Mahindra Electric Automobile Limited

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.

Key facts

Name:

Mahindra Electric Automobile Limited

Sector:

Energy

Region:

Asia

Country:

India

Currency:

USD

Finnfund's financing (commitment):

10,000,000

Signing date (month/year):

January 2025

Last update:

April 2025