Private Equity PE-VC Fund Investments
IFC to invest $20-M in EV trucks & buses operator Transvolt Mobility
Source Transvolt Mobility (opens in a new tab)Business Line (opens in a new tab)Investor Announcement (opens in a new tab)
Mumbai-based Transvolt Mobility has raised USD 20 million from International Finance Corporation (IFC), as a part of the company's financing round of USD 50 million. The proceeds will be used by the company to expand its electric fleet portfolio.Founded in 2023, Transvolt Mobility owns, operates, and maintains a diverse fleet of electric trucks, tippers, buses and trailers.
Company website ↗ (opens in a new tab)
For FY24, Transvolt Mobility had reported about INR 0.15 Cr in Operating Income and about INR 0.01 Cr in Net Loss.