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Project Detail:
MEAL E Mobility an Investment through BII India EV LLP.
The transaction (the “Project”) entails an equity investment of USD50 million in a British International Investment (“BII”) managed vehicle, BII India EV LLP which already has an equity stake in Mahindra Electric Automobile Limited (“MEAL”), a subsidiary of Mahindra & Mahindra Limited (“M&M”). MEAL was incorporated in India in 2022 to house M&M’s four-wheeler passenger utility electric vehicle (EV) business. In May 2024, M&M announced an investment of INR12,000 crores in MEAL to fund its EV journey over the next three years.
Note: Please Download Project Document attached to this Project for more information.
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