India’s leading two-wheeler maker, TVS Motor, is in talks to raise up to 5,000 crore rupees, or $640 million, to fund the expansion of its new electric mobility arm, Mint reported, citing sources with direct knowledge of the discussions.
The mandate to invest in cleaner technologies and the industry’s growing prospects have attracted private equity firms and venture capital firms to electric vehicle startups, who raised a record $444 million across 25 deals in 2021, the report added.
- Read the full report: Mint.
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