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IFC Announces $20 Million Equity Investment in Transvolt Mobility

Summary by ethicalmarketingnews.com
To enhance access to quality urban transport, scale up electric vehicles (EVs) production and strengthen India’s electric mobility ecosystem, IFC is providing $20 million equity investment to Transvolt Mobility Private Limited (Transvolt), as part of its $50 million financing round. This is IFC’s first equity investment in an EV platform in India and globally. It will enable Transvolt to scale its electric fleet portfolio to 3,500 vehicles and c…
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IFC Announces $20 Million Equity Investment in Transvolt Mobility

To enhance access to quality urban transport, scale up electric vehicles (EVs) production and strengthen India’s electric mobility ecosystem, IFC is providing $20 million equity investment to Transvolt Mobility Private Limited (Transvolt), as part of its $50 million financing round. This is IFC’s first equity investment in an EV platform in India and globally. It will enable Transvolt to scale its electric fleet portfolio to 3,500 vehicles and c…

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ethicalmarketingnews.com broke the news in on Saturday, August 9, 2025.
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