British International Investment (BII), the UK’s development finance institution and impact investor, has exceeded its $1 billion climate finance commitment under its 2022–2026 strategy, announcing that it has now invested $1.1 billion in climate-related projects across India.
The announcement highlights growing momentum behind BII’s efforts to scale climate solutions and support India’s transition to a low-carbon economy. India remains central to BII’s climate strategy, with investments spanning clean energy, mobility, agriculture and climate-resilient infrastructure.
Alongside the milestone, BII confirmed a further INR 430 million investment in Turno, an Indian EV battery infrastructure company that uses lifecycle intelligence and second-life battery deployment to improve the economics of large-scale electric vehicle financing. The funding will support the launch of ElectricGo, Turno’s new e-bus business unit, enabling the financing of 34 intercity electric buses across the country. The latest capital injection builds on BII’s initial investment in 2024 and reinforces its backing of India’s fast-evolving electric mobility ecosystem.
Shilpa Kumar, Managing Director and Head of India at BII, said India represents a significant opportunity for climate investment and reiterated the institution’s long-term commitment to supporting the country’s transition. She noted that partnerships across clean mobility, smart metering and agri-technology illustrate how climate finance can strengthen economic resilience, foster innovation and promote inclusive growth.
India has set a target of achieving net-zero emissions by 2070, and BII’s growing climate portfolio is aligned with this ambition. Among recent developments, GreenCell Mobility is planning to deploy 570 electric buses in Delhi to expand zero-emission public transport. EnerGrid, backed by a $110 million commitment from BII, has commissioned India’s first standalone utility-scale Battery Energy Storage System with a capacity of 360 MWh. In the agriculture sector, Fasal has introduced new precision-automation tools to support farmers across India and South-East Asia.
