Most countries fall behind on climate targets as progress slows in 2025
An analysis by E&E News and PoliticoPro reveals that most countries are failing to meet their climate targets, with progress stalling due to political pushback, economic headwinds, and slow adoption of clean technologies.
While a few nations have made notable gains, the majority are off track to meet their 2030 emission reduction goals. Experts warn that without accelerated action and stronger policies, global efforts to limit warming to 1.5°C are increasingly at risk.
ArcelorMittal cancels green steel projects in Germany due to high energy costs
ArcelorMittal, the world’s second-largest steelmaker, has abandoned plans to convert two German plants to carbon-neutral production, citing prohibitively high energy costs and uncertainty over Germany’s future energy mix.
The company turned down €1.3 billion in subsidies, opting instead to invest in countries with more competitive electricity prices, like France. This decision is a major setback for Germany’s green hydrogen strategy and highlights the broader challenges facing Europe’s steel industry amid weak demand and rising imports.
Oben Electric secures Rs. 100 crore in Series A funding for FY26 expansion
In some EV startup funding news in India, Oben Electric has raised Rs. 100 crore in Series A funding to accelerate growth this financial year. The money will support product development, expand manufacturing capabilities, and enhance distribution networks.
The company aims to strengthen its position in the competitive electric vehicle market with new models and expanded operations.
Okinawa Autotech receives Rs. 60 crore investment from Dhruv Khush Business Ventures
Okinawa Autotech has secured Rs. 60 crore in funding from Dhruv Khush Business Ventures. The money will boost research and development, expand production capacity, and support the launch of new electric two-wheeler models.
Bajaj launches Chetak 3001 e-scooter at Rs. 99,990
Bajaj Auto has unveiled the Chetak 3001, an electric scooter priced at Rs. 99,990. The launch aims to attract urban commuters seeking affordable and eco-friendly transportation. The Chetak 3001 features modern design elements, advanced battery technology, and connectivity features.
Ather to double retail network to 700 centres in FY26
Ather Energy plans to double its retail footprint to 700 centres across India this fiscal year. The expansion is part of the company’s strategy to increase accessibility and cater to the rising demand for electric scooters.
By strengthening its distribution network, Ather aims to enhance customer experience, provide better after-sales support, and solidify its leadership in the premium electric two-wheeler segment, capitalizing on the growing shift towards clean mobility.
Ultraviolette expands globally, launches F77 in ten EU countries
Ultraviolette Automotive, a performance electric bike maker, has announced its global expansion by launching its F77 electric motorcycle in ten countries in the EU. This move marks the company’s entry into international markets, showcasing Indian innovation on a global stage.
The F77, known for its high performance and advanced features, is expected to appeal to the EU’s environmentally conscious consumers seeking cutting-edge electric mobility solutions.
Attero to invest Rs. 100 crore to scale rare earth recycling capacity
Attero, an e-waste recycler, will invest ₹100 crore to expand its rare earth element recycling capacity from 300 to 30,000 tonnes annually over the next two years. This move supports India’s National Critical Mineral Mission and aims to reduce dependence on Chinese imports, especially after China’s recent export restrictions.
Attero will extract minerals such as neodymium, praseodymium, and dysprosium — vital for EVs, wind energy, and electronics — with over 98 percent efficiency and 99.9 percent purity.
Integrum Energy Infrastructure Limited receives in-principle BSE approval for IPO
Integrum Energy Infrastructure Limited has received in-principle approval from the Bombay Stock Exchange (BSE) to launch its Initial Public Offering (IPO).
The approval paves the way for the company to raise capital from public investors, which will be used to fund expansion projects and strengthen its infrastructure portfolio. The IPO is expected to enhance Integrum Energy’s financial flexibility and support its growth ambitions in the rapidly evolving energy sector.
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