NEWS & EVENTS
ECONOMY & POLICY

NEWS & EVENTS

Freyr Energy, a leading tech-enabled rooftop solar company, has secured an equity investment of Rs 580 million. The round was led by EDFI ElectriFI and other investors are Schneider Electric Energy Asia Fund, Lotus Capital, MaybrightVentures and VT Capital.  Abhishek Agarwal (Founder and M...

Freyr Energy, a leading tech-enabled rooftop solar company, has secured an equity investment of Rs 580 million. The round was led by EDFI ElectriFI and other investors are Schneider Electric Energy Asia Fund, Lotus Capital, MaybrightVentures and VT Capital.  Abhishek Agarwal (Founder and Managing Partner, Lotus Capital) said, “Rooftop solar makes up less than 2 per cent of the energy mix today and solar power, which is 60 per cent less expensive than grid power presents a substantial market opportunity.” Freyr is trying to make designing, procuring and installing rooftop solar a hassle-free experience for customers.Servotech Power Systems (SPSL), India’s leading EV charger manufacturer recently signed two MOUs with IIT Roorkee to develop state-of-the-art rectifier units for CCS2 chargers and onboard electric vehicle (EV) chargers for 2, 3 and 4-wheelers. The onboard charger for EVs eliminates the need for a separate charger, enhancing convenience and user-friendliness of EVs. Raman Bhatia, MD, Servotech Power Systems, said, “There is an influx of Chinese components dominating the current scenario.  This strengthens our 'Make in India' commitment.” Best Power Equipments India (BPE) participated at the Gates India ICT Business Channel Summit in Jaipur. Singapore-based organisation GATES, is a leader in Information and Communication Technology (ICT) channel ecosystems facilitating accelerated go-to-markets for organisations across technology verticals in Asia Pacific. The ICT sector contributes over 13 per cent to the country’s GDP making it a major industry for the nation's growth.  

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