Axis Bank and GuarantCo infuse Rs 2.50 bn into Vivriti Capital

13 Dec 2023 CW Team

Axis Bank and GuarantCo have collaborated to extend a loan of Rs 2.50 billion to Vivriti Capital, aiming to accelerate the growth of electric mobility in India. This strategic financial infusion emphasizes the increasing importance of sustainable transportation solutions in the country's evolving landscape.

The financial support from Axis Bank and GuarantCo reflects a shared commitment to promoting and facilitating the transition towards electric vehicles (EVs). Vivriti Capital, as a recipient of this loan, is well-positioned to play a crucial role in advancing the adoption of electric mobility solutions. The funds will likely be utilised to bolster EV infrastructure, promote research and development, and address the financial requirements of key players in the electric mobility sector.

India's push towards electric mobility aligns with global efforts to reduce carbon emissions and combat climate change. The collaboration between Axis Bank, GuarantCo, and Vivriti Capital is a testament to the financial sector's recognition of the pivotal role it can play in supporting sustainable initiatives. The investment not only catalyses the growth of the electric mobility market but also signifies a broader shift towards environmentally conscious practices in the financial industry.

The infusion of Rs 2.50 billion is poised to make a significant impact on the electric mobility landscape in India, fostering innovation and scalability in the sector. This collaborative effort underlines the crucial role that financial institutions can play in driving positive change and supporting initiatives that contribute to a cleaner and greener future.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..