{"id":495736,"date":"2022-06-03T09:26:22","date_gmt":"2022-06-03T03:56:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=495736"},"modified":"2022-06-03T10:12:35","modified_gmt":"2022-06-03T04:42:35","slug":"rivians-saudi-backer-makes-rs-1700-crore-bet-on-greaves-electric","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rivians-saudi-backer-makes-rs-1700-crore-bet-on-greaves-electric\/","title":{"rendered":"Rivian&#8217;s Saudi backer makes Rs 1,700-crore bet on Greaves Electric"},"content":{"rendered":"<p>A Saudi family-owned group that reaped billions as an early backer of electric truck-maker Rivian Automotive, has made a new bet on battery-powered vehicles, this time investing in two- and three-wheeler vehicles in India.<\/p>\n<p>Abdul Latif Jameel, a Jeddah-based group named after its founder and now run by his sons, committed to invest up to $220 million (Rs 1,700-crore) in Greaves Electric Mobility, according to a statement. It will initially pay $150 million (Rs 1,160 crore) for a 35.8 per cent stake in the electric vehicle maker, part of Greaves Cotton.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Saudi family-owned group that reaped billions as an early backer of electric truck-maker Rivian Automotive, has made a new bet on battery-powered vehicles, this time investing in two- and three-wheeler vehicles in India. Abdul Latif Jameel, a Jeddah-based group named after its founder and now run by his sons, committed to invest up to $220 million (Rs 1,700-crore) in Greaves Electric Mobility, according to a statement. It will initially pay $150 million (Rs 1,160 crore) for a 35.8 per cent stake in the electric vehicle maker, part of Greaves Cotton.<\/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-495736","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\/495736","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=495736"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/495736\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=495736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=495736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=495736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}