MW Solar Secures CAD 50 Mn Investment Commitment from GEM
MW Solar, LLC is pleased to announce that it has signed an agreement with GEM Global Yield LLC SCS, the Luxembourg based private alternative investment group, to provide MW Solar with a share subscription facility of up to CAD 50 million for a 36-month term following a public listing.
December 30, 2021. By News Bureau
The share subscription facility will allow MW Solar to draw down funds by issuing shares of common stock to GEM. MW Solar will control the timing and the maximum size of such drawdowns and has no minimum drawdown obligation.
Randy Wright, Co-Founder stated that “GEM’s commitment provides certainty of capital as we focus toward listing on a national public stock exchange.”
John Maggi, Co-Founder added that “This agreement with GEM greatly positions us for our next stage in development as we grow and expand our entirely green-renewable energy ARC EV ChargingTM network."
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix