UK's BII Exceeds $1 Billion Climate Investment in India, Boosts EV Sector

• British International Investment (BII) surpassed its USD 1 billion climate finance commitment for India, investing USD 1.1 billion during its 2022-2026 strategy period.
• The investment supports India's net-zero emissions goal by 2070, focusing on clean energy, electric mobility, sustainable agriculture, and climate-resilient infrastructure.
• BII announced a new Rs 430 million investment in Turno, an Indian EV battery infrastructure company, to launch ElectricGo and finance 34 intercity electric buses.
• Other key investments include GreenCell Mobility's 570 electric buses for Delhi, EnerGrid's 360 MWh Battery Energy Storage System, and agri-tech advancements by Fasal and Grow Indigo.
• Climate projects now account for over 40% of BII's annual commitments across Asia and Africa, with its renewable energy portfolio avoiding 1.5 million tonnes of CO₂ emissions in 2023.