply relationship. The next-generation platform is designed for improved efficiency, enhanced scalability and optimised manufacturability.
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Rajesh Power Services Ltd has secured a ₹1,628.74 crore turnkey order from Dakshin Gujarat Vij Company Limited (DGVCL) for modernising Gujarat's power distribution infrastructure. The 24-month project involves converting existing 11/22 kV HT and LT overhead networks into underground cable systems across multiple locations under DGVCL's SI Scheme, along with deploying SCADA-compatible equipment.
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Mercedes-Benz has launched the GLC Electric in India at Rs78.50 lakh ex-showroom, locally produced at Chakan plant near Pune in single GLC 400 4MATIC variant on MB.EA-M platform. The SUV measures 4,856 mm length, 1,913 mm width, 1,652 mm height with 2,972 mm wheelbase, larger than ICE model. Highlights include 94 kWh NMC battery, 800V architecture, dual motors producing 483 bhp and 800 Nm, 0-100 kmph in 4.
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Avaada Group plans a 1,500 tonnes-per-day green ammonia facility at Gopalpur, Odisha, Chairman Vineet Mittal announced at Bharat Renewable Energy Summit & Expo 2026 in New Delhi. He pitched Odisha as a green industrial hub integrating renewables, pumped storage, green hydrogen and port infrastructure.
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TREX Energy has commissioned its battery manufacturing facility at E-City, Raviryal, Maheshwaram, Hyderabad on September 21, 2026. The facility features a 12 PPM module assembly line producing 52S battery packs for 261 kWh and 5 MWh BESS solutions, spanning 5 kWh to 5 MWh systems for residential, C&I and utility applications.
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CHARGEZONE has partnered with Ador-Quench (Quench Chargers) to deploy Made-in-India DC fast chargers across 1,000 new locations, ranging from 120kW to 480kW systems, targeting 300MW cumulative network capacity. Based on modular 30kW AC-DC converter architecture, chargers support cars, buses, trucks, with 360kW/480kW dispensers for commercial fleets enabling multi-vehicle charging.
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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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Everfuel A/S has signed a Grant Agreement on October 30 with German Government under European Hydrogen Bank Auctions-as-a-Service scheme for its Danish green hydrogen Project Frigg in Herning. Production support amounts to €0.98 per kg of RFNBO hydrogen, corresponding to €245 million for 200 MW project.
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South Korea has launched its second offshore wind auction for 2026 offering around 2.2 GW, taking total annual auction volume to nearly 4 GW. Per GWEC, tender includes 1.7 GW fixed-bottom (1.4 GW general track, 300 MW public-led) and 500 MW floating. This follows first-half auction of 1.8 GW that drew 3.
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France awarded just over 1 GW onshore wind across 63 projects in the 12th round of its PPE2 tender, DGEC said. Of 171 applications totaling 2.7 GW, winners secured weighted average price €78.57/MWh, up from €77.28/MWh previously. ESCOFI topped rankings with 5 projects totaling 102.2 MW (10.2%), followed by Q Energy 93.
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