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Mahindra Last Mile Mobility Ltd. valued up to INR 6,020 crore by International Finance Corporation, receives 1st tranche of investment
- Mahindra Last Mile Mobility Limited, a subsidiary of Mahindra and Mahindra Limited, commenced commercial operations in September 2023, pursuant to closing of Asset Transfer Agreement and Business Transfer Agreement with M&M.
- International Finance Corporation has completed the first tranche of investment from the total commitment of INR 600 Crore at a valuation of up to INR 6,020 Crore.
India’s No.1* e-3 wheeler manufacturer, Mahindra, launches new e-Alfa super rickshaw with higher range
- India’s No.1* 3-wheeler EV brand with unmatched trust: Trusted by over 50000 e-Alfa customers.
- Improved range of 20% for enhanced earnings: 95+ kilometre on a single charge.
- Extensive charging ecosystem: Equipped with a higher capacity 18 A charger and access to 10000+ charging stations nationwide.
- Comprehensive warranty: One-year vehicle warranty and 18-month battery warranty.
- Largest service network: Over 1100 Mahindra touchpoints across India for excellent customer support.
- Free INR 10 Lakh accidental insurance for driver: Ensuring safety and
Mahindra and Mahindra welcomes SOP layout by Govt for PLI-Auto Scheme
Electric 3-wheelers are one of the leading contributors in automobile electrification in the country