IFC Invests ₹6 Billion in Mahindra’s New Last-Mile Mobility Firm

IFC will be eligible for a stake of 9.97% to 13.64% in the subsidiary

March 23, 2023

/ Gautamee Hazarika
/ Electric Vehicles, Finance and M&A
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The International Finance Corporation IFC, a member of the World Bank Group, has announced an investment of ₹6 billion (~$72.9 million) in a subsidiary of Mahindra & Mahindra to expand the reach of affordable electric three-wheelers and small commercial vehicles.

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Gautamee Hazarika

More articles from Gautamee Hazarika.
Climate ChangeEV manufacturerfossil fuelIFCMahindra & MahindraSustainability
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