{"id":442636,"date":"2021-10-14T10:41:13","date_gmt":"2021-10-14T05:11:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=442636"},"modified":"2021-10-14T12:19:45","modified_gmt":"2021-10-14T06:49:45","slug":"tata-motors-to-invest-2-billion-in-evs-after-fundraise-from-tpg","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-motors-to-invest-2-billion-in-evs-after-fundraise-from-tpg\/","title":{"rendered":"Tata Motors to invest $2 billion in EVs after fundraise from TPG"},"content":{"rendered":"<p>New Delhi: Tata Motors NSE -1.12 % will invest over $2 billion in its electric vehicle (EV) business over the next five years, a company executive said on Tuesday, after the Indian automaker announced it had raised funds from private equity firm TPG.<\/p>\n<p>Earlier, Tata Motors said TPG&#8217;s Rise Climate Fund and Abu Dhabi state holding company ADQ had agreed to invest about $1 billion to expand the company&#8217;s EV business for which it would form a separate unit.<\/p>\n<p>TPG and ADQ would hold between 11% and 15% in the new EV entity, valuing it at about $9.1 billion, Tata said. The unit will invest in new models, dedicated battery electric vehicle platforms, charging infrastructure and battery technologies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Tata Motors NSE -1.12 % will invest over $2 billion in its electric vehicle (EV) business over the next five years, a company executive said on Tuesday, after the Indian automaker announced it had raised funds from private equity firm TPG. Earlier, Tata Motors said TPG&#8217;s Rise Climate Fund and Abu Dhabi state holding company ADQ had agreed to invest about $1 billion to expand the company&#8217;s EV business for which it would form a separate unit. TPG and ADQ would hold between 11% and 15% in the new EV entity, valuing it at about $9.1 billion, Tata [&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-442636","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\/442636","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=442636"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/442636\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=442636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=442636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=442636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}