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Lightrock plans $500 million energy fund Accelerate7 to back Indian growth stage clean tech startups

Lightrock plans $500 million energy fund Accelerate7 to back Indian growth stage clean tech startups

PE firm Lightrock is launching its $500 million, energy-focused fund Accelerate7, aiming to back growth-stage startups across Southeast Asia, South Asia, and Sub-Saharan Africa. Lightrock expects a meaningful allocation to India, targeting companies advancing UN SDG 7 through energy storage, electric mobility, sustainable energy transition, energy financing, and related enabling tech. The fund will invest $10–$50 million per startup, backed by a requirement for commercial viability and regular impact reporting. It has already invested in Euler Motors and SolarSquare.

Summarised by Beize from a story on Inc42 on 15 May 2026
Hero MotoCorp shares rise after record Q4 but Goldman flags 16 percent downside risk

Hero MotoCorp shares rise after record Q4 but Goldman flags 16 percent downside risk

Hero MotoCorp shares gained around 2% after the company posted record Q4 FY26 revenue and profit, supported by strong volumes, premium launches and momentum in electric mobility. Still, Goldman Sachs sees potential 16% downside, citing risks around commodity inflation, supply-chain stability and whether FY27 market-share trends can hold despite the improved quarter.

Summarised by Beize from a story on The Economic Times on 6 May 2026

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Mercedes-Benz India chief says new EV lineup coming in 18 to 20 months

Mercedes-Benz India chief says new EV lineup coming in 18 to 20 months

Mercedes-Benz India’s chief says the automaker’s EV push is set to speed up, with a slate of new electric models planned for the next 18 to 20 months. The company aims to expand its EV presence across multiple segments, signaling a broader strategy to meet India’s growing demand for sustainable mobility.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026
7 seater EV race heats up in India as VinFast Mahindra BYD Kia chase family buyers

7 seater EV race heats up in India as VinFast Mahindra BYD Kia chase family buyers

India’s EV race is shifting from commuting to family comfort as more seven-seater electric models enter the market. Brands including VinFast, Mahindra and Mahindra, BYD, JSW MG, and Kia are targeting affluent city buyers who want spacious rides without sacrificing efficiency. The push signals a new battleground: value, comfort, and eco-friendly convenience for everyday journeys.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
TIDCO to fund AgniKul Cosmos and Raptee Energy with ₹25 crore each

TIDCO to fund AgniKul Cosmos and Raptee Energy with ₹25 crore each

Tamil Nadu Industrial Development Corporation (TIDCO) will invest ₹25 crore each in space-tech startup AgniKul Cosmos and electric mobility firm Raptee Energy. The move kicks off TIDCO’s Startup Investment Policy 2025, designed to deepen the state’s startup financing ecosystem. TIDCO is also rebranding itself as a venture catalyst to back future growth sectors.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Delhi drafts EV Policy 2.0 with citizen first incentives for EV buyers and scrappage

Delhi drafts EV Policy 2.0 with citizen first incentives for EV buyers and scrappage

Delhi’s draft Electric Vehicle Policy 2.0, shaped around a “citizen-first approach,” proposes purchase and scrappage incentives to speed up the shift to electric mobility. The key offer is 100% exemption from road tax and registration fees for EVs priced below Rs 30 lakh, targeting middle and lower-income buyers with less upfront financial burden.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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