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Reliance Industries to invest Rs 375 crore in Bill Gates’ Breakthrough Energy Ventures

Reliance Industries Limited will invest $5 million (about Rs 375 crore) in Breakthrough Energy Ventures (BEV), a clean energy venture of Bill Gates. With this move, the head of Reliance Mukesh Ambani will join investors like Jeff Bezos, Michael Bloomberg, Jack Ma and Masayoshi Son. This investment will be made in several tranches in the next 8 to 10 years. Bill Gates’ BEV seeks solutions to the climate crisis by investing in the development of breakhtrough energy and agricultural technologies. BEV invests the collected funds to support innovation in clean energy solutions.

Read more: Economic Times | Livemint | Business Standard

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Avantika Yadav
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