The first electric bus contract from Rajasthan State Road Transport Corporation (RSRTC) has been bagged by GreenCell Mobility Private Limited
GreenCell Mobility awarded the first electric bus contract tendered by RSRTC – Asia Pacific | Energetica India Magazine
GreenCell Mobility takes its first step towards a greener mobility along with RSRTC starting this September from Jaipur to Delhi.
GreenCell Mobility has been incubated to be a leading pan-India shared electric mobility player, by leveraging proven global experience, developments in e-mobility technology and Government of India’s strong push for electrification of transportation in India. GreenCell Mobility is backed by EverSource Capital, the fund manager of Green Growth Equity Fund (GGEF). EverSource Capital is a 50:50 joint venture between Everstone Group, a premier investment group focused on India and South East Asia, with assets in excess of US$5 billion across private equity, real estate, infrastructure and venture capital; and Lightsource bp, a global leader in development and management of solar energy projects. GGEF is established with anchor investment from National Investment and Infrastructure Fund (NIIF) backed by Government of India and the Department for International Development (DFID), Government of UK.
The National Investment and Infrastructure Fund of India is pleased to announce that it has partnered with the UK Government to launch the Green Growth Equity Fund (“GGEF”). NIIF and the UK Government have committed GBP 120 million each into the Fund. EverSource Capital, an equal joint venture between Everstone Group and Lightsource BP was selected as the fund manager for GGEF following an international selection process. Everstone Group is a premier multi-asset investment firm and Lightsource BP is a global market leader in renewable energy development and management.
UK’s energy major BP will invest $70 million in the Green Growth Equity Fund (GGEF) with an aim to rapidly scale-up commercially viable low carbon solutions, the company said in a statement.
Mumbai, Tuesday, July 07, 2020: EverSource Capital, the fund manager of Green Growth Equity fund (GGEF/Fund) has today announced an investment of US $70 million by bp, one of the leading energy majors in the world, in GGEF. bp will be a Limited Partner in GGEF and also have representation on its advisory board.
You cannot copy content of this page