Capital A announces launch of $10 mn fund to boost India’s EV sector

17 Feb 2022 CW Team

On Tuesday the venture fund Capital A, for seed to early-level significant start-ups, announced their launch of a $10 million cleantech fund which will be utilised for the funding of Electric Vehicles (EVs) and other related ecosystems including battery charging start-ups.

The fund, which is christened as Evolve, to help the venture in adopting EVs in the country.

The current requirement is the funding support for the promising EV original equipment manufacturers (OEM) start-ups and companies that are involved in battery management, battery technologies segments, and building charging.

Founder Capital A Ankit Kedia, in a statement, said that the company has launched the fund after the development of an active thesis along with forging industry partnerships which have enabled them in gaining deep insights into the Indian EV market. They further have the aim of supporting founders in building impactful start-ups.

The Capital A venture is looking at tie-ups with several academic institutions having a focus on the Electric Vehicle sector and encouraging entrepreneurship in the sector.

The vision is to ensure lack of working capital or mentors does not deteriorate the growth in the EV tech start-ups which is very promising. In electric mobility, the next big breakthrough can be created from innovation and creativity.

Image Source

Also read: EVRE to set up about 1,000 EV charging hubs by 2023 year-end

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..