{"id":504143,"date":"2022-07-08T09:11:14","date_gmt":"2022-07-08T03:41:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=504143"},"modified":"2022-07-08T09:30:37","modified_gmt":"2022-07-08T04:00:37","slug":"uks-bii-mm-to-invest-500-million-in-new-ev-entity-valued-at-9-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/uks-bii-mm-to-invest-500-million-in-new-ev-entity-valued-at-9-billion\/","title":{"rendered":"UK&#8217;s BII, M&amp;M to invest $500 million in new EV entity valued at $9 billion"},"content":{"rendered":"<p>UK\u2019s development finance institution British International Investment (BII) will invest Rs 1,925 crore into a new dedicated, four-wheeler electric passenger vehicle arm which Mahindra and Mahindra (M&amp;M) will incorporate, the company said in a late night notification. M&amp;M and BII will invest $250 million each into the new entity called EV Co. at a valuation of Rs 70,070 crore ($9 billion). The two companies have signed a binding agreement for the same.<\/p>\n<p>M&amp;M joins Tata Motors and a host of other companies including Ashok Leyland and TVS Motor Co that have either got external investors for a dedicated EV arm at an attractive valuation or are in the process of concluding such deals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK\u2019s development finance institution British International Investment (BII) will invest Rs 1,925 crore into a new dedicated, four-wheeler electric passenger vehicle arm which Mahindra and Mahindra (M&amp;M) will incorporate, the company said in a late night notification. M&amp;M and BII will invest $250 million each into the new entity called EV Co. at a valuation of Rs 70,070 crore ($9 billion). The two companies have signed a binding agreement for the same. M&amp;M joins Tata Motors and a host of other companies including Ashok Leyland and TVS Motor Co that have either got external investors for a dedicated EV arm [&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-504143","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\/504143","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=504143"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504143\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=504143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=504143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=504143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}