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.
2972 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
River Mobility Raises $120 Million in Series C Round
Angitha Suresh
05 Aug 2026
The Bengaluru-based electric two-wheeler maker secured funding from a mix of Indian institutional investors and existing...
Operational Scaling Nears Profitability for Motherson Wiring’s New Plants
Autocar Professional Bureau
05 Aug 2026
Newly operational sites hit critical revenue benchmarks, offsetting temporary margin compression from rising input costs...
Epsilon Carbon Reports 10% Reduction in Upstream Logistics Emissions in FY2026
Autocar Professional Bureau
05 Aug 2026
The company says its electric and LNG-powered freight fleet reduced upstream transport CO₂e emissions by 10% in FY2026, ...
