The Startup Trends Media’s Post

Electric vehicle (EV) manufacturer Ola Electric is raising a debt of INR 100 Cr (about $12 Mn) from venture debt fund Alteria Capital👇 As per the startup’s regulatory filings with the Registrar of Companies, its board approved the issuance of 10,000 non-convertible debentures (NCDs) with face value of INR 1 Lakh each to Alteria Capital. While 6,000 NCDs will be allotted to Alterial Capital India Fund II, the remaining will be issued to Alteria Capital India Fund III. “The company intends to raise funds through (an) issue of 6,000… non convertible debentures… having face value of INR 1,00,000/- each to Alteria Capital India Fund II and 4,000 NCDs… having face value of INR 1,00,000/- each to Alteria Capital Fund III… aggregating up to INR 100,00,00,000/-..,” the filing said. There is no clarity on how the EV startup plans to use the capital. 🔗 To read more in detail, click here: https://lnkd.in/gKYnDXsE #news #funding #startups #electricvehicles

~~MAJOR ANNOUNCEMENT~~ EVCS is excited to announce securing commitments for more than $100 million in public funding. The funding will support the development of 500+ new DC Fast chargers across California, Oregon, and Washington, allowing the EVCS public charging network to expand into 70+ new cities. The chargers will be located at strategic destinations such as gyms, hotels, libraries, and entertainment centers. Read the full press release here: https://lnkd.in/giGwZC98 #evcs #evcharging #electricvehicles #EVs #electricmobility #emobility #DCFC #dcfastcharging #publiccharging #transportationelectrification #cleantransportation #publicprivatepartnership #california #oregon #washington #funding #investment #investors #startup #entrepreneurship #news #pressrelease #EVnews

A must read if thinking about, preparing or currently raising capital...great data charts in this blog. I see it all the time with false expectations of why their company would be so unique that would not fall within the data points which in most cases... is a wake up call to reality. Today, the SAFE is the dominant fundraising mechanism in the pre-seed market. In Q2, 88% of all pre-seed deals on Carta were SAFEs, compared to just 12% that were convertible notes, the largest quarterly split we’ve seen to date. https://lnkd.in/g9QrTP78 #electriccar #electricvehicles #electricvehicle #emobility #futureofmobility #EV #electric #electriccars #electricvehicle #emobility #futureofmobility #fleetmanagement #autonomousvehicles #boats #startup #impactinvesting #VCS #VC #fundrasing #seed #investors #founders #angelinvesting #venturecapital #Entrepreneurs #privateequity #familyoffices  

🚗Ascend Capital Raises INR 50 Crore for Expansion in EV Financing. 💰Funding Round Details: - Ascend Capital, an EV financing startup, secured INR 50 Cr in its Series A funding round, co-led by InfoEdge Ventures and Asha Ventures. 📈Business Expansion Plans: - With the fresh capital, Ascend aims to expand its book across multiple geographies and achieve an Asset Under Management (AUM) target of INR 300 Cr over the next two years. 🔍Company Background: - Ascend Capital, an RBI-registered NBFC, is committed to leading India's mobility finance industry. 🌐Market Position and Competition: - Ascend competes against Revfin, Mufin Green Finance, Ecofy, and Vidyut in the EV financing space, positioning itself as a top player. 🔋Challenges and Solutions: - EV financing demands specialized knowledge, including battery and vehicle quality assessment. Ascend claims to have developed internal benchmarks and data repositories to address these challenges. 💡Investor Perspective: - Pramod Bhasin of Asha Ventures highlighted the importance of EV financing, especially for enabling India's net-zero ambitions, expressing confidence in Ascend's ability to lead in this segment. 📊Market Outlook: - The EV financing market is projected to grow at a CAGR of over 15% to reach $4.37 Bn over the next five years, reflecting significant potential for growth and innovation. Ascend Capital #EVFinancing #FundingRound #BusinessExpansion #IndiaStartups #MobilityFinance #StartUpNews #MicroShots #NewsUpdates

Perpetuity Capital, a #fintech platform focused on clean-tech mobility, has received Rs 7 crore from N+1 Capital and RevX Capital in the form of Non-Convertible Debentures. Perpetuity Capital intends to use these #funds to strengthen its lending skills and extend its loan book, with a special focus on East India. This #strategicmove aims to increase the use of environmentally friendly #mobilitysolutions in these states. Perpetuity Capital, led by Karamveer Dhillon, provides #financing to delivery and autorickshaw drivers for the purchase of #electriccars for commercial use. Perpetuity Capital raised Rs 5 crore in financing from Clime #Finance in October 2023. Perpetuity Capital competes in the electric car finance market alongside Vidyut, Revfin, Finayo, Mufin Green Finance, OTO, evfin, and Hero FinCorp, among others. Revfin raised $14 million in a Series B headed by Omidyar Network in December, while Vidyut raised $10 million in February of this year. https://lnkd.in/fzpnPPW #EVFinancing #StartupFunding #PerpetuityCapital #ElectricVehicles #GreenTech #CleanEnergy #FundingNews #TechInnovation #Startups #electricvehicles #cleanmobility #Fintech #StartupFunding #GreenTransportation #Sustainability #CleanTransportation Perpetuity Capital RevFin FINAYO evfin Hero FinCorp

Here’s an article on the basic structure of a well-maintained cap table. #captable #funding #startups #venturecapital

⚡ ProsParity fuels EV financing with $2M pre-seed funding! 🚗🔌 #ProspArity #Startup #PreSeedFunding #Entrepreneurship #Business #VentureCapital #Investment #Business #Growth #India #Believeindia To read more in detail, click below: 👇 https://lnkd.in/gb8FH9GM

With the help of Baring Private Equity Partners India, LOHUM Cleantech, a producer of clean energy transition materials through battery recycling and repurposing, has received $23 million in its Series B1 round. According to sources, this round, which took place in August of last year, appears to be an older one that has since raised more money as part of a different round. With an initial investment of Rs 70 crore, Baring Private Equity spearheaded the round, with further funding coming from Cactus Venture Partners and VenturEast Proactive Fund contributing Rs 30 crore and Rs 32 crore, respectively. According to reports, the company was in talks to raise $100 million in a Series B investment. It had previously raised $7 million in January 2021. #funding #partners #entrepreneurship #entrepreneur #startup #venturecapital #capitalmarkets #capital #investiment #cleanenergy #battery #indian #energy #iedc MG Motors MG Motor Europe MG Motor AE

The Dutch #entrepreneurial development bank FMO has led an equity round of Rs 90 crore for the non-banking finance startup Ecofy, which focuses on green energy. With this investment, Ecofy hopes to expand its #loan portfolio, broaden its range of offerings, and ultimately raise its credit score. Eversource Capital, an equal joint #venture between Everstone Group and Lightsource bp, is the promoter of Ecofy. India’s largest climate impact fund is managed by Eversource. Ecofy encourages people and small #enterprises to choose sustainably and work towards a sustainable future. In addition to financing electric two- and three-wheelers, the Mumbai-based NBFC also provides funding to companies who want to lessen their #environmental effect. Ecofy Rajashree Nambiar FMO - Dutch entrepreneurial development bank Cornelis van Aerssen Govind Sankaranarayanan Read more - https://lnkd.in/gegXKn3f To share your startup story write us on - startup@viestories.com #ecofy #fmo #nbfc #startup #funding

ITAT.... "Registered Valuer's report, tailored to favor the company's interests without supporting evidence, is deemed unreliable. Consequently, the assessing officer has determined the company's net worth as negative due to sustained losses per the Balance Sheet. Therefore, the entirety of the premium is taxable under "Income From Other Sources." .. details Taxsutra #incometax #taxupdate #sharevaluation #merchantbanker #charteredaccountant #startups #fairmarketvalue #realtimeupdates #itat #incometaxtribunal #taxligation