TI Clean Mobility to Procure INR 600 Crore from Investors
TICMPL has already planned its passenger electric 3-wheeler and has commenced deliveries to dealerships throughout south India.
May 08, 2023. By EI News Network
Multiples and other co-investors will be outlaying an estimated amount of INR 600 crore, whereas TII will outlay INR 75 crore.
With the commission of definitive agreements for the amount of INR 675 crore, the capital infusion plan for INR 1,950 crore has been accumulated.
TICMPL has already planned its passenger electric 3-wheeler and has commenced deliveries to dealerships throughout south India.
TICMPL’s subsidiaries are structuring and developing electric tractors and electric heavy commercial vehicles and are in the process of establishing manufacturing facilities in Tamil Nadu and Haryana.
TI Clean Mobility Private Limited’s main work includes manufacturing and marketing Electric Three Wheelers and through its subsidiaries into Electric Tractors and Electric Heavy Commercial Vehicles.
The company is a wholly-owned subsidiary of Tube Investments of India (TII).
The company commenced its operations on 12th February 2022.
please contact: contact@energetica-india.net.
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