Suman Mishra's Mission to Electrify the SCV Market

Suman Mishra, the managing director and CEO of Mahindra Last Mile Mobility Ltd, found herself navigating the precarious world of fundraising in late 2022, a course of action that would turn out to be a test of her resilience and resolve. Tasked with securing the company’s first round of external capital, Mishra stepped into uncharted territory, facing the skepticism that often shadows ambitious players in India’s fledgling electric mobility sector.

The company’s operations at the time were modest, its potential intriguing, but largely unproven. “No one will invest,” she remembers being told—a refrain tinged with doubt and dismissal. However, Mishra ...