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Gentari Green Mobility’s CEO on VaaS model and why it won’t pursue M&As in India for now

VCCircle

VCCircle · 2m ago

Gentari Green Mobility’s CEO on VaaS model and why it won’t pursue M&As in India for now

Gentari Green Mobility, part of Malaysian oil giant Petronas, is capitalizing on India's burgeoning electric vehicle (EV) market, which saw a 27% sales increase, reaching 1.95 million units in 2024. CEO Nikhil Thomas detailed that Gentari is leveraging the Vehicle-as-a-Service (VaaS) model to expand, providing comprehensive EV solutions. However, the company currently plans to avoid mergers and acquisitions in India, focusing instead on organic growth to solidify its market presence.

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Gentari to supply green power to AM Green Ammonia | Company Business News

Livemint

Livemint · 8m ago

Gentari to supply green power to AM Green Ammonia | Company Business News

Renewable energy company Gentari will provide 650 MW of round-the-clock green power to AM Green Ammonia India. The power purchase agreement will enable Gentari to deliver carbon-free energy to AM Green Ammonia's upcoming green ammonia facilities. The project will include 2,400 MWp of renewable energy capacity from solar and wind projects, as well as 350 MW/2,100 MWh of energy storage. Gentari aims to expand India's renewable energy capacity and contribute to the green electron-to-molecule chain. The agreement aligns with the Renewable Fuels of Non-Biological Origin framework and supports AM Green Ammonia's goal of becoming one of the world's largest green ammonia platforms.

Gentari plans to offload up to 50% stake in India arm

Economic Times

Economic Times · 2m ago

Gentari plans to offload up to 50% stake in India arm

Gentari, Petronas' renewable energy wing, plans to sell up to a 50% stake in its Indian operations, potentially marking a significant green energy transaction in India. Standard Chartered Bank is advising the sale. Gentari India has 4 GW of operational assets, 4 GW under construction, and a further 4 GW in the pipeline. Despite waning interest in green energy globally and fluctuating valuations, Gentari is keen to sell a minority stake and is open to sharing control.

Brookfield to sell 1.6GW India renewable energy assets to Gentari

VCCircle

VCCircle · 5m ago

Brookfield to sell 1.6GW India renewable energy assets to Gentari

Brookfield Asset Management has agreed to sell its 1.6GW solar and wind assets in India to Malaysian firm Gentari. The transaction, valued at $830-920 million, occurs in two phases, with the first 1GW operating assets phase completed. This sale aligns with Brookfield's strategy to monetize parts of its portfolio to create value for stakeholders. Gentari, backed by Petronas, continues expanding in India's green energy sector through acquisitions and partnerships, indicating robust investor confidence.

Amazon India partners with Gentari for 10,000 EV fleet by 2025

YourStory

YourStory · 1y ago

Amazon India partners with Gentari for 10,000 EV fleet by 2025

Amazon India has announced a strategic partnership with Gentari, an electric mobility company, to deploy 10,000 electric vehicles (EVs) for its last-mile deliveries by 2025. Under this collaboration, Gentari Green Mobility Business will procure and deploy the EVs while providing fleet management services to ensure smooth operation and maintenance. The partnership aims to provide Amazon's Delivery Service Providers with more access to electric three-wheelers for deliveries. Currently, Amazon has already deployed over 7,200 EVs in India and plans to continue its expansion towards achieving its 10,000 EV goal.

If I’m a graduate from India, I might not come to US: Adobe CEO

Inshorts · 1y ago

If I’m a graduate from India, I might not come to US: Adobe CEO

In a podcast with Nicolai Tangen, Adobe CEO Shantanu Narayen highlighted a significant shift: most Indian graduates now prefer to pursue postgraduate studies in India due to abundant opportunities. He noted that only about 5% of graduates from Indian institutions are heading abroad. Narayen said if he was a graduate from India now, he might have chosen to stay there.

Sydney-headquartered Atlassian will pursue M&A as a growth model: CEO

Economic Times

Economic Times · 1y ago

Sydney-headquartered Atlassian will pursue M&A as a growth model: CEO

Australian software company Atlassian is looking to pursue mergers and acquisitions (M&A) as a growth strategy, according to CEO Mike Cannon-Brookes. The company, known for its team collaboration software such as Jira and Trello, has a history of acquiring companies and has grown its product portfolio through both internal development and acquisitions. Atlassian has a strong presence in India, which is its fastest-growing market. The company also plans to build its Rovo enterprise search platform in India and has a significant number of employees based outside of its Bengaluru office.

Market was like 'Oh my gosh, AI is finished': Huang on DeepSeek

Inshorts · 6m ago

Market was like 'Oh my gosh, AI is finished': Huang on DeepSeek

NVIDIA CEO Jensen Huang said markets misinterpreted the impact of Chinese startup DeepSeek's RI AI model on the chipmaker's business. "Market responded to R1, as in, 'Oh my gosh. AI is finished'," Huang said. Markets thought computing wasn't needed anymore but it's "complete opposite", he stated. NVIDIA's m-cap fell by $600 billion after DeepSeek's launch of its model.

Can bring in a hybrid in a ’reasonable’ time frame if market demands: M&M’s Anish Shah | Mint

Livemint

Livemint · 1y ago

Can bring in a hybrid in a ’reasonable’ time frame if market demands: M&M’s Anish Shah | Mint

Mahindra & Mahindra (M&M) is confident in its ability to bring a hybrid SUV to market in a reasonable timeframe and expects a strong demand for its upcoming electric vehicle range. The company's CEO, Anish Shah, stated that M&M can meet consumer demand for hybrids or other powertrains if needed. Shah's comments come amid a renewed interest in hybrid vehicles in India following a government directive on road-tax waiver. M&M reported a 20% YoY increase in operational profit for Q1, with market share gains and strong volume growth in its SUV, light commercial vehicle, and tractor segments.

I-banker Mahesh Singhi on M&A trends and why current valuations may not sustain

VCCircle

VCCircle · 5m ago

I-banker Mahesh Singhi on M&A trends and why current valuations may not sustain

Veteran investment banker Mahesh Singhi, founder of Singhi Advisors, has over 36 years of experience in advising companies on mergers and acquisitions (M&A) in India. He discusses the evolution of M&A activity in the country and comments on current market valuations. Singhi suggests that while the market has matured over the years, the current valuations might not be sustainable, indicating a shift or correction in the future market trends.

US-based Ohmium International to invest Rs 400 Cr in Tamil Nadu

YourStory

YourStory · 11m ago

US-based Ohmium International to invest Rs 400 Cr in Tamil Nadu

US-based Ohmium International, Inc. has invested Rs 400 crore in Tamil Nadu to establish a manufacturing facility in the state, creating 500 jobs. The Memorandum of Understanding was signed between Ohmium and the state government, with Chief Minister M K Stalin expressing enthusiasm for nurturing a green energy production ecosystem. Ohmium International specializes in designing and manufacturing modular, scalable Proton Exchange Membrane electrolyzers for cost-competitive green hydrogen production. The company has manufacturing facilities in India and raised USD 250 million in financing in 2023.

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