{"id":439031,"date":"2021-09-29T11:11:56","date_gmt":"2021-09-29T05:41:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439031"},"modified":"2021-09-29T12:26:05","modified_gmt":"2021-09-29T06:56:05","slug":"mahindra-is-said-to-weigh-electric-supercar-unit-funding-options","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mahindra-is-said-to-weigh-electric-supercar-unit-funding-options\/","title":{"rendered":"Mahindra is said to weigh electric supercar unit funding options"},"content":{"rendered":"<p>Mahindra &amp; Mahindra Ltd. is weighing options to raise funds for its Automobili Pininfarina unit as it seeks to bring a delayed $2.2 million electric hypercar into production, people with knowledge of the matter said.<\/p>\n<p>The Indian carmaker\u2019s considerations include a potential overseas listing of the EV supercar business, according to the people, who asked not to be identified because the information is private. A merger with a blank-check company is one scenario being studied for Automobili Pininfarina, the people said.<\/p>\n<p>Mahindra could seek to value the unit at around $500 million in any deal, the people said. Mahindra is looking for ways to speed up development, as Automobili Pininfarina hasn\u2019t yet begun deliveries of the 1,900-horsepower Battista it showed as a prototype in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mahindra &amp; Mahindra Ltd. is weighing options to raise funds for its Automobili Pininfarina unit as it seeks to bring a delayed $2.2 million electric hypercar into production, people with knowledge of the matter said. The Indian carmaker\u2019s considerations include a potential overseas listing of the EV supercar business, according to the people, who asked not to be identified because the information is private. A merger with a blank-check company is one scenario being studied for Automobili Pininfarina, the people said. Mahindra could seek to value the unit at around $500 million in any deal, the people said. Mahindra is [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-439031","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=439031"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439031\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}