M&M in talks to raise up to $500 million for EV push, says source

Mahindra is in early talks with global green funds and private equity firms, the person said, adding that it wants a long-term investor who can help build out its EV business. Some investors, however, in recent months have shown interest in participating in a funding round of worth around $800 million, two banking industry sources said, adding that they have held talks with the company about such offers.

from Auto-Industry-Economic Times https://ift.tt/Khuvnq2