Ecofy Secures $12.5M Danish Loan for Green Finance

27 Mar 2025 CW Team

Ecofy Finance, an Indian NBFC focused on green transition, has secured a $12.5 million long-term loan from Denmark’s Investment Fund for Developing Countries (IFU). The funding aims to bridge India’s last-mile climate finance gap in consumer, transportation, and SME sectors.

Key Highlights Plans to finance over 1 million EVs and 1.5 GW of rooftop solar in the next 6-7 years.

Supports India-Denmark Green Strategic Partnership (2020).

Focus on reducing air pollution and boosting SME access to green financing.

Axis Bank acted as the exclusive financial advisor for the deal.

The investment strengthens India’s clean energy shift, helping consumers and businesses transition away from fossil fuels while promoting sustainable growth.

Infrastructure Urban

14 Oct 2025

Vibrant Gujarat Meet Showcases Rs 1.25 Trillion Investment

The Vibrant Gujarat Regional Conference – North Gujarat was inaugurated on Saturday in Mehsana by Chief Minister Bhupendra Patel and Union Minister for Railways, Information and Broadcasting Ashwini Vaishnaw. The event underscored Gujarat’s emergence as a key pillar of India’s development in semiconductors, electronics manufacturing, modern logistics, and green energy. Addressing the gathering, Ashwini Vaishnaw said Gujarat is fast becoming the foundation of India’s industrial transformation, supported by an investment of Rs 1.25 trillion in the electronics and semiconductor sector. H..

JSW MG Motor Rises To No. 2 In India’s Luxury EV Market

JSW MG Motor India has climbed to the second position in India’s luxury electric vehicle (EV) segment, according to Vahan data for September 2025. The company’s growth has been fuelled by strong demand for two key models — the MG Cyberster and the MG M9 Presidential Limousine — both of which currently have a waiting period of three to four months. Launched in July 2025, the MG Cyberster has become India’s highest-selling sports car, with 256 units sold through the brand’s premium retail network, MG Select. “Securing the second spot in India’s luxury EV segment is a testament ..

Delhi Plans Higher EV Subsidies, Focus On Two-Wheelers

In a renewed push to accelerate electric vehicle (EV) adoption, the Delhi government is expected to introduce higher subsidies and expanded charging infrastructure for two-wheeler EVs in its upcoming Electric Vehicle Policy 2.0, The Times of India reported. The current EV policy, launched in 2020 under the Aam Aadmi Party (AAP) government, offers a Rs 5,000 subsidy per kWh of battery capacity, capped at Rs 30,000 per vehicle. According to senior officials, the new policy may double this benefit, providing a stronger financial incentive for buyers. However, the government has yet to clear pen..