Climate continues to be central to BII’s mandate, with more than 40 per cent of its annual commitments across Asia and Africa now directed toward climate-related investments.British International Investment (BII) has exceeded its $1 billion climate finance commitment in India for the 2022 to 2026 strategy period and announced a fresh ₹43 crore investment in EV battery infrastructure company Turno.
The UK’s development finance institution said it has now deployed $1.1 billion towards climate initiatives in India.
The latest funding into Turno will support the launch of ElectricGo, the company’s new e-bus business unit, and enable financing of 34 intercity electric buses across India.
“India is central to BII’s climate investment strategy. Reaching $1.1 billion in climate investments reflects both the scale of India’s opportunity and BII’s long‑term commitment to supporting its transition,” said Shilpa Kumar, managing director and head of India at BII.
Among recent milestones for portfolio companies, GreenCell Mobility is planning to deploy 570 electric buses in Delhi, while EnerGrid has commissioned India’s first standalone utility-scale battery energy storage system with 360 MWh capacity.
Climate continues to be central to BII’s mandate, with more than 40 per cent of its annual commitments across Asia and Africa now directed toward climate-related investments.
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