News

Temasek to invest in Mahindra EV unit at $9.8 billion valuation Singapore investment firm Temasek will take up to a 3% stake in Mahindra and Mahindra's electric vehicle unit at a valuation of up to $9.8 billion, the Indian automaker said on Thursday. Temasek will invest 12 billion rupees ($145.02 million) as compulsorily convertible preference shares, giving the investor a 1.49%-2.97% stake in Mahindra Electric Automobile Ltd, the automaker said in a regulatory filing. With Temasek, the automaker has brought onboard a "marquee investor"...
Temasek to invest in Mahindra EV unit at $9.8 billion valuation
Temasek to invest in Mahindra EV unit at $9.8 billion valuation
Source: Reuters
3/08/2023 1:50:03 PM
Homegrown Electric-vehicle mobility solutions provider Magenta Mobility raises $40 mn Homegrown EV charging and mobility solutions company Magenta Mobility has raised $40 million in its Series B funding in a mix of equity and debt, the media reported. Backed by Microsoft's global startup programme, the company closed $20 million in equity funding led by two global marquee investors, reports DealStreetAsia. The company raised $20 million in debt in the same round. Magenta is aiming to expand its geographical presence in cities including Hyderabad, Chennai, Delhi and C...
Homegrown Electric-vehicle mobility solutions provider Magenta Mobility raises $40 mn
Homegrown Electric-vehicle mobility solutions provider Magenta Mobility raises $40 mn
Source: IANS
13/02/2023 4:16:25 PM
Job opportunities in EV sector growing, women climbing to the top The Indian electric vehicle (EV) sector is witnessing a 108 per cent employment growth over the last two years and Bengaluru leads in the talent location, finds a survey. As per the survey done by the recruitment and staffing company CIEL HR Services, metro cities are witnessing large participation in the EV segment. And Bengaluru is the hottest location for EV talent with 62 per cent of job postings in this region, followed by 12 per cent in Delhi, nine per cent in Pune, six per cent i...
Job opportunities in EV sector growing, women climbing to the top
Job opportunities in EV sector growing, women climbing to the top
Source: IANS
9/07/2022 3:11:44 PM
M&M rises as its arm launches new electric 3-wheeler ‘e Alfa Cargo’ Mahindra & Mahindra is currently trading at Rs. 857.85, up by 3.85 points or 0.45% from its previous closing of Rs. 854.00 on the BSE. The scrip opened at Rs. 851.00 and has touched a high and low of Rs. 858.60 and Rs. 841.05 respectively. So far 32104 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 978.90 on 17-Nov-2021 and a 52 week low of Rs. 725.00 on 28-Jul-2021. Last one week high and low of the scrip ...
M&M rises as its arm launches new electric 3-wheeler ‘e Alfa Cargo’
M&M rises as its arm launches new electric 3-wheeler ‘e Alfa Cargo’
Source: Accord Fintech
27/01/2022 3:09:49 PM