EESL plans e-marketplace, seeks global, local investors

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equity funds put in money, debt funds also put in their money. Once you aggregate, you have funds, you have a pipeline." The platform would enable standardized mechanisms and contracts for entity and project appraisals, he said. Initially, the marketplace will cater to products and then it will also look at energy efficiency projects for small businesses, and so on.

Kapoor said EESL is holding talks with financial institutions to bring such entities on board and ensure the company plays a major role in India’s net-zero target both for the demand and consumption side. “So, to enable for net zero on demand side there’s no one as big as us as of now. In terms of products and services we are looking at bringing in our own investments, as well as channelizing private investments." To implement the idea EESL is sext to launch the e-marketplace by the end of FY24.

Going forward, the company would also focus on e-mobility and foray into EV-as-a-service and EV-charging-as-a-service. Under its e-mobility, the company is eyeing to electrify the country’s taxi fleets, wherein it would come up with bids for taxi operators and help them move towards EVs. “So those people (traditional taxi operators) I mean, for them to enter into the market, we need some instrument that this is what that instrument is.

We will create a bid so that we will say that you get your cars. We will front-end the deployment, you are on the backend. We aggregate demand, do a large scale bid, give you a business.