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

Technology

03 Jun 2026

BigBloc Q4 Revenue Rises 34.6 Per Cent to Rs 869.3 Million

BigBloc Construction reported consolidated revenue from operations of Rs 869.3 million in Q4 FY26, marking a 34.6 per cent year-on-year increase from Rs 645.9 million in the corresponding quarter last year. EBITDA stood at Rs 70.6 million, reflecting stable performance despite continued pressure on the building materials sector. For FY26, the company posted revenue from operations of Rs 2.83 billion, up 26.2 per cent from Rs 2.25 billion in FY25. EBITDA for the year stood at Rs 229.3 million, with an EBITDA margin of 8.09 per cent. Commenting on the performance, Mohit Saboo, Director & CFO, ..

John Crane Retrofit Cuts Water Use at Copper Mine Pump

John Crane has retrofitted a mechanical seal on a large underflow thickener slurry pump at a major copper mining operation, reducing sealing water consumption by around 288,000 litres per day while improving maintenance efficiency on a critical asset.The retrofit replaced the pump's traditional stuffing box arrangement, which required shaft sleeve replacement every four months due to abrasive wear. These maintenance activities involved significant downtime, a 100-tonne crane and extensive manpower.John Crane developed a mechanical seal package that could be installed without modifying the exis..

TKIL Industries Appoints Gaurav Srivastava as CFO

TKIL Industries has appointed Gaurav Kumar Srivastava as Chief Financial Officer (CFO), effective 1 June 2026. He succeeds Ketan Pendse, Chief Financial Officer and Whole-time Director, who is stepping down after more than two decades with the company. Srivastava previously served as Executive Vice President, Finance & Taxation.Announcing the appointment, Vivek Bhatia, Managing Director & CEO, TKIL Industries, thanked Pendse for his long-standing contribution to the organisation and wished him success in his future endeavours.Bhatia said, “Gaurav’s appointment reflects our continued focus ..