In brief
The investment will support the transition to cleaner and cheaper travel alternatives by accelerating the availability and adoption of electric vehicles (EVs) in India.
Main development impact
Avoiding CO2 emissions and other tail end pipe emissions of personal vehicles (health benefits). In addition, to increase the volume of female employees.Investment details
| Name: | Mahindra Electric Automobile Limited |
|---|---|
| Project number: | 80000487 |
| Region: | Asia |
| Country: | India |
| Sector: | Energy |
| Signing date (month/year): | January 2025 |
| Currency: | USD |
| Finnfund's financing (commitment): | 10,000,000 |
| Instrument: | Equity |
| Jurisdiction of registration: | United Kingdom |
| Channeled financing (name of company): | BII India EV LLP |
| Share of Finnfund's financing (%): | 0.50 % |
| Status: | Active |
Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.
