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Project Detail:
The transaction involves the administration by the Asian Development Bank (ADB) of an equity investment of up to $6,000,000with an initial investment of up to $1,000,000in Electrifi Mobility Private Limited (Electrifi), a company headquartered in India. The investment is to be provided by the ADB Ventures Investment Fund 1 under the ADB Ventures Financing Partnership Facility. The balance of the approved amount may be invested as equity or quasi-equity in subsequent fundraising rounds that Electrifi is expected to undertake. Consistent with the established fund documents, ADB will not invest its own capital alongside the fund.
Note: Please Download Project Document attached to this Project for more information.
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