GEF Invests ₹5.8 Billion in TI Clean Mobility to Develop EV Verticals
TI Clean Mobility had earlier announced plans to raise ₹30 billion
May 8, 2024
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
Save
TI Clean Mobility (TICMPL), a wholly-owned subsidiary of Tube Investments of India, a Murugappa Group company, has raised ₹5.8 billion (~$69.5 million) in equity and convertible preference shares from South Asia Growth Invest III LLC and South Asia EBT Trust III (collectively GEF Capital Partners).
