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/C O R R E C T I O N from source — Natural Resources Canada/

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In the news release, New Request for Proposals and Tools to Deploy Thousands More EV Chargers Across Canada, issued 02-Jul-2024 by Natural Resources Canada over PR Newswire, we are advised by the company that the whole release has been updated. The complete, corrected release follows:

New Request for Proposals and Tools to Deploy Thousands More EV Chargers Across Canada

OTTAWA, ON, July 2, 2024 /CNW/ – From coast to coast to coast, Canadians are saving thousands of dollars a year on gas by rapidly making the switch to electric vehicles, with over 320,000 new electric vehicles registered in 2023 alone. The Government of Canada is taking action to make it more affordable for Canadians to purchase, charge and drive electric vehicles (EVs) across the country while driving toward a net-zero future, including by making it easier to access public EV charging through historic direct investments, research and partnerships with the private sector and other levels of government.

Funding and Request for Proposals

To advance these efforts, today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, launched a new request for proposals (RFP) under the Zero Emission Vehicle Infrastructure Program (ZEVIP). The RFP will support the deployment of EV chargers, including fast chargers, in public places across Canada such as highways and public lots. The RFP will also support the deployment of chargers at private locations, including multi-unit residential buildings, workplaces and where on-road vehicle fleets are serviced. Applications will be accepted until September 19, 2024.

This funding will deploy thousands of new chargers across Canada, building on the Government of Canada’s progress to deploy 84,500 EV chargers across Canada, including through ZEVIP, the Canada Infrastructure Bank (CIB)’s Charging and Hydrogen Refuelling Infrastructure Initiative, and incentive credits under both the Electric Vehicle Availability Standard and the Clean Fuel Regulations. 

In addition to investments by provinces, territories, municipalities and the private sector, the federal government has supported approximately 20% of the nearly 30,000 public chargers that are operating in Canada. As a result, there were 70 percent more EV chargers in Canada in 2023 than in 2022, with thousands more on the way each year.

Supporting Deployment Through Tools and Research

Today, Natural Resources Canada released  Electric Vehicle Charging Infrastructure for Canada: Updated forecasts of vehicle charging needs, grid impacts and cost for all vehicle segments (2024 EV Charging Needs Report).The independently produced report assesses the country’s charging landscape, guides decision-making and informs investment needs, including by provinces, territories, municipal governments and the private sector.

The 2024 EV Charging Needs Report provides a detailed regional analysis of public and private charging needs for both light-duty vehicles and medium- and heavy-duty vehicles, together with related grid readiness requirements and investments. The report highlights that a coordinated effort is needed from all levels of government, industry, utilities and other private-sector stakeholders to continue to accelerate deployment.

Additionally, to help investors, stakeholders, provinces, territories and communities determine the most suitable locations for chargers, the Government of Canada has developed the National Public EV Charging Planning Map.

These evidence-based tools will support the deployment of chargers in the areas with the greatest public charging need, including along routes, highways and communities.

Canadians are making the switch to electric vehicles, reducing their energy costs while driving down emissions. The Government of Canada will continue to support them in accelerating toward a prosperous, net-zero future, including by ensuring all new passenger vehicles sold in Canada are zero-emission by 2035; by supporting the deployment of public charging stations across the country; and by building out a Canadian-made electric vehicle supply chain that creates sustainable, good-paying jobs for Canadian workers.

Quotes

“Canadians are making the switch to EVs because it’s a great way to save money while ensuring clean air in our communities and fighting climate change. We’re making electric vehicles more affordable and charging more available where Canadians live, work, travel and play. Today, we launched another funding request for proposals via the Zero Emission Vehicle Infrastructure Program, which will help deploy thousands more chargers across Canada. This will put more Canadians in the driver’s seat on the road to a prosperous net-zero future.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“Hundreds of thousands of Canadians are making the switch to an EV every year. They expect access to convenient, affordable and reliable charging — including in public spaces. Today’s call for proposals does that by investing in thousands more chargers and equipping the private sector and governments with the tools they need to deploy more chargers, faster.”

Julie Dabrusin
Parliamentary Secretary to the Minister of Energy and Natural Resources and
to the Minister of Environment and Climate Change

Quick Facts

The federal government’s investment in EV charging infrastructure is supporting Canadians by reducing barriers to EV adoption while spurring investment and growth across Canada’s EV supply chain, including through Transport Canada’s Incentives for Zero-Emission Vehicles Program (iZEV), which makes zero-emission vehicles more affordable for Canadians and has received another $1.7 billion in Budget 2022; and,Budget 2024 announces the government’s intention to introduce a new 10-percent Electric Vehicle Supply Chain investment tax credit on the cost of buildings used in key segments of the electric vehicle supply chain for businesses that invest in Canada across three supply chain segments:electric vehicle assembly;electric vehicle battery production; and,cathode active material production. The Strategic Innovation Fund (SIF) has made significant strides in the automotive and battery sector in recent years. Since 2017, the Fund has announced over $5.5 billion in funding toward the automotive and battery sector, of which approximately $5.3 billion has been directly in support of the EV transition.These investments include projects focused on producing battery materials, battery components and packs and on manufacturing EVs and developing vehicle components specific to low-carbon transportation (e.g., next-generation tires).Investing $3.8 billion in the mining, processing and recycling of critical minerals,Since 2016, the Government of Canada has allocated over $1.2 billion in funding to support the deployment of electric vehicle charging stations across the country.Since 2019, a total of over 40,000 EV chargers (Level 2 and Level 3) have been supported by ZEVIP.The 2024 EV Charging Needs Report provides an update to a 2022 NRCan-commissioned study, Updated Projections of Canada’s Public Charging Infrastructure Needs, based on changing trends in the EV market, charger utilization and assessment methodologies.As noted in the report, “The results are intended to support the Government of Canada — as well as provincial and municipal governments, utilities and other stakeholders — in planning to ensure that sufficient charging infrastructure will be deployed to support Canada’s targets”As of May 2024, NRCan’s infrastructure programs and the Canadian Infrastructure Bank’s Charging and Hydrogen Refueling Infrastructure Initiative had already committed funds for the installation of over 46,000 chargers across the country, with more than 14,000 of these federally funded chargers already in operation. EV charger deployment has seen significant growth: an average of 45 percent annually since 2016 and a jump to 72-percent growth between 2022 and 2023. With Budget 2023, the Government of Canada has now committed more than $40 billion to support Canada’s clean electricity sector, including related grid updates for EV charging infrastructure.This significant investment is building an EV charging network for Canadians, and we continue to work with all levels of government, industry, utilities and other private sector stakeholders to further accelerate deployment.

Related Information

Zero-Emission Vehicle Infrastructure ProgramThe Canadian Infrastructure Bank (CIB) Charging and Hydrogen Refuelling Infrastructure Initiative (CHRII)2030 Emissions Reduction Plan: Clean Air, Strong EconomyElectric Charging and Alternative Fuelling Stations LocatorZero-emission vehicles: IncentivesBuilding a green economy: Government of Canada to require 100% of car and passenger truck sales be zero-emission by 2035 in Canada

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SOURCE Natural Resources Canada

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IIFL Capital’s Maiden Late-Stage Private Equity Fund Announces First Close at ~ ₹500 Crore

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IIFL Capital’s Late-Stage Private Equity Fund targets a final close in excess of ₹1,000 crore within nine months from First CloseTwo transactions have already been committed with a pipeline of seven to eight deals under evaluation

MUMBAI, India, Oct. 22, 2026 /PRNewswire/ — IIFL Capital Asset Management Limited, the Asset Management arm of IIFL Capital, today announced that the IIFL Late-Stage Private Equity Fund, the maiden fund of its private equity platform, achieved its first close on 15 September 2026 with aggregate capital commitments of ~ ₹500 crore. The Fund invests in scaled-up, profitable Indian enterprises that are preparing to list on the public markets in the near term.

The Fund is targeting a total corpus of ₹1,000 crore, with a greenshoe option of additional ₹1,000 crore. It will remain open for subscription after the first close and aims to reach its final close within the next nine months. A larger corpus allows the Fund to back high-quality companies operating on a scale, in line with its late-stage, pre-IPO strategy.

The Fund is also evaluating a robust pipeline of opportunities, ranging from term sheet negotiations to transactions under diligence. The pipeline is diversified across integrated security-as-a-service, railway and wind energy components, specialty chemicals, defence equipment, IT-enabled services, pre-engineered buildings and consumer technology.

The Fund follows a clear mandate focused on scaled businesses nearing a public listing. The fund looks at sectors that envisage growth rate of 15%-18% per annum. The investee company should be amongst the top three-five players in its category, should have an EBITDA of at least ₹75-100 crore at investment with the intention to pursue IPO within three years. The average deal size is expected to be ₹50-100 crore per transaction.

Commenting on the milestone, Mr. Deepak Mittal, Chief Investment Officer and Head – Private Equity, IIFL Capital Asset Management Limited, said: “The first close marks the point at which this Fund moves from being a proposition to being a portfolio. We are grateful to our investors for their confidence in a volatile global environment. With two high-quality transactions already committed and a live pipeline of seven to eight opportunities, we believe IIFL’s capabilities give us a distinct advantage in backing scaled enterprises on their journey to the public markets.”

The first close comes in the backdrop of India’s primary market revival. After a subdued April-June quarter, July and August 2026 together saw 35 mainboard IPOs, and foreign portfolio investors returned as net buyers, including through IPOs. Real GDP grew 7.8% in Q1 FY27, with gross fixed capital formation up 11.9%, supporting the sectors the Fund is targeting.

About IIFL Capital Asset Management Limited

IIFL Capital Asset Management Limited (formerly IIFL Securities Alternate Asset Management Limited) is the Investment Manager for Alternative Investment Funds sponsored by IIFL Capital Services Limited. It is registered with SEBI as an Alternative Investment Fund manager (IN/AIF3/19-20/0770, IN/AIF2/21-22/088), Investment Adviser (INA000019956) and Portfolio Manager (INP000009445). Registered office: Ground Floor 01, Hubtown Solaris, Saiwadi, N S Phadke Road, Andheri East, Mumbai 400069. Website: assetmanagement.iiflcapital.com

About IIFL Capital Services Ltd

IIFL Capital Services Ltd (formerly known as IIFL Securities Limited) (NSE: IIFLCAPS) (BSE: 542773) is one of the key capital market players in the Indian financial services space. IIFL Capital offers broking services, wealth management, financial products distribution, institutional broking, research and investment banking services.

Disclaimer: This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any units of the IIFL Late-Stage Private Equity Fund or any securities. Investments in alternative investment funds are subject to market and other risks, including loss of capital. Investors should read the Private Placement Memorandum, including the risk factors, before investing. Registration granted by SEBI, enlistment with BSE, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance of securities/instruments is not indicative of their future performance.

 

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Snapmaker Introduces New Filament Bundle, Expanding Its Full Spectrum Printing Ecosystem

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The Snapmaker PLA Full Spectrum Filament Bundle (White Edition) combines pure-white capability, more saturated cyan, magenta, and yellow filaments, and finely tuned light-transmission properties for vibrant, natural-looking color mixes. It expands Snapmaker’s integrated ecosystem of dedicated materials, Snapmaker Orca software, and U1 hardware.

SHENZHEN, China, Oct. 22, 2026 /PRNewswire-PRWeb/ — Snapmaker has introduced the Snapmaker PLA Full Spectrum Filament Bundle (White Edition), expanding the creative possibilities of layered color mixing on Snapmaker U1. The four-spool set combines semi-translucent cyan, magenta, yellow, and white PLA filaments to produce a broader palette, from vivid color mixes and soft pastels to directly printed pure-white details.

“Together with the reformulated color filaments, the addition of white opens up a broader range of visual styles.” — Blayne Sapelli, Creative Marketing Manager at Snapmaker.

Four Filaments, Beyond Four Colors

Full Spectrum color mixing creates additional perceived colors by alternating thin layers of semi-translucent filaments along the Z-axis. As light interacts with these layers, their colors blend visually, allowing a single print to go beyond the four loaded filament colors.

Snapmaker Orca, Snapmaker’s official slicing software, supports this layered color mixing workflow. Together with U1’s multi-toolhead architecture, it provides a practical foundation for exploring more colors with a small set of materials.

Radu “Ratdoux,” creator of Full Spectrum and now part of the Snapmaker team, said: “Full Spectrum changes the way we think about color in consumer FDM printing. Instead of adding more and more individual filament colors, we can use a small set of calibrated materials together with software and multi-toolhead hardware to generate a much broader spectrum. Our goal is to make that process simple enough that users can focus on what they want to create rather than how to engineer the color.”

Filaments Engineered for Brighter Color

White filament brings two distinct benefits: it enables pure-white areas that layered color mixing alone cannot produce, and it brightens mixed colors while reducing saturation for lighter, softer tones. Reformulated cyan, magenta, and yellow filaments offer stronger saturation, helping deliver more vibrant mixes.

The filaments’ color and Transmission Distance properties are tuned to promote natural blending and help reduce visible horizontal stripes. On Snapmaker U1, RFID recognition automatically loads preset filament information, simplifying setup.

These properties give creators more flexibility to combine vivid accents, gentle shades, and white details in character models, collectibles, home décor, and sculptural artwork. The four-spool approach also reduces the need to store separate filament colors for occasional use.

“Adding white is a meaningful step for creators who want lighter palettes and pure-white details within the same four-spool setup,” said Blayne Sapelli, Creative Marketing Manager at Snapmaker, “Together with the reformulated color filaments, it opens up a different range of visual styles. It also reflects how we are building our ecosystem: developing dedicated materials around real creative needs and connecting them with the tools people use to print.”

An Integrated Ecosystem for Color Creation

The Snapmaker PLA Full Spectrum Filament Bundle (White Edition) joins the Snapmaker PLA Full Spectrum Filament Bundle (Gray Edition) and the SnapSpeed PLA CMYK Lithophane Filament Bundle, expanding Snapmaker’s official lineup to three purpose-designed bundles.

The two PLA Full Spectrum bundles are designed for three-dimensional color mixing. The new bundle enables brighter mixes, softer pastels, and pure-white details, while the Gray Edition offers darker, more muted tones. The CMYK Lithophane bundle is optimized for flat, layered-color printing, including colorful backlit lithophanes made from photographs and illustrations.

Built around U1 and Snapmaker Orca, the lineup connects specialized materials with hardware and software support.

Pricing and Product Information

The bundle is priced at US$89 and contains four 1 kg spools, totaling 4 kg. For product details and regional purchasing information, visit the official product page.

About Snapmaker

Snapmaker makes products that empower everyone to change the world — literally. From 3-in-1 desktop fabrication machines to the Snapmaker U1 multicolor, multimaterial, toolchanger 3D printer, to the software that powers it all, Snapmaker is building an ecosystem that democratizes creation. Snapmaker: Make Something Wonderful.

For more information, visit Snapmaker.com.

Media Contact

Hao Jiang, Snapmaker, 86 13588745216, jianghao@snapmaker.com, www.snapmaker.com

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Today, Intelligent Legal Solutions (ILS) and Anduin announced a partnership to provide a more streamlined service for both fund managers and law firms

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PALO ALTO, Calif., Oct. 22, 2026 /PRNewswire/ — Intelligent Legal Solutions (ILS) and Anduin have announced a partnership to create a more connected fundraising experience for private markets fund managers and law firms.

ILS is the legal technology company behind ProVision, a platform for private investment funds lawyers and their clients, while Anduin provides technology for private markets fundraising and investor operations. Through the partnership, the companies will build an integration connecting their platforms to support a more streamlined, end-to-end fundraising process.

Launched in 2024, ILS works with 89% of law firms ranked in the top three bands by Chambers USA for Private Equity: Fund Formation nationwide. Its technology has supported fundraises totaling more than $825 billion across North America, the UK, EMEA and APAC.

Anduin’s platform has supported more than 1,300 private investment funds, onboarded over 76,000 investors and powered more than $265 billion in capital raised. Its customers represent more than $7 trillion in aggregate assets under management.

Fergus Plant, Co-Founder of ILS, said: “We are hugely excited to announce our partnership with Anduin. They are a mainstay of the private markets tech space, and we are proud to collaborate to bring a more complete solution to our customers. Our recent launch of the Fund Manager Portal for ProVision more closely aligns our customers, deepening the benefits of this relationship.”

Eliot Hodges, CEO of Anduin, said: “Fundraising still involves too many handoffs between systems, teams and advisers. By connecting Anduin’s subscription and investor onboarding workflows with ProVision’s side letter, comment memo, MFN and obligation management capabilities, we can help firms carry data more seamlessly through the fundraising process and reduce the operational burden around close.”

Read more at https://anduintransact.com/blog/anduin-partners-with-ils 

Fund managers and law firms interested in learning more can contact:

About Anduin
Anduin is the leading digital platform for managing fund lifecycles and LP relationships. The company has facilitated $118 billion in global capital and supports 48,000+ investors across 890+ funds. Learn more at anduintransact.com.

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SOURCE Anduin Transactions

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