CLIMATE TECH STARTUPS US HEAT WAVE
Ecommerce space heats up; and other top tech, startup stories this week
Welcome to another edition of ETtech Unwrapped – our weekend newsletter. It has been a packed week for ecommerce and quick commerce news. The previous weekend began with Zepto scooping up $665 million in funding, at more than double its last valuation in 2023, which is a pivotal moment for the sector.
Nearly 5 billion people endured extreme heat in June; 619 million affected in India: Report
An analysis by Climate Central revealed that nearly five billion people globally, including 619 million in India, faced extreme heat due to climate change over nine days in June. The report highlighted impacts in several countries, with experts warning that carbon pollution must be reduced to prevent future heat-related disasters.
Heat wave scorches US East Coast as dangerous temperatures expand to West
Over 100 million people in the U.S. under heat warnings as dangerous heat dome expands to the West Coast. Baltimore, Philadelphia, Idaho, Montana, and Wyoming facing extreme heat. NWS warns of dangerous conditions with heat indices above 105 F. Climate change driving deadly heat waves globally.
A pivotal event for online commerce; and other top tech, startup stories
Stay tuned to know how the latest capital infusion into Zepto impacts the workings of this fledgling sector.
Tourists keep disappearing in Greece. What to know as death toll from heatwave rises
Deadly heatwaves are scorching cities on four continents, highlighting the severe impacts of climate change. Record-breaking temperatures could make this summer the hottest in 2,000 years, surpassing last year's record.
Is climate change leading to frequent and high intensity heat waves in North America?
A study by a group of scientists have found that climate change caused by anthropogenic factors has caused an increase in the number of high intensity heat waves in North America. This serves as an early warning for all the stakeholders to tackle the issue of increased emissions.
- Go To Page 1
Is Earth really getting too hot for people to survive? A scientist explains extreme heat and the role of climate change
Many countries have seen extremely hot weather lately, but in most of the inhabited world, it's never going to get "too hot for people to live here," especially in relatively dry climates.
Understanding heat domes and what causes them as many regions in the world face extreme heatwave
The US is facing an intense heatwave, with high temperatures impacting several regions. Heat index readings are expected to reach dangerous levels, posing a risk to many. A heat dome forms when a high-pressure system develops in the upper atmosphere, causing the air below to sink and compress
US cities swelter as heat wave breaks decades-old records
US Heatwave: U.S. cities are breaking decades-old temperature records this week as a heat wave stretches from central to eastern portions of the country, the National Weather Service said on Tuesday, in what officials are warning could become a deadly weather event.
India offers USD 500 billion investment opportunities in clean energy, other sectors by 2030
New Delhi India offers huge investment opportunities worth over USD 500 billion, particularly in clean energy value chain including renewables, green hydrogen and EV, by 2030, the commerce ministry said on Thursday. This was stated by Commerce Secretary Sunil Barthwal, who is in Singapore for the two-day meet of the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum.
Heat is costing India dear. How to prevent it from charring our economy
Indian Institute for Human Settlements (IIHS) estimates that failing to address climate change, notably heat, could cost India up to 2.3% of GDP by 2023, and 6.7% by 2050. India can't roll the heat back. But we can prevent it from charring our economy and grilling India's liveability.
Climate tech firm LogicLadder raises $2.5 million in funding from Big Capital, Rainmatter
Sustainability and climate management solutions provider LogicLadder will use the capital to expand in South Asia and North America. The company also expects allocate a maximum of this funding to new product augmentations and capacity expansion, cofounder and CEO Mayank Chauhan told us.
Top startup & tech stories this week
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter. The week was packed with important stories broken by our reporters. Here’s a recap if you missed these stories.
Traders are bracing for a record-smashing summer that will shake up commodities
Prices for some of the world’s most vital commodities — natural gas, power and staple crops like wheat and soy — are climbing.
Climate change and mental health: How extreme heat can have devastating impact on those living with mental illness
Hospital admissions for mental health spike during heat waves, exacerbated by extreme heat. Mental health issues can worsen in hot weather, affecting vulnerable populations like those with schizophrenia.
Climate tech startup Cloover raises $114 million in seed funding
German startup Cloover secured $114 million funding led by Lowercarbon Capital to empower smaller installers in offering comprehensive renewable energy solutions. The funding will support expansion into new markets and technology enhancements.
Investors taking a shine to Indian climate tech space
Over the last 12-15 months, investors such as Blume Ventures, Leo Capital and new entrants like Synapses have been betting on climate tech startups. Even global investors are looking to invest in climate tech companies.
Cruel Summer: Rethinking how to live, work in a world that is getting warmer
As this year’s summer, with its extended heat waves and record temperatures, warns, how to adapt to a warmer world is no longer a hypothetical question. A new study by World Weather Attribution says climate change has made a 30-day heat wave in South Asia 45 times more likely and 0.85o C hotter. Experts say we need to rethink the kind of houses we live in and offices we construct, how we grow our crops and the way we look at the impact of heat on our bodies, even as we tackle reducing the use of fossil fuels.
Lok Sabha elections: Fatal heat waves are testing India's ability to protect 1.4 billion people
Kolkata faces extreme heat and heat waves with inadequate measures to protect residents. Commuters seek refuge in a glass-walled bus shelter with malfunctioning air conditioners. Local authorities' plans to install cooled cabins have not been fully realized. Mayor Firhad Hakim expresses concerns about the city's lack of heat resilience efforts and high death toll.
Coromandel International increases stake in climate-smart tech startup Ecozen
Clocking a turnover of Rs 274 crore in FY23, Ecozen aims to expand its offerings and venture into markets such as Africa and Southeast Asia in the future.
Digit IPO: tempering tech valuations & other top startup stories this week
This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.
Telecom data centres prepare to take the heat of summer months
The persistent heatwave conditions pose increased cooling challenges for telecom data centers, critical components of broadband communications infrastructure responsible for call/data routing and safeguarding essential customer data. Executives from Bharti Airtel's Nxtra Data and Reliance Jio emphasize leveraging renewable energy integration, energy-efficient enhancements, and advanced cooling technologies to manage costs and ensure uninterrupted data center operations.
Climate disruptions, biofuel policy again turn the heat on edible oil
Going by some recent developments around the world, edible oil trade agreements should have a provision for climate-related disruptions also.
Americans are facing threat from invisible danger. What is it?
Extreme heat poses a significant threat, often lurking as an invisible danger that swiftly renders individuals exposed and vulnerable without warning.
New venture capital firm Synapses to invest in climate tech, health tech startups
According to managing partner Ruchira Shukla, the fund will focus on mitigating climate change to building resilience and adaptation. This will include health tech solutions, all falling within the climate tech realm, with a specific focus on STEM.
India’s hot summer creates winners in its pricey stock market
The coming months will also see hundreds of millions of voters attend campaign rallies and head to the polls in a parliamentary election that lasts for weeks starting mid-April. Such increased activity will likely amplify the impact of extreme weather and boost demand for products to tackle heat.
Bengaluru ain't seen nothing yet: Will it turn into a dystopia?
Bengaluru experienced its highest maximum temperature for March in the past five years, reaching 36.4 degrees Celsius on March 29. This temperature marked the fourth highest in the past 15 years and the third highest in the last decade for March. Meteorological experts attribute this intense heat to global warming and the El Nino effect, which leads to the warming of the Pacific Ocean
Amid water crisis in Bengaluru, temperature crosses 40 degree across Karnataka. IMD issues heat alert for next 3 days
Karnataka experiences temperatures surpassing 40°C in Kalaburagi and Bagalkot districts. IMD issues heatwave alert for six districts. Early onset of summer attributed to El Nino. Heatwave criteria met despite slight temperature deviation. North Karnataka districts anticipate severe heat over next three days. South-interior regions, including Bengaluru, also affected. Climate Shift Index maps predict prolonged sweltering conditions.
Climate tech startup Sprih raises $3 million in funding round led by Leo Capital
Sprih raised $3 million for global expansion and aims for 40-50 customers with a revenue target of $6-7 million. Customers include Indigo Paints and Hero MotoCorp. Varaha raised $8.7 million in funding led by RTP Global.
Load More
