GEF Invests ₹5.8 Billion in TI Clean Mobility to Develop EV Verticals

TI Clean Mobility had earlier announced plans to raise ₹30 billion

May 8, 2024

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TI Clean Mobility (TICMPL), a wholly-owned subsidiary of Tube Investments of India, a Murugappa Group company, has raised ₹5.8 billion (~$69.5 million) in equity and convertible preference shares from South Asia Growth Invest III LLC and South Asia EBT Trust III (collectively GEF Capital Partners).

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GEF Invests ₹5.8 Billion in TI Clean Mobility to Develop EV Verticals

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