Follow us
Tube Investments of India, TI Clean Mobility get Rs 160 crore funding from GEF
With the proposed investment, TICMPL has completed tying up the targeted fund raise of Rs 3000 crore. from Tll and other investors, it said in a stock exchange filing.
By Autocar Professional Bureau
3057 Views
Tube Investments of India and its subsidiary TI Clean Mobility, have entered into a Rs 160 crore agreement with South Asia Growth Invest III LLC and South Asia EBT Trust III (collectively known as GEF).
With the proposed investment, TICMPL has completed tying up the targeted fund raise of Rs 3000 crore. from Tll and other investors, it said in a stock exchange filing.
The proposed fund raising by TICMPL will help scale up the operations of TICMPL and its subsidiaries.
The closing of the transaction/investment is subject to satisfactory completion of the Conditions Precedents as contained in the agreements executed between the parties.
RELATED ARTICLES
CAFE III Eases Small-Car Burden Through Flatter Target Curve
Darshan Nakhwa
30 Sep 2026
Final norms drop the earlier 3g/km concession for sub-909kg cars but give lighter vehicles relatively softer targets, ju...
e-SPRINTO to Launch Consumer Electric Scooter in October
Angitha Suresh
30 Sep 2026
e-SPRINTO, which has so far served business customers, plans to launch a consumer electric scooter in October with a cla...
Simple Energy Raises ₹1,750 Crore in Series C Funding
Angitha Suresh
30 Sep 2026
The Bengaluru-based electric two-wheeler maker will use the equity funding for a new factory, higher production, hiring,...
