Private equity firm Creador has signed a definitive agreement to invest USD 50 million in Hinduja Tech, for a 19.6% stake in the Ashok Leyland subsidiary, subject to completion of customary closing conditions.
This investment places Hinduja Tech at a post-money equity value of USD 255 million.
The infusion of capital will allow Hinduja Tech to augment its existing capabilities in research and development through organic and inorganic means, enhance its global footprint and expand its state of the art labs to gain momentum in its journey towards emerging as a global leader in sustainable engineering mobility services.
Hinduja Tech has been making significant strides in the mobility industry, by expanding its capabilities and partnerships to drive innovation and growth. The
company has also collaborated with numerous players in mobility space, to support their development and production efforts across various segments, from traditional buses and sports cars to electric and autonomous vehicles.
Talking about the investment by Creador, Kumar Prabhas, CEO of Hinduja Tech Limited said, "Hinduja Tech has developed tremendous domain expertise over the last 10 years with a number of Global OEMs as its customers. Creador's investment will allow Hinduja Tech to accelerate its global growth plans."