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.

Infrastructure Urban

13 Mar 2026

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Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

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