British International Investments (BII) has fulfilled its 2022 commitment by injecting an additional ₹650 crore into Mahindra Electric Automobile Limited (MEAL) as part of its final investment tranche.
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This funding is part of BII’s broader strategy to support electric vehicle (EV) growth and sustainability initiatives in India. The investment will be made through BII India EV LP, with a group of prominent climate-focused investors joining BII in this venture.
The syndicate of investors includes the Asian Infrastructure Investment Bank (AIIB), OP Finnfund Global Impact Fund I, and Finnfund. Despite the significant funding, the investment does not change the current shareholder structure of MEAL. The shareholders remain Mahindra & Mahindra, Temasek, BII, and BII India EV LLP.
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