{"id":439153,"date":"2021-09-30T08:28:34","date_gmt":"2021-09-30T02:58:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439153"},"modified":"2021-09-30T09:37:19","modified_gmt":"2021-09-30T04:07:19","slug":"mahindra-considering-funding-options-for-ev-supercar-unit-says-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mahindra-considering-funding-options-for-ev-supercar-unit-says-report\/","title":{"rendered":"Mahindra considering funding options for EV supercar unit, says report"},"content":{"rendered":"<p>BENGALURU (Reuters) &#8211; Mahindra &amp; Mahindra Ltd is considering options to raise funds for its unit Automobili Pininfarina, as the Indian automaker looks to start production of its $2.2 million electric hypercar, Bloomberg News reported.<\/p>\n<p>The Munich-based luxury electric vehicle unit had in 2019 rolled out a prototype of its 1,900-horsepower Battista, which had a top speed of 350 km\/hour and a range up to 500 km in a single charge.<\/p>\n<p>Mahindra&#8217;s options include a merger with a blank-check company and a potential overseas listing of the EV supercar business.<\/p>\n<p>It could seek to value the unit at around $500 million in any deal, the report said, citing people with knowledge of the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) &#8211; Mahindra &amp; Mahindra Ltd is considering options to raise funds for its unit Automobili Pininfarina, as the Indian automaker looks to start production of its $2.2 million electric hypercar, Bloomberg News reported. The Munich-based luxury electric vehicle unit had in 2019 rolled out a prototype of its 1,900-horsepower Battista, which had a top speed of 350 km\/hour and a range up to 500 km in a single charge. Mahindra&#8217;s options include a merger with a blank-check company and a potential overseas listing of the EV supercar business. It could seek to value the unit at around $500 [&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":[135,130,232],"tags":[],"class_list":["post-439153","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439153","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=439153"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439153\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}