PE funds in electric vehicles may cross $1 billion in 2022
Private equity investment in India’s electric vehicle (EV) industry could top a billion dollars this year, say experts, as investors see new policy initiatives and rising cost of fossil fuel accelerating the adoption of green mobility.
Investors pumped in $906 million through 26 deals in the nine months to the end of September, including in battery manufacturing and battery swapping and charging stations, according to data from Venture Intelligence. In 2021, the sector had received $1.8 billion in investment from 31 deals.
