TAG: "Imad N Fakhoury"

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IFC Invests ~USD 50 Million in GFCL EV for India’s First Integrated Battery Materials Facility

IFC’s ~USD 50 million investment in GFCL EV marks a major push toward building India’s first fully integrated battery materials facility. The move strengthens India’s position in the global battery-materials value chain, while supporting the country’s clean-technology goals and advanced manufacturing ambitions.

Imad N Fakhoury | December 05, 2025 | By News Bureau | 1196

IFC Announces USD 20 Million Equity Investment in Transvolt Mobility

IFC, a member of the World Bank Group, has made its first-ever equity investment in an electric vehicle platform in India, by investing USD 20 million in Transvolt Mobility as part of a USD 50 million funding round to scale its commercial EV fleet.

Imad N Fakhoury | July 18, 2025 | By Mrinmoy Dey | 1036

IFC and IndiGrid Partner to Develop 180 MW/360 MWh Standalone BESS Project in Gujarat

IFC has partnered with IndiGrid to support a 180 MW/360 MWh battery energy storage project in Gujarat. IFC committed INR 4.6 billion in long-term financing to IndiGrid through a subscription to listed non-convertible debentures.

Imad N Fakhoury | July 04, 2025 | By Mrinmoy Dey | 1542

IFC to Invest USD 400 Million in Bajaj Finance to Boost Climate Finance

The International Finance Corporation’s USD 400 million investment in Bajaj Finance aims to expand climate finance for EVs and energy-efficient goods, contributing to India’s net-zero goals and promoting financial inclusion through increased access to green financing.

Imad N Fakhoury | November 07, 2024 | By EI News Network | 2556