PROJECT

Projects

Summary of Collaboration or Co-Development Project

Project Number

608413

Sponsor

Elements Financial Solutions Private Limited,Elements Renewable Energy Private Limited,Transvolt Mobility Pvt Ltd

Date SCCP Disclosed

Jun 21, 2024

Country

India

Region

South Asia

Last Updated Date

Jun 25, 2024

Industry

Infrastructure

Sector

B-C - Nonmetallic Mineral Mining and Quarrying

Department

Regional Industry - INF Asia & Pac

Project Description

IFC has signed a Collaboration Letter Agreement (CLA) with TransVolt to support the company with bankability guidance related to techno-commercial evaluation of Electric Vehicles (EVs) in India. IFC’s support and expertise will play a crucial role in enabling TransVolt's contribution towards the development of quality EV-centric solutions, particularly in the bus and truck segments in India.

E & S Information

Collaborate in the review of E&S Due Diligence of the project commissioned by TransVolt to a third- party consultancy firm, to identify gaps with IFC Performance Standards and suggest ways to bridge them.