TI Clean Mobility to Raise ₹30 Billion to Fuel its EV Platform

The funding will facilitate the expansion of its operations

February 28, 2023

/ Arjun Joshi
/ Electric Vehicles, Finance and M&A
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Electric three-wheeler manufacturer TI Clean Mobility (TICMPL) signed definitive agreements with Tube Investments of India (TII), Multiples Private Equity Fund III, State Bank of India (SBI), and other co-investors to raise ₹19.5 billion (~$235.7 million) in equity and compulsorily convertible preference shares (CCPS).

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Arjun Joshi

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