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

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..