Industry Newsroom

ADB Ventures Makes Debut Investments in India’s Euler Motors and Smart Joules

ADB Ventures, the impact venture arm of the Asian Development Bank, has participated in a USD9.4m Series A for India-based EV manufacturer and fleet operator Euler Motors along with Blume Ventures and Inventus Venture Partners; it also joined a USD4.1m Series A for India-based energy efficiency-as-a-service company Smart Joules along with Sangam Ventures, Max I. Limited and angel investors. Read more