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Indian electric “Smart Scooter” maker raises prototype funding

Climate Finance Indian electric “Smart Scooter” maker has raised prototype funding. Twenty Two Motors, launched last August to develop an affordable electric vehicle for the Indian masses, has raised $1.6 million to prototype its electric “Smart Scooter.” The early-stage financing came from Ishwar Singh, CEO of Haryana Industries, an auto-parts maker, and former Harley-Davidson executive

And then there were 73…Echoing Green finalists

Take a peek at the list of 73 finalists for 2017 Echoing Green fellowships, and takeaways from a review of all 2,879 applicants, 44 percent of them women. One trend: a heightened focus on civil and human rights, especially for refugees and immigrants. Winners will be announced in June. This post originally appeared in ImpactAlpha’s daily

Bono said what? The Brief Quiz No. 10

This week, an aircraft carrier dramatically changed course and a man was dragged out of a plane. We’re focused on improving our Impact IQ. Are you? Take the Brief Quiz No. 10. Get ImpactAlpha’s daily newsletter, The Brief. 1. ImpactAlpha launched a new feature profiling folks that matter in impact investing. What’s it called? a. Super Saviors.

There is evidence about the results of social programs — and we need more

“There’s no demonstrable evidence they’re actually helping results,” President Trump’s budget director, Mick Mulvaney said in proposing budget cuts to afterschool programs and Meals on Wheels. In fact, there’s ample evidence of the results of those programs and many others, argue Nonprofit Finance Fund’s Antony Bugg-Levine and Independent Sector’s Dan Cardinali. In Los Angeles, supportive housing

Black lives matter in investing (and divesting)

The economic platform of the Movement for Black Lives includes demands for progressive tax policy, job creation, environmental restoration and the reallocation of federal, state and local budgets from incarceration to education, employment and restorative justice. The broad set of principles reimagines black communities’ relationship with land and economic development and argues for systemic policy

INSEAD team pitches online medical education venture to win MIINT competition

Many social-impact contests reward student entrepreneurs. But last weekend’s MIINT (for MBA Impact Investing Network & Training) competition may be the only one that selects students for their abilities as investors. The finals at Wharton in Philadelphia capped a six-month lab that helps MBA students “think like an impact investor” by having them identify, diligence

Generate Capital launches $250 million financing facility for solar+storage projects

Climate Finance Generate Capital has launched a $250 million financing facility for solar+storage projects. The advent of cost-effective batteries for electricity storage is making the numbers work for an increasing number of commercial and industrial solar installations (see “Energy storage takes shape with financing for Southern California battery installations”). Also helpful: rebates for such projects