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Mahindra Last Mile Mobility Ltd. valued up to INR 6,020 crore by International Finance Corporation, receives 1st tranche of investment
- Mahindra Last Mile Mobility Limited, a subsidiary of Mahindra and Mahindra Limited, commenced commercial operations in September 2023, pursuant to closing of Asset Transfer Agreement and Business Transfer Agreement with M&M.
- International Finance Corporation has completed the first tranche of investment from the total commitment of INR 600 Crore at a valuation of up to INR 6,020 Crore.
IFC to invest INR 600 crores at a valuation of up to INR 6,020 crores in new last mile mobility company to be launched by Mahindra & Mahindra Ltd.
Funding to help electrify India’s Last Mile Mobility and boost penetration of electric three-wheelers, supporting India’s climate goals
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