Why is a British finance company investing $250 million in Mahindra’s EV project?

In a major show of confidence in Mahindra and Mahindra (M&M)’s EV venture, British International Investment (BII), a UK-based development finance institution and impact investor, is expected to invest up to US$250 million (approximately Rs 1,925 crore). ) in the company that will focus on electric four-wheel (4W) passenger vehicles.

M&M itself will match the BII’s $250 million investment, and the two companies will work to attract other like-minded investors to the new electric vehicle business in the coming years.

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