Capital A launches Rs 750million fund to boost EV ecosystem In India

Capital A has launcheda cleantech fund, Evolve, of about Rs750million that will be utilised for funding electric vehicles (EVs) and related ecosystem like battery charging start-ups.

The company has launched the fund after having developed an active thesis and forging industry partnerships that enabled it to gain deep insights into the Indian EV market.The company is now looking at tie-ups with academic institutions focusing on the EV sector and encourage entrepreneurship in the domain.