The International Finance Corporation (IFC) has announced $20 million equity investment in electric vehicle (EV) platform, Transvolt Mobility, as part of a $50 million funding round. This marks IFC’s first equity investment in an EV platform and aims to support Transvolt in scaling its electric fleet to 3,500 vehicles. Transvolt also plans to deploy 8,000 heavy commercial EVs, including buses and trucks, across India, having already deployed 500 units since 2023.
LATEST
- [ April 30, 2026 ] Ganga Expressway worth Rs 362.30 billion gets inaugurated Roads and Bridges
- [ April 30, 2026 ] Centre launches two new Amrit Bharat Express trains Railways
- [ April 30, 2026 ] 62 vessels to be added in 2026-27 with Rs 513.83 billion investment Ports & Shipping
- [ April 30, 2026 ] Ministry of Coal signs CMDPAs with UCG provisions for four commercial coal mines Power
- [ April 30, 2026 ] Maharashtra approves AI policy with Rs 100 billion investment target Telecom
- [ April 30, 2026 ] Reliance Industries to invest Rs 1,600 billion in data centre cluster in Andhra Pradesh Power
- [ April 29, 2026 ] 59.1 per cent physical progress achieved on Mumbai-Ahmedabad HSR Corridor Project in Maharashtra, Gujarat Railways
- [ April 29, 2026 ] Cemindia wins contract for EC-03 under Delhi Metro Phase VA Urban Infrastructure
- [ April 29, 2026 ] Oriana Power invests Rs 120 million in subsidiary for BESS-linked solar project Power
- [ April 29, 2026 ] Enrich inks contract for 290 MW BESS in Andhra Pradesh Power
COPYRIGHT © 2016- 2025 | INDIAN INFRASTRUCTURE