M&M is willing to invest in an EV battery cell manufacturer to secure supplies:CEO


  • Published On: 3rd Aug, 2022
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Source: https://www.business-standard.com/article/companies/m-m-open-to-investing-in-ev-battery-cell-maker-to-secure-supplies-ceo-122071000308_1.html
After raising funds for its new electric vehicle (EV) unit at a $9.1 billion valuation, India's Mahindra & Mahindra may consider investing in a battery-cell company to meet future electrification needs, according to its CEO. Mahindra raised $250 million from British International Investment for the unit on Thursday, July 7, 2022, and is exploring a partnership with Volkswagen AG to source E...
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