PMI Electro Mobility Solutions gets Rs 250 Cr funding

Quick Summary:

The EV maker will use funds to accelerate the development of innovative solutions, production capabilities, and scaling of operations.

The company raised its first round of funding in 2023 from Piramal Alternative Funds under its sector-agnostic Performing Credit Fund (PCF), PMI Electric Mobility said adding this initial financing, which occurred in the form of convertible securities, paved the way for the company in its current growth path.

With robust government support, driven by progressive policies and visionary programs, this transition is gaining significant momentum, he added.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Vehicle Buses Investment Mobility Electric Solutions Production Privacy Policy Company Electro

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 13:12:10 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 277 words

Reading Time: 2 minutes read

Sentences: 17 lines

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Copyright Owner: © YourStory

News ID: 26145114

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