Northern Arc secures $65M debt commitment for maiden climate fund

Quick Summary:

The fund aims to finance growth stage companies in solar energy, sustainable agriculture, e-mobility and circular economy.

It is backed by investors such as Sumitomo Mitsui Banking Corporation, LeapFrog, and 360 ONE, among others.

The fund aims to raise a target corpus of Rs 1,500 crore, including a greenshoe option of Rs 500 crore.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: IndiaAustriaUnited States

Topics: Privacy Agriculture Aims Fund Northern Debt Policy Sustainable Million Climate Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 11:21:46 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 242 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23460833

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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News Last Updated: 9 hours ago

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