GEF Capital backs India EV components supplier Electra EV
GEF Capital Partners, a spinout from Global Environment Fund, has invested USD 25m in Electra EV, an India-based electric vehicle (EV) components manufacturer controlled by Ratan Tata.
The private equity firm participated through its South Asia Growth Fund II, a USD 200m vehicle that backs small and medium-sized enterprises (SMEs) in India and Bangladesh involved in sustainable agriculture,...
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