Two-wheeler automobile company TVS Motor is reportedly in talks with TPG Capital and KKR & Co to raise at least $300m for its electric vehicle (EV) business.
Recently, Greaves Cotton became the other big player in the segment to raise overseas capital to strengthen foothold in the fast growing EV segment. It received an investment of $220 million from family-owned Saudi Arabian business Abdul Latif Jameel.
Ather Energy, electric scooter maker, raised $128 million from existing investor Hero Motor Corp and the National Investment and Infrastructure Fund, Indian government’s sovereign wealth fund.
Read more: Money Control
