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CLIMAFIX Summit 2022
C3 Updates

IFC invests 600cr in M&M's electric last mile mobility subsidiary Newco

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Mahindra & Mahindra is setting up a new subsidiary NewCo for last mile electric mobility in which IFC will be investing 600 crore. Newco will house the last mile mobility division and with IFC's financing, electric mobility in last mile connectivity will be scaled up. 

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Date

2023-03-23

Category

Low Carbon Mobility