Mahindra Last Mile turns unicorn with ₹322 cr raise
Mahindra Last Mile Mobility has achieved unicorn status after a recent funding round. The company secured approximately ₹322 crore, valuing it at ₹10,822 crore. Global investor Lightrock led this significant funding round for the company. Existing...
By ET Bureau |
Mumbai: Mahindra Last Mile Mobility (MLMML) achieved unicorn status after raising about ₹322 crore in a funding round led by global impact investor Lightrock at a valuation of ₹10,822 crore.
The Mahindra and Mahindra subsidiary manufactures electric, CNG, petrol, diesel three and four-wheeler passenger and cargo vehicles.
The round also saw participation from existing investors International Finance Corporation (IFC) and the India-Japan Fund (IJF), managed by the National Investment and Infrastructure Fund (NIIF), underscoring rising investor appetite for India's rapidly expanding electric commercial vehicle market.
The Mahindra and Mahindra subsidiary manufactures electric, CNG, petrol, diesel three and four-wheeler passenger and cargo vehicles.
The round also saw participation from existing investors International Finance Corporation (IFC) and the India-Japan Fund (IJF), managed by the National Investment and Infrastructure Fund (NIIF), underscoring rising investor appetite for India's rapidly expanding electric commercial vehicle market.
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Mahindra Last Mile raises ₹322 crore at unicorn valuationADVERTISEMENT
